Spire Global (SPIR) to Release Earnings on Wednesday

Spire Global (NYSE:SPIR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect Spire Global to post earnings of ($0.92) per share and revenue of $24.28 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Spire Global Trading Down 6.8 %

Shares of SPIR stock traded down $0.62 on Tuesday, reaching $8.50. 477,042 shares of the company's stock were exchanged, compared to its average volume of 508,956. Spire Global has a 52 week low of $6.26 and a 52 week high of $21.43. The stock has a market capitalization of $218.62 million, a PE ratio of -2.44 and a beta of 2.34. The company's fifty day simple moving average is $14.12 and its 200 day simple moving average is $12.55.

Wall Street Analyst Weigh In

SPIR has been the subject of a number of research analyst reports. Robert W. Baird lifted 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, March 5th. Canaccord Genuity Group decreased their target price on Spire Global from $15.00 to $14.50 and set a "buy" rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Spire Global presently has an average rating of "Moderate Buy" and an average price target of $18.30.

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Insider Transactions at Spire Global

In related news, CEO Theresa Condor sold 17,979 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $202,623.33. Following the transaction, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. The trade was a 4.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Peter Platzer sold 145,600 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total value of $1,511,328.00. Following the transaction, the chairman now owns 1,694,757 shares in the company, valued at approximately $17,591,577.66. This trade represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,457 shares of company stock valued at $2,580,366. Corporate insiders own 17.11% of the company's stock.

About Spire Global

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.