Spire Global Sees Unusually Large Options Volume (NYSE:SPIR)
by Tristan Rich · The Markets DailySpire Global, Inc. (NYSE:SPIR – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders purchased 3,033 call options on the company. This is an increase of approximately 284% compared to the average daily volume of 790 call options.
Insider Buying and Selling at Spire Global
In other Spire Global news, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the sale, the chief executive officer owned 1,116,581 shares of the company’s stock, valued at $9,524,435.93. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Perez Celia Pelez sold 19,134 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $163,213.02. Following the completion of the sale, the chief operating officer directly owned 267,776 shares of the company’s stock, valued at $2,284,129.28. This represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 122,276 shares of company stock valued at $1,056,013 in the last quarter. Company insiders own 14.68% of the company’s stock.
Hedge Funds Weigh In On Spire Global
A number of institutional investors have recently added to or reduced their stakes in the stock. Lane Generational LLC increased its position in Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares in the last quarter. State Street Corp increased its position in Spire Global by 1.4% during the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after purchasing an additional 7,253 shares in the last quarter. Stifel Financial Corp increased its position in Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares in the last quarter. AWM Investment Company Inc. increased its position in Spire Global by 25.7% during the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after purchasing an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Spire Global by 58.0% during the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after purchasing an additional 98,925 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SPIR has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of Spire Global from $10.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. HC Wainwright restated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.
Check Out Our Latest Research Report on SPIR
Spire Global Stock Down 12.0%
Shares of NYSE:SPIR traded down $2.46 during midday trading on Thursday, hitting $18.04. The stock had a trading volume of 4,888,458 shares, compared to its average volume of 861,067. The company’s 50-day moving average price is $11.20 and its 200-day moving average price is $10.49. The company has a market capitalization of $604.44 million, a P/E ratio of 11.41 and a beta of 2.23. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $20.50.
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.