Spire Global (NYSE:SPIR) Chairman Sells 17,954 Shares of Stock

Key Points

• Spire Global Chairman Peter Platzer sold 17,954 shares at an average price of $11.02, generating approximately $197,853. He retained 1,455,514 shares, with the sale reducing his ownership by 1.22%.
• SPIR shares fell 2.0% to $10.89, while the company reported quarterly EPS of negative $0.31, missing estimates, and revenue of $18.05 million, also below forecasts.
• Analysts maintain a “Moderate Buy” consensus rating with a $16.70 target price, although institutional investors own only about 19.97% of the stock and the company remains unprofitable.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 17,954 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $11.02, for a total value of $197,853.08. Following the sale, the chairman owned 1,455,514 shares in the company, valued at approximately $16,039,764.28. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Peter Platzer also recently made the following trade(s):

• On Thursday, August 20th, Peter Platzer sold 5,100 shares of Spire Global stock. The shares were sold at an average price of $14.09, for a total value of $71,859.00.

Spire Global Trading Down 2.0%

SPIR stock traded down $0.22 during midday trading on Monday, hitting $10.89. The stock had a trading volume of 640,969 shares, compared to its average volume of 638,407. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $25.93. The stock has a 50-day simple moving average of $12.51 and a 200 day simple moving average of $15.45. The firm has a market capitalization of $426.10 million, a price-to-earnings ratio of -4.08 and a beta of 2.81.

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

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. Integrated Wealth Concepts LLC bought a new position in shares of Spire Global in the second quarter valued at approximately $184,000. Granite Investment Partners LLC acquired a new position in Spire Global in the first quarter worth $129,000. Parvin Asset Management LLC grew its holdings in shares of Spire Global by 11.4% during the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company's stock worth $148,000 after purchasing an additional 1,200 shares during the last quarter. ARS Investment Partners LLC grew its holdings 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 worth $396,000 after purchasing an additional 785 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Spire Global by 27.1% in the first quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock valued at $957,000 after buying an additional 16,227 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPIR has been the topic of a number of recent research reports. Weiss Ratings downgraded Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 27th. Benchmark restated a "buy" rating on shares of Spire Global in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.70.

About Spire Global

Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.

Spire's products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.

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