Spire Global (SPIR) Projected to Post Earnings on Wednesday

Spire Global (NYSE:SPIR - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect Spire Global to post earnings of ($0.68) per share and revenue of $20.34 million for the quarter.

Spire Global Stock Up 5.0%

SPIR stock traded up $0.50 during trading on Wednesday, reaching $10.46. The company's stock had a trading volume of 706,243 shares, compared to its average volume of 494,867. The company has a market capitalization of $323.91 million, a P/E ratio of -3.01 and a beta of 2.39. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The company's fifty day moving average is $9.09 and its 200-day moving average is $12.40.

Insiders Place Their Bets

In other news, CAO Boyd C. Johnson sold 11,304 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Peter Platzer sold 27,293 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the completion of the sale, the chairman now owns 1,588,609 shares of the company's stock, valued at $14,742,291.52. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 295,314 shares of company stock worth $3,069,869 over the last three months. Company insiders own 17.11% of the company's stock.

Wall Street Analysts Forecast Growth

SPIR has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Robert W. Baird lowered their target price on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus lowered their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.80.

About Spire Global

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.