Bank of New York Mellon Corp Invests $1.74 Million in Spire Global, Inc. $SPIR

Key Points

• Bank of New York Mellon acquired 93,408 Spire Global shares worth approximately $1.74 million, giving it a 0.24% stake. Institutional investors collectively own nearly 20% of the company.
• Analyst sentiment remains mixed but leans positive: four analysts rate SPIR a Buy, one rates it Hold and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $16.70.
• Spire Global reported a quarterly loss of $0.31 per share, worse than the expected $0.26 loss, while revenue of $18.05 million also fell short of estimates. The stock opened at $12.10, well below its 12-month high of $25.93.

Bank of New York Mellon Corp acquired a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 93,408 shares of the company's stock, valued at approximately $1,737,000. Bank of New York Mellon Corp owned 0.24% of Spire Global as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPIR. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global during the 3rd quarter worth $25,000. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Spire Global in the 4th quarter worth $44,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after purchasing an additional 1,699 shares in the last quarter. Institutional investors own 19.97% of the company's stock.

Insider Transactions at Spire Global

In related news, Director Stephen Messer sold 17,986 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $14.06, for a total transaction of $252,883.16. Following the sale, the director directly owned 83,667 shares of the company's stock, valued at $1,176,358.02. This trade represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Peter Platzer sold 5,100 shares of Spire Global stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $71,859.00. Following the transaction, the chairman owned 1,473,468 shares of the company's stock, valued at approximately $20,761,164.12. This represents a 0.34% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 57,347 shares of company stock valued at $807,480. 13.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SPIR. Weiss Ratings lowered shares of Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 27th. Alliance Global Partners reiterated a "neutral" rating on shares of Spire Global in a research note on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a "buy" rating in a report on Thursday, May 14th. Wall Street Zen raised Spire Global from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Benchmark reaffirmed a "buy" rating on shares of Spire Global in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Spire Global has an average rating of "Moderate Buy" and an average price target of $16.70.

Spire Global Price Performance

SPIR stock opened at $12.10 on Wednesday. The company has a market capitalization of $473.33 million, a P/E ratio of -4.53 and a beta of 2.58. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $25.93. The firm's fifty day simple moving average is $13.53 and its 200-day simple moving average is $15.20.

Spire Global (NYSE:SPIR - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). The business had revenue of $18.05 million for the quarter, compared to analysts' expectations of $18.53 million. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. As a group, sell-side analysts forecast that Spire Global, Inc. will post -1.5 earnings per share for the current year.

Spire Global 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.

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