Spire Global (NYSE:SPIR) CEO Sells $11,943.68 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,204 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $9.92, for a total value of $11,943.68. Following the transaction, the chief executive officer directly owned 1,073,769 shares in the company, valued at approximately $10,651,788.48. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Price Performance

Shares of NYSE:SPIR opened at $21.45 on Monday. The company has a market cap of $718.71 million, a P/E ratio of 13.58 and a beta of 2.23. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $21.56. The stock’s fifty day moving average price is $11.51 and its 200-day moving average price is $10.59.

Key Spire Global News

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in shares of Spire Global in the second quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global during the third quarter worth about $25,000. BNP Paribas Financial Markets grew its position in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares in the last quarter. Atlantic Private Wealth LLC grew its position 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after purchasing an additional 1,699 shares in the last quarter. Institutional investors own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

SPIR has been the topic of a number of recent research reports. Alliance Global Partners downgraded Spire Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $9.00 in a report on Tuesday, December 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 report on Thursday, March 19th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. iA Financial set a $9.00 target price on Spire Global in a report on Tuesday, December 23rd. Finally, HC Wainwright reissued a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a report on Friday, January 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

Get Our Latest Stock Report on SPIR

Spire Global Company Profile

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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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