Spire Global (SPIR) Projected to Post Earnings on Wednesday

Spire Global (NYSE:SPIR) is projected to release its earnings data 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.

Spire Global Stock Performance

Shares of SPIR opened at $8.61 on Friday. The stock has a fifty day moving average price of $14.24 and a two-hundred day moving average price of $12.48. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43. The company has a market cap of $221.45 million, a price-to-earnings ratio of -2.47 and a beta of 2.34.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Canaccord Genuity Group cut their price target on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and an average target price of $18.30.

Insider Activity

In related news, CAO Boyd C. Johnson sold 11,304 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 value of $127,396.08. Following the completion of the sale, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Peter Platzer sold 51,346 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $578,669.42. Following the completion of the sale, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,457 shares of company stock valued at $2,580,366 over the last 90 days. 17.11% of the stock is owned by company insiders.

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.