Theresa Condor Sells 24,644 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) 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 completion of the transaction, the chief executive officer owned 963,670 shares in the company, valued at $18,377,186.90. The trade was a 2.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Theresa Condor also recently made the following trade(s):

• On Monday, April 20th, Theresa Condor sold 1,200 shares of Spire Global stock. The shares were sold at an average price of $18.31, for a total value of $21,972.00.
• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total value of $15,444.86.

Spire Global Trading Up 10.3%

SPIR stock traded up $1.99 during midday trading 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 company’s fifty day simple moving average is $16.31 and its 200 day simple moving average is $11.82. The company has a market cap of $820.46 million, a price-to-earnings ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 52-week low of $6.60 and a 52-week high of $23.59.

Spire Global (NYSE:SPIR) last announced 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. The company had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Sell-side analysts predict that Spire Global, Inc. will post -1.39 EPS for the current year.

Wall Street Analyst Weigh In

SPIR has been the topic of a number of research reports. Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research 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 report on Saturday, April 25th. HC Wainwright reissued a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Three equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPIR. Lane Generational LLC boosted 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 valued at $5,589,000 after acquiring an additional 214,532 shares during the last quarter. Stifel Financial Corp raised its holdings in Spire Global by 32.9% in the 4th 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 period. DNB Asset Management AS purchased a new stake in Spire Global in the 4th quarter valued at about $933,000. Raymond James Financial Inc. raised its holdings in Spire Global by 210.0% in the 2nd quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock valued at $2,046,000 after buying an additional 116,488 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in Spire Global in the 2nd quarter valued at about $1,375,000. Institutional investors and hedge funds 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.