Spire Global (NYSE:SPIR) Sets New 52-Week High - Still a Buy?

Key Points

• Shares of Spire Global hit a new 52-week high of $23.59 (last $23.04) on heavy volume (~4.35M), with a market capitalization of about $771.8M and a P/E of 14.6.
• Analyst coverage is mixed—MarketBeat shows a consensus rating of Moderate Buy with a $14.67 consensus price target, while recent broker targets range from $9 to $19 and ratings split between Buy and Hold.
• Corporate insiders (including the CEO and COO) sold shares in February at roughly $8.53, totaling 138,035 shares (~$1.2M) in the past 90 days, even as several institutional investors increased positions and institutions now own about 20% of the stock.

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $23.59 and last traded at $23.0390, with a volume of 4351998 shares changing hands. The stock had previously closed at $21.56.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPIR. HC Wainwright reissued a "buy" rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. iA Financial set a $9.00 price objective on Spire Global in a research note on Tuesday, December 23rd. Stifel Nicolaus upped their price target on shares of Spire Global from $14.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Alliance Global Partners downgraded Spire Global from a "buy" rating to a "neutral" rating and lowered their price target for the company from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Finally, Wall Street Zen downgraded Spire Global from a "hold" rating to a "strong sell" rating in a research report on Sunday, December 21st. 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 MarketBeat.com, Spire Global has a consensus rating of "Moderate Buy" and a consensus price target of $14.67.

Spire Global Stock Performance

The company has a 50-day simple moving average of $11.74 and a 200 day simple moving average of $10.67. The company has a market capitalization of $771.81 million, a P/E ratio of 14.58 and a beta of 2.23.

Insiders Place Their Bets

In other news, COO Perez Celia Pelez sold 19,134 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $163,213.02. Following the sale, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Theresa Condor sold 41,712 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 138,035 shares of company stock valued at $1,201,154. Corporate insiders own 14.68% of the company's stock.

Institutional Trading of Spire Global

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

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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