Alison Engel Sells 12,702 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CFO Alison Engel sold 12,702 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, 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 approximately $5,072,189.04. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 10.3%

Shares of SPIR traded up $1.99 during trading on Friday, reaching $21.20. The company’s stock had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. The company has a fifty day moving average of $16.31 and a two-hundred day moving average of $11.82. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $23.59. The company has a market cap of $820.46 million, a price-to-earnings ratio of 13.50 and a beta of 2.42.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPIR. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. HC Wainwright reiterated a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in Spire Global during the 2nd quarter worth $25,000. Russell Investments Group Ltd. bought a new position in Spire Global during the 3rd quarter worth $25,000. BNP Paribas Financial Markets grew its stake in Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares during the last quarter. Atlantic Private Wealth LLC grew its stake in Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after buying an additional 1,699 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

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.