Spire Global (NYSE:SPIR) Trading 14.3% Higher - What's Next?

Key Points

• Spire Global stock jumped 14.3% on Friday, trading as high as $18.42 and closing near $18.46, with volume below its daily average.
• Analyst sentiment remains mixed but generally constructive: several firms have buy ratings or higher price targets, and the consensus view is Moderate Buy with an average target price of $15.17.
• Recent activity also showed insider selling by the chairman and COO, while hedge funds and other institutions have been increasing or adjusting their stakes in the company.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) was up 14.3% on Friday . The stock traded as high as $18.42 and last traded at $18.4550. Approximately 857,744 shares changed hands during trading, a decline of 29% from the average daily volume of 1,215,214 shares. The stock had previously closed at $16.14.

Wall Street Analyst Weigh In

SPIR has been the subject of several research reports. Canaccord Genuity Group set a $22.00 price target on shares of Spire Global and gave the company a "buy" rating in a research report on Friday, April 10th. Weiss Ratings upgraded Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, March 20th. Stifel Nicolaus raised their price target on Spire Global from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. HC Wainwright reiterated a "buy" rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded Spire Global from a "strong sell" rating to a "sell" rating in a report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Spire Global has a consensus rating of "Moderate Buy" and an average target price of $15.17.

Spire Global Stock Performance

The company's fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $11.28. The company has a market capitalization of $618.70 million, a price-to-earnings ratio of 11.60 and a beta of 2.42.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 58,428 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84. Following the completion of the sale, the chairman owned 1,693,603 shares of the company's stock, valued at $14,446,433.59. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Perez Celia Pelez sold 19,134 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $163,213.02. Following the transaction, the chief operating officer owned 267,776 shares of the company's stock, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 138,033 shares of company stock valued at $1,219,760. Corporate insiders own 13.04% of the company's stock.

Hedge Funds Weigh In On Spire Global

Several hedge funds have recently modified their holdings of the company. Lane Generational LLC grew its stake in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company's stock worth $5,589,000 after purchasing an additional 214,532 shares during the last quarter. State Street Corp grew its stake in shares of Spire Global by 1.4% in the 4th quarter. State Street Corp now owns 528,164 shares of the company's stock valued at $3,961,000 after buying an additional 7,253 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company's stock worth $3,934,000 after purchasing an additional 129,990 shares during the last quarter. AWM Investment Company Inc. raised its stake in shares of Spire Global by 25.7% in the 4th 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 in the last quarter. Finally, Marshall Wace LLP lifted its position in Spire Global by 58.0% during the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company's stock worth $3,206,000 after acquiring an additional 98,925 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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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