Insider Selling: Spire Global (NYSE:SPIR) CEO Sells 1,201 Shares of Stock

Key Points

• Theresa Condor sold 1,201 shares of Spire Global under a pre‑arranged Rule 10b5‑1 plan (avg. $12.10, ~$14,532) to cover tax withholding, reducing her stake by 0.12% to 989,514 shares.
• SPIR stock rose about 19.7% to $21.45 on heavy volume, driven by unusually large call‑option buying and renewed buyer interest that amplified the intraday rally.
• The company announced a $70 million private placement (dilutive) and trimmed FY‑2026/Q1 guidance, creating near‑term headwinds while analyst sentiment remains mixed with an average price target of $14.67.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 1,201 shares of the firm's stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $12.10, for a total value of $14,532.10. Following the transaction, the chief executive officer owned 989,514 shares in the company, valued at approximately $11,973,119.40. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

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

• 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.
• On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total value of $355,803.36.

Spire Global Stock Up 19.7%

NYSE:SPIR traded up $3.53 during trading hours on Friday, hitting $21.45. 6,214,090 shares of the company traded hands, compared to its average volume of 1,517,140. The firm's 50-day simple moving average is $11.51 and its 200-day simple moving average is $10.61. Spire Global, Inc. has a one year low of $6.60 and a one year high of $21.56. The company has a market cap of $718.71 million, a PE ratio of 13.58 and a beta of 2.23.

Spire Global News Roundup

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Unusually large call‑option buying (3,033 calls, ~+284% vs. typical daily volume) suggests bullish speculative flows or hedged buying that can amplify upward price moves.
• Positive Sentiment: Shares traded on significantly higher volume versus average (indicative of fresh buyer interest and short‑covering), supporting the intraday recovery.
• Neutral Sentiment: Analyst/coverage piece and product focus: expanded AI agriculture intelligence platform could be a longer‑term revenue catalyst, but timing and monetization are uncertain. Assessing Spire Global (SPIR) Valuation After Expanded AI Agriculture Intelligence Platform Launch
• Negative Sentiment: Spire announced a $70 million private placement to raise capital; the raise is dilutive and was the proximate cause of the initial selloff. Spire Global Announces $70.0 Million Private Placement
• Negative Sentiment: Market headlines emphasized the dilutive raise and drove sharp downside pressure shortly after the announcement. Spire Global Shares Sink on $70 Million Private Placement Spire Global stock tumbles 20% on dilutive private placement Spire Global to raise $70 million in private placement
• Negative Sentiment: Guidance was trimmed: FY‑2026 EPS and revenue ranges imply slightly worse EPS vs. consensus and a revenue midpoint roughly in line to below expectations; Q1 revenue and EPS guidance are notably below consensus — a clear short‑term headwind.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPIR. Wall Street Zen cut Spire Global from a "hold" rating to a "strong sell" rating in a research note on Sunday, December 21st. iA Financial set a $9.00 target price on Spire Global in a research note on Tuesday, December 23rd. HC Wainwright reiterated a "buy" rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Alliance Global Partners cut Spire Global from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Finally, Weiss Ratings upgraded Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, March 20th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Spire Global currently has an average rating of "Moderate Buy" and an average price target of $14.67.

Institutional Investors Weigh In On Spire Global

Several large investors have recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC increased its holdings in Spire Global by 50.0% in 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. BNP Paribas Financial Markets increased its holdings in Spire Global by 84.6% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 buying an additional 1,695 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 1,699 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company's stock valued at $150,000 after buying an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors 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.

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