Spire Global (NYSE:SPIR) CTO Johann Gabriel Oehme Sells 3,107 Shares

Spire Global, Inc. (NYSE:SPIR) CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $59,250.49. Following the completion of the sale, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Performance

NYSE:SPIR traded up $1.99 during trading hours on Friday, reaching $21.20. The stock had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. The stock has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $11.82. Spire Global, Inc. has a 12-month low of $6.60 and a 12-month high of $23.59. The stock has a market cap of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The business had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. On average, equities analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Stifel Nicolaus set a $22.00 target price on Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. 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, the company has an average rating of “Moderate Buy” and an average price target of $16.30.

Institutional Investors Weigh In On Spire Global

Several large investors have recently added to or reduced their stakes in SPIR. Osaic Holdings Inc. bought a new stake in Spire Global during the second quarter valued at $25,000. Russell Investments Group Ltd. bought a new stake in Spire Global during the third quarter valued at $25,000. Atlantic Private Wealth LLC boosted its stake in Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after buying an additional 1,000 shares during the period. BNP Paribas Financial Markets boosted its stake in Spire Global by 84.6% during 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 period. Finally, Leonteq Securities AG bought a new stake in Spire Global during the fourth quarter valued at $44,000. Institutional investors own 19.97% of the company’s stock.

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.