Spire Global (SPIR) Projected to Post Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR - Get Free Report) is expected to release its Q3 2024 earnings data before the market opens on Wednesday, March 5th. Analysts expect Spire Global to post earnings of ($0.09) per share and revenue of $30.17 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Spire Global Trading Up 1.5 %

Shares of NYSE:SPIR traded up $0.17 during mid-day trading on Thursday, reaching $11.26. The stock had a trading volume of 228,880 shares, compared to its average volume of 702,867. The business's 50 day moving average price is $14.92 and its 200 day moving average price is $12.41. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The company has a market cap of $273.70 million, a P/E ratio of -3.21 and a beta of 2.27.

Insider Buying and Selling at Spire Global

In related news, CAO Boyd C. Johnson sold 11,304 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the transaction, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Theresa Condor sold 17,979 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $202,623.33. Following the completion of the transaction, the chief executive officer now owns 359,173 shares of the company's stock, valued at approximately $4,047,879.71. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,457 shares of company stock worth $2,580,366. 17.11% of the stock is currently owned by insiders.

Remove Ads

Analyst Ratings Changes

SPIR has been the topic of several analyst reports. Robert W. Baird boosted their target price on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday. Canaccord Genuity Group increased their target price on shares of Spire Global from $11.50 to $15.00 and gave the company a "buy" rating in a research note on Wednesday. Craig Hallum raised shares of Spire Global from a "hold" rating to a "buy" rating and lifted their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners increased their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.40.

Spire Global Company Profile

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.