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

Spire Global (NYSE:SPIR) is projected 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 Stock Performance

Shares of SPIR stock opened at $9.09 on Tuesday. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm has a market capitalization of $233.93 million, a price-to-earnings ratio of -2.61 and a beta of 2.34. The stock’s 50-day simple moving average is $14.12 and its 200-day simple moving average is $12.55.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Canaccord Genuity Group dropped their target price on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.30.

Insider Activity at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Theresa Condor sold 17,979 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares in the company, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 240,457 shares of company stock worth $2,580,366 over the last quarter. 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.