Spire Global (NYSE:SPIR) Sees Strong Trading Volume – What’s Next?

Spire Global, Inc. (NYSE:SPIR) shares saw strong trading volume on Monday . 1,204,445 shares were traded during trading, an increase of 20% from the previous session’s volume of 1,003,880 shares.The stock last traded at $22.81 and had previously closed at $21.56.

Analyst Ratings Changes

A number of research analysts have commented on the company. iA Financial set a $9.00 price target on Spire Global in a research note on Tuesday, December 23rd. Weiss Ratings upgraded 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 Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Finally, Canaccord Genuity Group set a $22.00 price target on Spire Global and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

Spire Global Stock Down 10.5%

The business has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $10.74. The firm has a market cap of $694.12 million, a PE ratio of 13.11 and a beta of 2.23.

Insider Buying and Selling

In related news, CEO Theresa Condor sold 41,712 shares of Spire Global stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the transaction, the chief executive officer owned 1,116,581 shares in the company, valued at $9,524,435.93. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $108,817.21. Following the transaction, the chief technology officer owned 221,203 shares of the company’s stock, valued at $1,886,861.59. This trade represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 138,035 shares of company stock worth $1,201,154 over the last ninety days. Insiders own 14.68% of the company’s stock.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atlantic Private Wealth LLC raised its holdings in shares of 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 purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 buying an additional 1,260 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Spire Global by 12.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after buying an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 1,699 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after buying an additional 2,062 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

About Spire Global

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.