Spire Global (NYSE:SPIR) Shares Up 8.7% – Should You Buy?

Spire Global, Inc. (NYSE:SPIR) shares rose 8.7% on Thursday . The stock traded as high as $20.20 and last traded at $20.6970. Approximately 208,296 shares changed hands during trading, a decline of 84% from the average daily volume of 1,299,572 shares. The stock had previously closed at $19.04.

Wall Street Analyst Weigh In

SPIR has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings lowered shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.70.

Spire Global Stock Up 10.0%

The firm has a market capitalization of $810.78 million, a P/E ratio of 13.31 and a beta of 2.48. The company’s 50 day moving average is $18.26 and its 200-day moving average is $12.67.

Spire Global (NYSE:SPIR) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. On average, analysts predict that Spire Global, Inc. will post -1.35 EPS for the current fiscal year.

Insider Transactions at Spire Global

In other Spire Global news, CEO Theresa Condor sold 24,644 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $469,961.08. Following the transaction, the chief executive officer directly owned 963,670 shares of the company’s stock, valued at approximately $18,377,186.90. This trade represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the transaction, the chief technology officer directly owned 218,096 shares in the company, valued at $4,159,090.72. This trade represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 58,299 shares of company stock valued at $1,091,038. Corporate insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Lane Generational LLC lifted its stake in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after buying an additional 214,532 shares in the last quarter. State Street Corp lifted its stake in shares of Spire Global by 1.4% in the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after buying an additional 7,253 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after buying an additional 129,990 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Spire Global by 25.7% during the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock valued at $3,137,000 after purchasing an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,925 shares in the last quarter. 19.97% of the stock is owned by institutional investors.

Spire Global Company Profile

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.