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

Spire Global (NYSE:SPIR) is expected to announce its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of ($0.92) per share and revenue of $24.28 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Spire Global Price Performance

Spire Global stock opened at $9.09 on Tuesday. The stock has a market cap of $233.93 million, a P/E ratio of -2.61 and a beta of 2.34. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The firm’s 50 day moving average price is $14.12 and its 200-day moving average price is $12.55.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPIR shares. Canaccord Genuity Group cut their target price on shares of Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday. Robert W. Baird raised their target price on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Spire Global currently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,694,757 shares in the company, valued at $17,591,577.66. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction dated 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 sale, the chief accounting officer now owns 300,304 shares of the company’s stock, valued at $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 240,457 shares of company stock worth $2,580,366 over the last three months. 17.11% of the stock is owned by corporate 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.