Spire Global (NYSE:SPIR) CEO Theresa Condor Sells 39,112 Shares

Key Points

• CEO Theresa Condor sold 39,112 shares on Aug. 21 under a Rule 10b5-1 plan at an average of $8.66 to cover tax withholding, reducing her stake by 3.65% to 1,033,456 shares.
• Shares rallied roughly 19.7% on heavy volume to $21.45, reflecting strong intraday buying and unusual call-option activity that amplified the move.
• The company announced a $70 million private placement that was viewed as dilutive and triggered the initial selloff, while management trimmed FY‑2026 guidance; analyst coverage is mixed with a consensus "Moderate Buy" and an average price target of $14.67.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 39,112 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $8.66, for a total transaction of $338,709.92. Following the completion of the sale, the chief executive officer directly owned 1,033,456 shares of the company's stock, valued at $8,949,728.96. The trade was a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 shares were 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 shares were 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 shares were sold at an average price of $8.53, for a total transaction of $355,803.36.

Spire Global Trading Up 19.7%

Shares of SPIR stock 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 business has a 50 day moving average of $11.51 and a two-hundred day moving average of $10.61. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $21.56. The company has a market capitalization of $718.71 million, a PE ratio of 13.58 and a beta of 2.23.

Analyst Upgrades and Downgrades

SPIR has been the subject of several research reports. HC Wainwright reissued a "buy" rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Weiss Ratings raised shares of Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, March 20th. iA Financial set a $9.00 price objective on shares of Spire Global in a research report on Tuesday, December 23rd. Wall Street Zen downgraded shares of Spire Global from a "hold" rating to a "strong sell" rating in a research report on Sunday, December 21st. Finally, Canaccord Genuity Group set a $22.00 price objective on shares of Spire Global and gave the stock a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Spire Global currently has a consensus rating of "Moderate Buy" and an average price target of $14.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Atlantic Private Wealth LLC grew its position in Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company's stock valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock valued at $33,000 after purchasing an additional 1,260 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Spire Global by 12.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company's stock valued at $179,000 after purchasing an additional 1,695 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock valued at $49,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Invesco Ltd. grew its position in Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company's stock valued at $150,000 after purchasing an additional 2,062 shares in the last quarter. Institutional investors own 19.97% of the company's stock.

Trending Headlines about Spire Global

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.

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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