Spire Global (SPIR) Expected to Announce Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $30.17 million for the quarter.

Spire Global Stock Up 1.2 %

NYSE:SPIR opened at $11.28 on Wednesday. The stock’s 50-day simple moving average is $15.20 and its 200 day simple moving average is $12.36. The firm has a market capitalization of $274.26 million, a PE ratio of -3.24 and a beta of 2.27. Spire Global has a twelve month low of $6.26 and a twelve month high of $21.43.

Insider Transactions at Spire Global

In other news, CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the completion of the transaction, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theresa Condor sold 17,979 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares of the company’s stock, valued at $4,047,879.71. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,857 shares of company stock worth $1,069,038 over the last ninety days. 17.11% of the stock is owned by insiders.

Analysts Set New Price Targets

SPIR has been the topic of several research analyst reports. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and raised their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Robert W. Baird lifted their price target on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Alliance Global Partners lifted their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price target on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.80.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.