Spire Global (SPIR) Expected to Announce Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) will likely be releasing its 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.

Spire Global Trading Up 1.2 %

NYSE SPIR opened at $11.28 on Wednesday. The stock has a market cap of $274.26 million, a P/E ratio of -3.24 and a beta of 2.27. The company’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $12.36. Spire Global has a 52 week low of $6.26 and a 52 week high of $21.43.

Wall Street Analysts Forecast Growth

SPIR has been the topic of a number of research reports. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Robert W. Baird increased their target price on shares of Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Alliance Global Partners increased their target price on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Insider Buying and Selling

In other news, Chairman Peter Platzer sold 51,346 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was 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 directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global 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 of the company’s stock, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,857 shares of company stock valued at $1,069,038 over the last ninety days. 17.11% of the stock is owned by company insiders.

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.