Spire Global (NYSE:SPIR) CEO Sells $12,587.36 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,208 shares of Spire Global stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $10.42, for a total value of $12,587.36. Following the sale, the chief executive officer owned 1,032,248 shares of the company’s stock, valued at approximately $10,756,024.16. This trade represents a 0.12% decrease in their position. The sale 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 Wednesday, January 21st, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was 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 stock was 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 stock was sold at an average price of $8.53, for a total value of $355,803.36.

Spire Global Price Performance

NYSE:SPIR opened at $21.45 on Monday. The business has a 50 day moving average of $11.51 and a 200 day moving average of $10.59. The company has a market capitalization of $718.71 million, a price-to-earnings 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.

Spire Global News Summary

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

Institutional Trading of Spire Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. bought a new stake in Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in Spire Global in the third quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its position in Spire Global by 84.6% in the second 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. Atlantic Private Wealth LLC lifted its position in Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Spire Global by 71.2% in the second 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. Institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SPIR. iA Financial set a $9.00 target price on Spire Global in a research report on Tuesday, December 23rd. Alliance Global Partners downgraded 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. Canaccord Genuity Group set a $22.00 target price on Spire Global and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their target price on Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings upgraded Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.67.

Read Our Latest Research Report on Spire Global

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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