Theresa Condor Sells 21,933 Shares of Spire Global (NYSE:SPIR) Stock

Key Points

• Theresa Condor, Spire Global's CEO, sold 21,933 shares at an average price of $11.44 under a pre-arranged Rule 10b5-1 plan for about $250,914 to cover tax withholding on vested awards, reducing her stake by ~2.0% to 1,074,973 shares (worth ~$12.3M).
• Spire shares traded sharply higher intraday to $21.45 on unusually heavy volume and option activity, but the stock has been volatile after a $70 million private placement (dilutive) and trimmed guidance, leaving analysts mixed with a consensus target of about $14.67.

Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 21,933 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $11.44, for a total transaction of $250,913.52. Following the completion of the transaction, the chief executive officer directly owned 1,074,973 shares in the company, valued at $12,297,691.12. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Theresa Condor also recently made the following trade(s):

• On Wednesday, January 21st, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.10, for a total transaction of $14,532.10.
• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $15,444.86.
• On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The stock was sold at an average price of $8.53, for a total transaction of $355,803.36.

Spire Global Stock Performance

Shares of NYSE SPIR traded up $3.53 during mid-day trading on Friday, reaching $21.45. The company had a trading volume of 6,214,090 shares, compared to its average volume of 1,517,140. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $21.56. The stock has a market capitalization of $718.71 million, a PE ratio of 13.58 and a beta of 2.23. The stock's 50 day moving average is $11.51 and its 200-day moving average is $10.61.

Analyst Upgrades and Downgrades

SPIR has been the topic of a number of research reports. Alliance Global Partners downgraded shares of Spire Global from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. HC Wainwright reaffirmed a "buy" rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Canaccord Genuity Group set a $22.00 price objective on shares of Spire Global and gave the stock a "buy" rating in a report on Friday. Stifel Nicolaus upped their price objective 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. Finally, Weiss Ratings upgraded shares of Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, March 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.67.

Institutional Investors Weigh In On Spire Global

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new stake in Spire Global in the fourth quarter worth $89,000. XTX Topco Ltd boosted its holdings in Spire Global by 26.8% in the fourth quarter. XTX Topco Ltd now owns 55,702 shares of the company's stock worth $418,000 after purchasing an additional 11,780 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Spire Global by 24.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company's stock worth $335,000 after purchasing an additional 8,635 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Spire Global in the fourth quarter worth $193,000. Finally, Engineers Gate Manager LP bought a new stake in Spire Global in the fourth quarter worth $154,000. 19.97% of the stock is currently owned by institutional investors.

Trending Headlines about Spire Global

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Unusually large call‑option buying (3,033 calls, ~+284% vs. typical daily volume) suggests bullish speculative flows or hedged buying that can amplify upward price moves.
• Positive Sentiment: Shares traded on significantly higher volume versus average (indicative of fresh buyer interest and short‑covering), supporting the intraday recovery.
• Neutral Sentiment: Analyst/coverage piece and product focus: expanded AI agriculture intelligence platform could be a longer‑term revenue catalyst, but timing and monetization are uncertain. Assessing Spire Global (SPIR) Valuation After Expanded AI Agriculture Intelligence Platform Launch
• Negative Sentiment: Spire announced a $70 million private placement to raise capital; the raise is dilutive and was the proximate cause of the initial selloff. Spire Global Announces $70.0 Million Private Placement
• Negative Sentiment: Market headlines emphasized the dilutive raise and drove sharp downside pressure shortly after the announcement. Spire Global Shares Sink on $70 Million Private Placement Spire Global stock tumbles 20% on dilutive private placement Spire Global to raise $70 million in private placement
• Negative Sentiment: Guidance was trimmed: FY‑2026 EPS and revenue ranges imply slightly worse EPS vs. consensus and a revenue midpoint roughly in line to below expectations; Q1 revenue and EPS guidance are notably below consensus — a clear short‑term headwind.

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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