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 that occurred 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 sale, the chief executive officer directly owned 963,670 shares of the company’s stock, valued at $18,377,186.90. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Price Performance

NYSE:SPIR opened at $21.20 on Friday. The firm has a market capitalization of $820.50 million, a price-to-earnings ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $23.59. The business has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $11.89.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.01. The business had revenue of $13.92 million during 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%. As a group, analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. ARS Investment Partners LLC lifted its stake in shares of Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after acquiring an additional 785 shares during the last quarter. Atlantic Private Wealth LLC lifted its stake in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after acquiring an additional 1,000 shares during the last quarter. Parvin Asset Management LLC lifted its stake in shares of Spire Global by 11.4% during the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after acquiring an additional 1,200 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Spire Global by 12.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock worth $179,000 after acquiring an additional 1,695 shares during the last quarter. 19.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of 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 note on Thursday, May 14th. Finally, Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.30.

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.