Spire Global (SPIR) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Spire Global (SPIR) is expected to announce its quarterly earnings on September 2nd, with analysts predicting a loss of ($0.45) per share and revenue of $18.445 million.
• Recently, insider trading has been noted, with Director Stephen Messer and Chairman Peter Platzer selling shares, collectively reducing their holdings significantly.
• Robert W. Baird has upgraded Spire Global's price target from $11.00 to $13.00, while the stock has received an average rating of "Moderate Buy" from analysts.

Spire Global (NYSE:SPIR - Get Free Report) is expected to be issuing its results after the market closes on Tuesday, September 2nd. Analysts expect the company to announce earnings of ($0.45) per share and revenue of $18.4450 million for the quarter.

Spire Global Trading Down 0.3%

Shares of SPIR opened at $9.12 on Thursday. The business's 50-day moving average price is $10.54 and its 200 day moving average price is $10.36. The stock has a market capitalization of $283.36 million, a P/E ratio of -2.62 and a beta of 2.38. Spire Global has a 1-year low of $6.85 and a 1-year high of $21.43.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.20.

Insider Transactions at Spire Global

In other Spire Global news, Director Stephen Messer sold 16,660 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the sale, the director directly owned 82,062 shares in the company, valued at approximately $890,372.70. This trade represents a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Peter Platzer sold 20,799 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.92, for a total value of $227,125.08. Following the sale, the chairman owned 1,593,400 shares of the company's stock, valued at $17,399,928. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,557 shares of company stock valued at $2,259,464 over the last 90 days. Corporate insiders own 14.68% of the company's stock.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently bought and sold shares of SPIR. BNP Paribas Financial Markets boosted its position in 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 acquiring an additional 1,260 shares during the period. Tower Research Capital LLC TRC lifted 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 valued at $49,000 after buying an additional 1,699 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company's stock valued at $150,000 after buying an additional 2,062 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $179,000 after buying an additional 1,695 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Spire Global by 78.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company's stock valued at $228,000 after buying an additional 8,395 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.

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