Spire Global (NYSE:SPIR) CEO Sells $296,913.21 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 39,119 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $7.59, for a total transaction of $296,913.21. Following the transaction, the chief executive officer owned 991,917 shares in the company, valued at $7,528,650.03. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction 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 transaction 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 transaction of $355,803.36.

Spire Global Trading Down 0.5%

Shares of NYSE SPIR opened at $21.45 on Monday. The firm’s 50-day moving average price is $11.51 and its 200-day moving average price is $10.59. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $21.56. The firm has a market capitalization of $718.71 million, a P/E ratio of 13.58 and a beta of 2.23.

Key Spire Global News

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

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in shares of Spire Global in the 4th quarter worth about $89,000. XTX Topco Ltd raised its holdings in shares of Spire Global by 26.8% in the 4th quarter. XTX Topco Ltd now owns 55,702 shares of the company’s stock worth $418,000 after acquiring an additional 11,780 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Spire Global by 24.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company’s stock worth $335,000 after acquiring an additional 8,635 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Spire Global in the 4th quarter worth about $193,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Spire Global in the 4th quarter worth about $154,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPIR shares. iA Financial set a $9.00 price objective on shares of Spire Global in a report on Tuesday, December 23rd. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. Canaccord Genuity Group set a $22.00 price objective on shares of Spire Global and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus upped their target price on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, HC Wainwright restated 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

View Our Latest Report on SPIR

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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