Insider Selling: Spire Global (NYSE:SPIR) CEO Sells $14,532.10 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,201 shares of Spire Global stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $12.10, for a total transaction of $14,532.10. Following the sale, the chief executive officer directly owned 989,514 shares of the company’s stock, valued at approximately $11,973,119.40. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Theresa Condor also recently made the following trade(s):

  • On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total transaction of $15,444.86.
  • On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total transaction of $355,803.36.

Spire Global Price Performance

Shares of SPIR opened at $21.45 on Monday. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $21.56. The stock has a market cap of $718.71 million, a PE ratio of 13.58 and a beta of 2.23. The firm has a fifty day moving average price of $11.51 and a 200 day moving average price of $10.59.

Key Stories Impacting Spire Global

Here are the key news stories impacting Spire Global this week:

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPIR shares. Stifel Nicolaus boosted their price target on shares of Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

Get Our Latest Stock Report on Spire Global

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in Spire Global in the fourth quarter valued at $89,000. XTX Topco Ltd increased its stake in Spire Global by 26.8% in the fourth quarter. XTX Topco Ltd now owns 55,702 shares of the company’s stock valued at $418,000 after purchasing an additional 11,780 shares during the period. Tudor Investment Corp ET AL increased its stake in Spire Global by 24.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company’s stock valued at $335,000 after purchasing an additional 8,635 shares during the period. Quadrature Capital Ltd acquired a new position in Spire Global in the fourth quarter valued at $193,000. Finally, Engineers Gate Manager LP acquired a new position in Spire Global in the fourth quarter valued at $154,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

About Spire Global

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Spire Global (NYSE:SPIR)

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