Spire Global (NYSE:SPIR) Cut to “Strong Sell” at Wall Street Zen

Spire Global (NYSE:SPIR) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

SPIR has been the topic of several other research reports. Stifel Nicolaus set a $24.00 price objective on Spire Global and gave the stock a “buy” rating in a report on Thursday, June 4th. Weiss Ratings cut Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Alliance Global Partners restated a “neutral” rating on shares of Spire Global in a research report 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, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.70.

Spire Global Stock Performance

SPIR stock opened at $12.16 on Friday. Spire Global has a 52 week low of $6.60 and a 52 week high of $25.93. The firm’s fifty day moving average is $18.21 and its 200 day moving average is $14.55. The firm has a market cap of $470.75 million, a P/E ratio of 7.75 and a beta of 2.51.

Spire Global (NYSE:SPIR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The company had revenue of $13.92 million for 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%. As a group, analysts forecast that Spire Global will post -1.35 EPS for the current year.

Insider Transactions at Spire Global

In related news, CFO Alison K. Engel sold 12,702 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $242,354.16. Following the completion of the transaction, the chief financial officer owned 265,838 shares in the company, valued at $5,072,189.04. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 24,644 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 $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 position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 55,297 shares of company stock worth $1,052,433. Corporate insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. ARS Investment Partners LLC increased its position in shares of Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after buying an additional 785 shares during the period. Parvin Asset Management LLC lifted its holdings in Spire Global by 11.4% in the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after buying an additional 1,200 shares during the period. BNP Paribas Financial Markets lifted its holdings in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $179,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after acquiring an additional 1,699 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors.

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.