Insider Selling: Spire Global (NYSE:SPIR) CTO Sells $108,817.21 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CTO Johann Gabriel Oehme sold 12,757 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 $108,817.21. Following the sale, the chief technology officer owned 221,203 shares of the company’s stock, valued at $1,886,861.59. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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.

Spire Global Stock Performance

Shares of SPIR opened at $21.45 on Monday. Spire Global, Inc. has a one year low of $6.60 and a one year high of $21.56. The stock has a market capitalization of $718.71 million, a price-to-earnings ratio of 13.58 and a beta of 2.23. The stock has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.59.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Private Wealth LLC boosted its stake in 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 buying an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Spire Global by 12.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after purchasing an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Spire Global by 19.5% in the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after purchasing an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. iA Financial set a $9.00 price objective on Spire Global in a research note on Tuesday, December 23rd. Wall Street Zen lowered Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Canaccord Genuity Group set a $22.00 price objective on Spire Global and gave the stock a “buy” rating in a research note on Friday. HC Wainwright reissued a “buy” rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Finally, Alliance Global Partners lowered Spire Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $14.67.

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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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