Spire Global (NYSE:SPIR) Stock Price Down 9.1% – Should You Sell?

Spire Global, Inc. (NYSE:SPIR) traded down 9.1% during mid-day trading on Tuesday . The stock traded as low as $15.78 and last traded at $15.47. 528,236 shares were traded during trading, a decline of 60% from the average session volume of 1,305,459 shares. The stock had previously closed at $17.02.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. 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. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.70.

Spire Global Price Performance

The company has a fifty day moving average price of $18.55 and a two-hundred day moving average price of $12.89. The firm has a market cap of $625.55 million, a price-to-earnings ratio of 10.29 and a beta of 2.48.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. On average, research analysts expect that Spire Global, Inc. will post -1.35 earnings per share for the current fiscal year.

Insider Transactions at Spire Global

In other Spire Global news, CFO Alison K. Engel sold 12,702 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $242,354.16. Following the completion of the transaction, the chief financial officer directly owned 265,838 shares in the company, valued at $5,072,189.04. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the sale, the chief technology officer owned 218,096 shares of the company’s stock, valued at approximately $4,159,090.72. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 58,299 shares of company stock valued at $1,091,038 in the last 90 days. 13.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SPIR. Osaic Holdings Inc. acquired a new stake in Spire Global during the second quarter valued at $25,000. Russell Investments Group Ltd. acquired a new position in Spire Global in the third quarter worth approximately $25,000. BNP Paribas Financial Markets raised its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares in the last quarter. Leonteq Securities AG acquired a new stake in Spire Global in the fourth quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC grew its position in Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after acquiring an additional 1,699 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

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.