Spire Global (NYSE:SPIR) CFO Sells 4,286 Shares of Stock

Key Points

• CFO Alison Engel sold 4,286 Spire Global shares at an average price of $14.09, generating $60,389.74. The sale was made to cover tax withholding tied to vested equity awards, leaving her with 261,552 shares.
• Spire Global shares recently traded at $13.97, with a market capitalization of approximately $546 million and a 12-month range of $6.60 to $25.93. The company reported a quarterly loss of $0.31 per share and revenue of $18.05 million, both below analyst expectations.
• Analysts maintain a generally positive view, with an average “Moderate Buy” rating and a $16.70 target price. Four analysts rate the stock a Buy, while one rates it Hold and one Sell.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CFO Alison Engel sold 4,286 shares of Spire Global stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $60,389.74. Following the transaction, the chief financial officer directly owned 261,552 shares of the company's stock, valued at approximately $3,685,267.68. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Performance

Spire Global stock traded up $0.03 during trading hours on Monday, hitting $13.97. 796,263 shares of the stock were exchanged, compared to its average volume of 1,207,394. The stock has a market capitalization of $546.28 million, a P/E ratio of -5.23 and a beta of 2.55. The business's 50-day moving average is $14.60 and its two-hundred day moving average is $14.98. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $25.93.

Spire Global (NYSE:SPIR - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. On average, equities analysts predict that Spire Global, Inc. will post -1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the company a "buy" rating in a research note on Thursday, June 4th. Benchmark reaffirmed a "buy" rating on shares of Spire Global in a research note on Monday, August 3rd. Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the stock a "buy" rating in a research report on Thursday, May 14th. Wall Street Zen raised Spire Global from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Alliance Global Partners restated a "neutral" rating on shares of Spire Global in a research report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.70.

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. bought a new position in shares of Spire Global during the second quarter worth $25,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global in the 3rd quarter valued at $25,000. BNP Paribas Financial Markets increased its position in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock valued at $33,000 after buying an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $49,000 after buying an additional 1,699 shares during the period. Finally, Leonteq Securities AG acquired a new stake in Spire Global during the 4th quarter worth $44,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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