Spire Global (SPIR) to Release Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) is projected to issue its quarterly earnings data 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. Parties interested in listening to the company’s conference call can do so using this link.

Spire Global Stock Performance

Shares of Spire Global stock opened at $8.61 on Monday. The firm has a market cap of $221.45 million, a PE ratio of -2.47 and a beta of 2.34. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43. The business’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $12.54.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several recent analyst reports. Canaccord Genuity Group lowered their price target on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird upped their target price on Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

Insiders Place Their Bets

In other news, CAO Boyd C. Johnson sold 11,304 shares of the 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. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Peter Platzer sold 145,600 shares of the stock in a transaction dated Tuesday, March 4th. The shares were 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 of the company’s stock, valued at approximately $17,591,577.66. The trade was a 7.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 240,457 shares of company stock valued at $2,580,366 in the last 90 days. Corporate insiders own 17.11% of the company’s stock.

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.