Spire Global (NYSE:SPIR) Shares Gap Up – Still a Buy?

29 Jun 2026, 16:21 by Sarita Garza · The Markets Daily

Spire Global, Inc. (NYSE:SPIR – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $16.29, but opened at $17.19. Spire Global shares last traded at $16.9830, with a volume of 162,215 shares traded.

Analyst Ratings Changes

Several analysts recently commented on SPIR shares. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Stifel Nicolaus set a $24.00 price objective on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.70.

Read Our Latest Report on Spire Global

Spire Global Trading Up 4.4%

The stock’s 50-day moving average is $18.73 and its 200-day moving average is $13.81. The stock has a market cap of $658.07 million, a price-to-earnings ratio of 10.83 and a beta of 2.48.

Spire Global (NYSE:SPIR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. On average, equities analysts predict that Spire Global, Inc. will post -1.35 earnings per share for the current fiscal year.

Insider Activity

In other Spire Global news, CEO Theresa Condor sold 24,644 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $469,961.08. Following the transaction, the chief executive officer owned 963,670 shares in the company, valued at $18,377,186.90. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Peter Platzer sold 7,184 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the sale, the chairman directly owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. The trade was a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 55,297 shares of company stock worth $1,052,433 in the last quarter. Insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. Lane Generational LLC lifted its stake in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after acquiring an additional 214,532 shares in the last quarter. Stifel Financial Corp boosted its stake in Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after acquiring an additional 129,990 shares during the last quarter. DNB Asset Management AS bought a new position in Spire Global during the 4th quarter valued at $933,000. Raymond James Financial Inc. grew its holdings in Spire Global by 210.0% during the 2nd quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock worth $2,046,000 after acquiring an additional 116,488 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Spire Global during the 2nd quarter worth $1,375,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Company Profile

(Get Free Report)

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.