Spire Global (NYSE:SPIR) Trading 14.3% Higher – Time to Buy?

Shares of Spire Global, Inc. (NYSE:SPIR) traded up 14.3% during trading on Friday . The company traded as high as $18.42 and last traded at $18.4550. 857,744 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,215,214 shares. The stock had previously closed at $16.14.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPIR. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. HC Wainwright reiterated a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Stifel Nicolaus boosted their price objective on Spire Global from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Finally, Canaccord Genuity Group set a $22.00 price objective on Spire Global and gave the stock a “buy” rating in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Spire Global Stock Performance

The company has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $11.28. The stock has a market capitalization of $618.70 million, a price-to-earnings ratio of 11.60 and a beta of 2.42.

Insiders Place Their Bets

In related news, CTO Johann Gabriel Oehme sold 12,757 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $108,817.21. Following the sale, the chief technology officer directly owned 221,203 shares of the company’s stock, valued at $1,886,861.59. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $355,803.36. Following the sale, the chief executive officer directly owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. The trade was a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 138,033 shares of company stock valued at $1,219,760 in the last quarter. Corporate insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several hedge funds and other institutional investors have recently bought and sold shares of SPIR. Royal Bank of Canada lifted its position in shares of Spire Global by 164.6% during the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after acquiring an additional 29,066 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Spire Global by 78.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock worth $228,000 after purchasing an additional 8,395 shares during the period. Rhumbline Advisers boosted its stake in Spire Global by 22.3% in the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock valued at $467,000 after acquiring an additional 7,165 shares during the last quarter. Invesco Ltd. increased its holdings in Spire Global by 19.5% in the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after buying an additional 98,925 shares in the last quarter. 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.