Spire Global (NYSE:SPIR) CEO Sells $21,972.00 in Stock
by Doug Wharley · The Cerbat GemSpire Global, Inc. (NYSE:SPIR – Get Free Report) CEO Theresa Condor sold 1,200 shares of Spire Global stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $18.31, for a total value of $21,972.00. Following the sale, the chief executive officer directly owned 988,314 shares in the company, valued at $18,096,029.34. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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 value of $15,444.86.
- On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total value of $355,803.36.
Spire Global Trading Down 2.6%
NYSE:SPIR traded down $0.48 during mid-day trading on Wednesday, hitting $18.26. 2,169,397 shares of the company’s stock were exchanged, compared to its average volume of 1,207,375. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $23.59. The firm has a market capitalization of $612.29 million, a P/E ratio of 11.56 and a beta of 2.23. The company has a 50 day simple moving average of $12.86 and a 200-day simple moving average of $11.01.
Institutional Investors Weigh In On Spire Global
A number of institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in Spire Global during the third quarter worth $396,000. Tower Research Capital LLC TRC lifted its holdings in Spire Global by 71.2% in the second 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 period. BNP Paribas Financial Markets boosted its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Spire Global during the 3rd quarter worth about $25,000. Finally, Osaic Holdings Inc. acquired a new stake in Spire Global during the 2nd quarter worth about $25,000. 19.97% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on SPIR shares. Canaccord Genuity Group set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Friday, April 10th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Stifel Nicolaus lifted their target price on Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. HC Wainwright reissued 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. Finally, Alliance Global Partners downgraded Spire Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.67.
View Our Latest Stock Report on SPIR
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.