Spire Global (NYSE:SPIR) Stock Price Down 6.3% - What's Next?

Key Points

• Spire Global shares fell 6.3% to $16.44 on Friday (intraday low $16.42), with trading volume about 52% below the stock's average daily volume.
• Analysts are split—three Buys and three Holds—with a consensus rating of Moderate Buy but a consensus price target of $14.67 (individual targets range up to $22), showing mixed outlooks relative to the current price.
• Insiders have been reducing positions recently (CEO sold 41,712 shares and COO sold 19,134 shares at about $8.53), with insiders owning 14.68% and institutional investors ~19.97% of the stock.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) dropped 6.3% on Friday . The company traded as low as $16.42 and last traded at $16.4380. Approximately 584,086 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,205,791 shares. The stock had previously closed at $17.54.

Analyst Upgrades and Downgrades

SPIR has been the topic of a number of research reports. Canaccord Genuity Group set a $22.00 price target on shares of Spire Global and gave the stock a "buy" rating in a research note on Friday, April 10th. Stifel Nicolaus increased their target price on shares of Spire Global from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. 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. Finally, HC Wainwright reissued a "buy" rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.67.

Spire Global Stock Down 4.9%

The company has a market capitalization of $559.08 million, a price-to-earnings ratio of 10.52 and a beta of 2.23. The company has a 50-day moving average price of $13.21 and a 200-day moving average price of $11.10.

Insiders Place Their Bets

In other news, CEO Theresa Condor sold 41,712 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer directly owned 1,116,581 shares of the company's stock, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Perez Celia Pelez sold 19,134 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $163,213.02. Following the completion of the sale, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. This represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 138,033 shares of company stock valued at $1,219,760. 14.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Spire Global

Several hedge funds and other institutional investors have recently made changes to their positions in SPIR. Osaic Holdings Inc. acquired a new stake in Spire Global during the second quarter worth about $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global during the third quarter worth about $25,000. Atlantic Private Wealth LLC grew its position in Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company's stock worth $33,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in Spire Global during the fourth quarter worth about $44,000. 19.97% of the stock is owned by institutional investors and hedge funds.

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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