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

Spire Global, Inc. (NYSE:SPIR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $20.01, but opened at $21.00. Spire Global shares last traded at $19.7660, with a volume of 486,054 shares traded.

Wall Street Analysts Forecast Growth

SPIR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Stifel Nicolaus set a $22.00 price objective on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. HC Wainwright reaffirmed a “buy” rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

Spire Global Stock Performance

The stock has a market cap of $740.10 million, a price-to-earnings ratio of 12.18 and a beta of 2.42. The firm’s 50-day simple moving average is $15.94 and its two-hundred day simple moving average is $11.70.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data 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 analysts’ expectations of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Equities research analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Spire Global

In other news, COO Perez Celia Pelez sold 19,134 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 transaction of $163,213.02. Following the completion of the sale, the chief operating officer owned 267,776 shares in the company, valued at $2,284,129.28. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Peter Platzer sold 1,800 shares of Spire Global stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00. Following the sale, the chairman owned 1,485,752 shares of the company’s stock, valued at approximately $27,204,119.12. This represents a 0.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 138,033 shares of company stock worth $1,219,760 in the last 90 days. Corporate insiders own 13.04% of the company’s stock.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently modified their holdings of the business. Lane Generational LLC grew its position in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after buying an additional 214,532 shares during the period. State Street Corp grew its position in shares of Spire Global by 1.4% during the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after buying an additional 7,253 shares during the period. Stifel Financial Corp grew its position in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares during the period. AWM Investment Company Inc. grew its position in shares of Spire Global by 25.7% during the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after buying an additional 85,492 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Spire Global by 58.0% during 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 during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.