Spire Global (NYSE:SPIR) Shares Up 7.5% – Time to Buy?

Spire Global, Inc. (NYSE:SPIR)’s share price was up 7.5% on Friday . The stock traded as high as $21.07 and last traded at $20.6460. Approximately 179,405 shares changed hands during trading, a decline of 86% from the average daily volume of 1,253,579 shares. The stock had previously closed at $19.21.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPIR shares. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Stifel Nicolaus set a $22.00 price objective on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.30.

Spire Global Price Performance

The stock’s 50-day moving average is $16.31 and its two-hundred day moving average is $11.82. The stock has a market cap of $807.49 million, a P/E ratio of 13.35 and a beta of 2.42.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The business had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.08 million. On average, analysts anticipate that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Peter Platzer sold 1,800 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $18.31, for a total value of $32,958.00. Following the completion of the sale, the chairman owned 1,485,752 shares of the company’s stock, valued at approximately $27,204,119.12. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,002 shares of company stock valued at $93,536. 13.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPIR. Royal Bank of Canada lifted its position in Spire Global by 164.6% in the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after buying an additional 29,066 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Spire Global by 78.3% in the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after buying an additional 8,395 shares during the last quarter. Rhumbline Advisers increased its stake in Spire Global by 22.3% during the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock worth $467,000 after purchasing an additional 7,165 shares during the period. Invesco Ltd. increased its stake in Spire Global by 19.5% during the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after purchasing an additional 2,062 shares during the period. Finally, Marshall Wace LLP increased its stake in Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after purchasing an additional 98,925 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.