Spire Global (NYSE:SPIR) Stock Price Up 5.5% – Time to Buy?

Spire Global, Inc. (NYSE:SPIR) shares shot up 5.5% during mid-day trading on Tuesday . The stock traded as high as $18.06 and last traded at $18.2280. 118,724 shares were traded during trading, a decline of 91% from the average daily volume of 1,349,341 shares. The stock had previously closed at $17.27.

Analyst Ratings Changes

A number of equities analysts have recently commented on SPIR shares. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Stifel Nicolaus set a $24.00 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Three 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $16.70.

Spire Global Trading Down 2.3%

The stock has a market cap of $659.39 million, a PE ratio of 10.85 and a beta of 2.48. The company’s 50 day moving average is $18.91 and its 200-day moving average is $13.71.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data 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 net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. As a group, analysts forecast that Spire Global, Inc. will post -1.35 EPS for the current year.

Insider Transactions at Spire Global

In other Spire Global news, CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 in the company, valued at $4,159,090.72. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Celia Pelez sold 4,660 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 value of $88,866.20. Following the completion of the transaction, the chief operating officer directly owned 263,116 shares in the company, valued at approximately $5,017,622.12. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,297 shares of company stock valued at $1,052,433 in the last three months. 13.04% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Spire Global by 27.1% during the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock worth $957,000 after acquiring an additional 16,227 shares in the last quarter. Parvin Asset Management LLC lifted its position in shares of Spire Global by 11.4% during the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares during the last quarter. Royal Bank of Canada grew its stake in Spire Global by 9.9% in the first quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock worth $989,000 after purchasing an additional 7,113 shares in the last quarter. Granite Investment Partners LLC bought a new stake in Spire Global in the first quarter valued at about $129,000. Finally, ARS Investment Partners LLC raised its stake in Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after buying an additional 785 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

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.