Spire Global (NYSE:SPIR) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen moved Spire Global from a "strong sell" to a "sell", while overall analyst coverage is mixed (three Buy, three Hold) with an average rating of Moderate Buy and an average price target of $14.67.
• Insiders have been selling: CEO Theresa Condor and Chairman Peter Platzer sold shares on Feb. 20, part of 138,033 shares (~$1.22M) sold by insiders last quarter, and insiders still own 14.68% of the company.
• SPIR opened at $16.50 (down ~6%), with a market cap of $553 million, a trailing P/E of 10.44, and a 52‑week range of $6.60–$23.59.

Spire Global (NYSE:SPIR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, March 20th. Stifel Nicolaus lifted their target price on shares of Spire Global from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, March 19th. Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the stock a "buy" rating in a report on Friday, April 10th. Finally, HC Wainwright reiterated a "buy" rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Spire Global presently has an average rating of "Moderate Buy" and an average price target of $14.67.

Spire Global Trading Down 6.0%

SPIR stock opened at $16.50 on Friday. Spire Global has a 1 year low of $6.60 and a 1 year high of $23.59. The company has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $11.13. The firm has a market cap of $553.11 million, a PE ratio of 10.44 and a beta of 2.23.

Insider Activity

In related news, CEO Theresa Condor sold 41,712 shares of Spire Global stock in a transaction 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 transaction, the chief executive officer owned 1,116,581 shares in the company, valued at $9,524,435.93. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter Platzer sold 58,428 shares of Spire Global stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $498,390.84. Following the completion of the transaction, the chairman owned 1,693,603 shares in the company, valued at $14,446,433.59. This trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 138,033 shares of company stock worth $1,219,760. Insiders own 14.68% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. ARS Investment Partners LLC increased its holdings in shares of Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company's stock worth $396,000 after purchasing an additional 785 shares during the period. Atlantic Private Wealth LLC increased its holdings in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company's stock worth $33,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after purchasing an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Spire Global by 12.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company's stock worth $179,000 after purchasing an additional 1,695 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after purchasing an additional 1,699 shares during the period. Institutional investors own 19.97% of the company's stock.

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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