Spire Global (NYSE:SPIR) CEO Sells $14,568.24 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,212 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $12.02, for a total transaction of $14,568.24. Following the sale, the chief executive officer directly owned 1,031,036 shares in the company, valued at approximately $12,393,052.72. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction 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 transaction 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 transaction of $355,803.36.

Spire Global Stock Down 0.5%

SPIR stock opened at $21.45 on Monday. The company’s 50-day simple moving average is $11.51 and its 200-day simple moving average is $10.59. Spire Global, Inc. has a 52-week low of $6.60 and a 52-week high of $21.56. The firm has a market cap of $718.71 million, a P/E ratio of 13.58 and a beta of 2.23.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPIR shares. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Stifel Nicolaus upped their price target on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Alliance Global Partners downgraded shares of Spire Global from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. iA Financial set a $9.00 price target on shares of Spire Global in a research report on Tuesday, December 23rd. Finally, Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.67.

Read Our Latest Stock Analysis on Spire Global

Spire Global News Roundup

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

Institutional Trading of Spire Global

A number of hedge funds have recently bought and sold shares of the business. Atlantic Private Wealth LLC raised its holdings in Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 1,260 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 acquiring an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 1,699 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in 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 acquiring an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

(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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