Spire Global, Inc. (NYSE:SPIR) Given Consensus Rating of “Hold” by Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.4167.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, December 22nd. Wall Street Zen lowered Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Spire Global in a research note on Monday, December 22nd. iA Financial set a $9.00 target price on Spire Global in a report on Tuesday, December 23rd. Finally, Stifel Nicolaus set a $14.00 target price on Spire Global and gave the company a “buy” rating in a research report on Thursday, December 18th.

Spire Global Trading Up 0.2%

Spire Global stock opened at $10.85 on Friday. The firm has a market capitalization of $359.07 million, a price-to-earnings ratio of 28.55 and a beta of 2.50. The firm’s fifty day moving average price is $10.39 and its two-hundred day moving average price is $9.97. Spire Global has a 1-year low of $6.60 and a 1-year high of $14.52.

Insider Buying and Selling at Spire Global

In other news, COO Perez Celia Pelez sold 19,134 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $163,213.02. Following the completion of the sale, the chief operating officer owned 267,776 shares in the company, valued at $2,284,129.28. This represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theresa Condor sold 41,712 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $355,803.36. Following the completion of the sale, the chief executive officer owned 1,116,581 shares of the company’s stock, valued at approximately $9,524,435.93. This represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 119,274 shares of company stock worth $1,017,407. Corporate insiders own 14.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. grew its position in Spire Global by 1,044.0% in the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock worth $3,172,000 after purchasing an additional 243,246 shares in the last quarter. Lane Generational LLC lifted its position in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after buying an additional 214,532 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Spire Global by 27.5% in the 2nd quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock worth $7,879,000 after buying an additional 142,987 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Spire Global by 32.9% in the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares during the last quarter. Finally, DNB Asset Management AS bought a new position in shares of Spire Global in the fourth quarter valued at approximately $933,000. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

About Spire Global

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.