Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of “Moderate Buy” from Brokerages

Spire Global, Inc. (NYSE:SPIR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.3333.

A number of analysts have weighed in on SPIR shares. iA Financial set a $9.00 price target on Spire Global in a research report on Tuesday, December 23rd. Canaccord Genuity Group boosted their target price on shares of Spire Global from $10.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Wall Street Zen lowered shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 19th.

Insider Transactions at Spire Global

In other news, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the transaction, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at $9,524,435.93. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Peter Platzer sold 58,428 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $498,390.84. Following the sale, the chairman owned 1,693,603 shares in the company, valued at approximately $14,446,433.59. This trade represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 122,276 shares of company stock valued at $1,056,013. Corporate insiders own 14.68% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of the business. Atlantic Private Wealth LLC grew its holdings in shares of Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Spire Global by 12.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock worth $179,000 after buying an additional 1,695 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 1,699 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after acquiring an additional 2,062 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Up 6.4%

Shares of SPIR opened at $13.38 on Thursday. The stock has a market cap of $448.23 million, a PE ratio of 8.47 and a beta of 2.22. Spire Global has a 1 year low of $6.60 and a 1 year high of $14.99. The stock has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $10.26.

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.