Spire Global (NYSE:SPIR) Shares Gap Down on Disappointing Earnings

Key Points

• Spire Global shares fell 3.4% in premarket trading, opening at $13.17 versus a prior close of $14.74 after the company reported disappointing results.
• The company posted quarterly EPS of -$0.31, missing the consensus estimate of -$0.26, while revenue of $18.05 million also came in below the $18.53 million forecast. Full-year 2026 guidance was set at -$0.95 to -$0.81 EPS.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $16.70, although insiders sold $997,503 of stock during the last quarter.

Spire Global, Inc. (NYSE:SPIR - Get Free Report)'s stock price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $14.74, but opened at $13.17. Spire Global shares last traded at $14.2250, with a volume of 132,397 shares trading hands.

The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.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.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen cut Spire Global from a "sell" rating to a "strong sell" rating in a report on Saturday, July 18th. Weiss Ratings upgraded Spire Global from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 29th. Alliance Global Partners reaffirmed a "neutral" rating on shares of Spire Global in a research report on Thursday, May 14th. Benchmark reaffirmed a "buy" rating on shares of Spire Global in a report on Monday, August 3rd. Finally, Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the company a "buy" rating in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.70.

Insiders Place Their Bets

In related news, COO Perez Celia Pelez sold 4,660 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $88,866.20. Following the completion of the transaction, the chief operating officer owned 263,116 shares of the company's stock, valued at approximately $5,017,622.12. This trade represents a 1.74% decrease in their position. The transaction 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. Also, CEO Theresa Condor sold 24,644 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $469,961.08. Following the transaction, the chief executive officer owned 963,670 shares in the company, valued at approximately $18,377,186.90. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 52,297 shares of company stock worth $997,503 in the last quarter. Corporate insiders own 13.04% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. purchased a new stake in Spire Global in the 2nd quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Spire Global during the 3rd quarter valued at about $25,000. BNP Paribas Financial Markets grew its stake in Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock valued at $33,000 after acquiring an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Spire Global by 71.2% in the 2nd 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 during the period. Finally, Leonteq Securities AG acquired a new position in shares of Spire Global in the 4th quarter valued at about $44,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Stock Down 3.4%

The business's 50-day moving average price is $15.25 and its 200-day moving average price is $14.88. The firm has a market capitalization of $551.19 million, a PE ratio of 9.07 and a beta of 2.55.

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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