Spire Global (NYSE:SPIR) CEO Sells $161,462.76 in Stock

Key Points

• Theresa Condor, Spire Global's CEO, sold 18,474 shares on May 20 at an average price of $8.74 for $161,462.76 under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding from vested equity, trimming her stake by 1.66% to 1,096,906 shares (≈$9.59M).
• The company announced a $70 million private placement that proved dilutive and sparked a selloff, while management trimmed FY‑2026 guidance and issued Q1 revenue/EPS guidance below consensus; nonetheless shares later rallied on unusually high volume and heavy call‑option buying.
• Analysts are mixed but the consensus rating is a Moderate Buy with a $14.67 target; Spire's market cap is about $718.7M, PE ≈13.6, and its 12‑month trading range is $6.60–$21.56.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 18,474 shares of the business's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $8.74, for a total transaction of $161,462.76. Following the sale, the chief executive officer directly owned 1,096,906 shares of the company's stock, valued at approximately $9,586,958.44. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

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

• On Wednesday, January 21st, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.10, for a total transaction of $14,532.10.
• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $15,444.86.
• On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The stock was sold at an average price of $8.53, for a total transaction of $355,803.36.

Spire Global Price Performance

Shares of NYSE:SPIR traded up $3.53 during midday trading on Friday, hitting $21.45. 6,214,090 shares of the company's stock were exchanged, compared to its average volume of 1,517,140. The stock has a 50 day moving average price of $11.51 and a 200-day moving average price of $10.61. The company has a market cap of $718.71 million, a PE ratio of 13.58 and a beta of 2.23. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $21.56.

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.

Analysts Set New Price Targets

Several research firms recently weighed in on SPIR. Stifel Nicolaus boosted their price target on shares of Spire Global from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Wall Street Zen cut shares of Spire Global from a "hold" rating to a "strong sell" rating in a report on Sunday, December 21st. HC Wainwright restated a "buy" rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. iA Financial set a $9.00 price target on shares of Spire Global in a report on Tuesday, December 23rd. Finally, Weiss Ratings upgraded shares of Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lane Generational LLC boosted its stake in Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company's stock valued at $5,589,000 after acquiring an additional 214,532 shares during the last quarter. State Street Corp boosted its stake in Spire Global by 1.4% in the fourth quarter. State Street Corp now owns 528,164 shares of the company's stock valued at $3,961,000 after acquiring an additional 7,253 shares during the last quarter. Stifel Financial Corp boosted its stake in Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company's stock valued at $3,934,000 after acquiring an additional 129,990 shares during the last quarter. AWM Investment Company Inc. boosted its stake in Spire Global by 25.7% in the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company's stock valued at $3,137,000 after acquiring an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Spire Global by 58.0% in the second quarter. Marshall Wace LLP now owns 269,401 shares of the company's stock valued at $3,206,000 after acquiring an additional 98,925 shares during the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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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