Spire Global (NYSE:SPIR) Shares Down 5.7% – Should You Sell?

Spire Global, Inc. (NYSE:SPIR)’s share price was down 5.7% during trading on Thursday . The company traded as low as $16.91 and last traded at $17.1150. Approximately 262,725 shares changed hands during trading, a decline of 80% from the average session volume of 1,309,825 shares. The stock had previously closed at $18.15.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPIR shares. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Alliance Global Partners restated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group set a $22.50 price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.70.

Spire Global Stock Down 1.1%

The company has a fifty day simple moving average of $19.12 and a 200 day simple moving average of $13.49. The firm has a market capitalization of $726.59 million, a P/E ratio of 11.96 and a beta of 2.48.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.01. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. As a group, equities analysts expect that Spire Global, Inc. will post -1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Spire Global

In other news, COO Perez Celia Pelez sold 4,660 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $88,866.20. Following the sale, the chief operating officer owned 263,116 shares in the company, valued at $5,017,622.12. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 24,644 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the sale, the chief executive officer directly owned 963,670 shares of the company’s stock, valued at $18,377,186.90. This trade represents a 2.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 55,297 shares of company stock worth $1,052,433 in the last 90 days. Insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Several institutional investors have recently added to or reduced their stakes in SPIR. Lane Generational LLC increased its holdings in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares in the last quarter. State Street Corp lifted its holdings in shares of Spire Global by 1.4% during the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after purchasing an additional 7,253 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Spire Global by 32.9% during 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 during the last quarter. AWM Investment Company Inc. boosted 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 buying an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after buying an additional 98,925 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.