Spire Global (SPIR) to Release Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) will likely be announcing 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 Trading Down 3.0 %

SPIR opened at $8.61 on Monday. Spire Global has a 1-year low of $6.26 and a 1-year high of $21.43. The stock has a market capitalization of $221.45 million, a price-to-earnings ratio of -2.47 and a beta of 2.34. The business has a 50 day moving average of $14.24 and a 200-day moving average of $12.54.

Insider Buying and Selling

In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the transaction, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter Platzer sold 51,346 shares of the firm’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 $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 240,457 shares of company stock worth $2,580,366 over the last three months. 17.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SPIR shares. Robert W. Baird increased their price objective 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 reduced 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

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.