Insider Selling: Spire Global (NYSE:SPIR) CEO Sells $14,952.45 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,201 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $12.45, for a total value of $14,952.45. Following the transaction, the chief executive officer directly owned 1,072,568 shares of the company’s stock, valued at approximately $13,353,471.60. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, January 21st, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.10, for a total value of $14,532.10.
  • 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 value 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 value of $355,803.36.

Spire Global Stock Down 0.5%

SPIR stock opened at $21.45 on Monday. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $21.56. The firm has a market cap of $718.71 million, a PE ratio of 13.58 and a beta of 2.23. The business has a 50 day moving average of $11.51 and a 200 day moving average of $10.59.

Analyst Ratings Changes

Several brokerages have commented on SPIR. Wall Street Zen downgraded Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Alliance Global Partners downgraded Spire Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $9.00 in a research note on Tuesday, December 23rd. HC Wainwright reiterated a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Stifel Nicolaus increased their target price on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Canaccord Genuity Group set a $22.00 target price on Spire Global and gave the company a “buy” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

Check Out Our Latest Report on SPIR

Hedge Funds Weigh In On Spire Global

Institutional investors and hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. boosted its stake in shares of Spire Global by 1,044.0% in the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock worth $3,172,000 after buying an additional 243,246 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Spire Global in the 3rd quarter worth $25,000. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the 2nd quarter worth $25,000. Leonteq Securities AG purchased a new position in shares of Spire Global in the 4th quarter worth $44,000. Finally, DNB Asset Management AS purchased a new position in shares of Spire Global in the 4th quarter worth $933,000. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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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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