Insider Selling: Spire Global (NYSE:SPIR) CTO Sells 12,757 Shares of Stock

Key Points

• Spire Global CTO Johann Gabriel Oehme sold 12,757 shares at an average price of $8.53 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested awards, cutting his stake by 5.45% to 221,203 shares (≈$1.89M).
• Shares surged about 19.7% to $21.45 on heavy volume (6.21M vs. avg. 1.52M), giving the company a market cap of roughly $718.7M and a one‑year range of $6.60–$21.56.
• Spire faces near‑term pressure from a dilutive $70M private placement and trimmed FY‑2026/Q1 guidance, though analysts are mixed overall with a consensus "Moderate Buy" and an average price target of $14.67.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CTO Johann Gabriel Oehme sold 12,757 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $108,817.21. Following the transaction, the chief technology officer directly owned 221,203 shares of the company's stock, valued at approximately $1,886,861.59. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

Spire Global Trading Up 19.7%

NYSE:SPIR traded up $3.53 during trading hours on Friday, hitting $21.45. 6,214,090 shares of the company were exchanged, compared to its average volume of 1,517,140. The stock has a market capitalization of $718.71 million, a price-to-earnings ratio of 13.58 and a beta of 2.23. Spire Global, Inc. has a one year low of $6.60 and a one year high of $21.56. The company has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $10.61.

Key Spire Global News

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 Ratings Changes

A number of brokerages have weighed in on SPIR. Stifel Nicolaus increased their price target on Spire Global from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Weiss Ratings upgraded Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, March 20th. Alliance Global Partners downgraded Spire Global from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. Wall Street Zen downgraded Spire Global from a "hold" rating to a "strong sell" rating in a report on Sunday, December 21st. Finally, iA Financial set a $9.00 price target on Spire Global in a report on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.67.

Institutional Trading of Spire Global

Several large investors have recently made changes to their positions in SPIR. Royal Bank of Canada grew its stake in shares of Spire Global by 164.6% in the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company's stock valued at $378,000 after buying an additional 29,066 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Spire Global by 78.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company's stock valued at $228,000 after buying an additional 8,395 shares during the period. Rhumbline Advisers grew its stake in shares of Spire Global by 22.3% in the 2nd quarter. Rhumbline Advisers now owns 39,240 shares of the company's stock valued at $467,000 after buying an additional 7,165 shares during the period. Invesco Ltd. grew its stake in shares of Spire Global by 19.5% in 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 during the period. Finally, Marshall Wace LLP grew its stake in shares of Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company's stock valued at $3,206,000 after buying an additional 98,925 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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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