Key Points
- CEO insider sale: Gustav Söderström sold 20,833 shares on May 5 under a pre-arranged Rule 10b5‑1 plan to cover tax withholding, receiving an average $430.72 per share for total proceeds of about $8.97 million and reducing his stake by 50.41% to 20,492 shares.
- Fundamentals and outlook: Spotify beat expectations on April 28 (EPS $4.04 vs. $3.41; revenue $5.25B), has supportive margins and multiple analyst upgrades (consensus "Moderate Buy," avg target ~$645.77), and is pushing AI-driven audio expansion—factors analysts view as upside despite legal overhang and the recent insider sale.
Spotify Technology (NYSE:SPOT - Get Free Report) CEO Gustav Soderstrom sold 20,833 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total value of $8,973,189.76. Following the sale, the chief executive officer owned 20,492 shares of the company's stock, valued at $8,826,314.24. The trade was a 50.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Gustav Soderstrom also recently made the following trade(s):
- On Wednesday, April 1st, Gustav Soderstrom sold 20,833 shares of Spotify Technology stock. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16.
Spotify Technology Stock Up 0.5%
Shares of SPOT opened at $427.51 on Friday. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The stock has a market cap of $88.01 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55. The firm's fifty day moving average is $496.76 and its two-hundred day moving average is $539.88.
Spotify Technology (NYSE:SPOT - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion during the quarter, compared to analysts' expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. As a group, research analysts anticipate that Spotify Technology will post 14.51 earnings per share for the current year.
Institutional Trading of Spotify Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in SPOT. State Street Corp grew its position in Spotify Technology by 1.9% in the fourth quarter. State Street Corp now owns 4,712,249 shares of the company's stock worth $2,736,450,000 after acquiring an additional 89,951 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Spotify Technology by 4.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company's stock worth $2,247,042,000 after purchasing an additional 149,479 shares during the period. Capital World Investors increased its position in shares of Spotify Technology by 4.9% during the 4th quarter. Capital World Investors now owns 2,863,821 shares of the company's stock worth $1,663,024,000 after purchasing an additional 133,108 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Spotify Technology by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,665,512 shares of the company's stock valued at $1,547,890,000 after buying an additional 62,887 shares during the period. Finally, Coatue Management LLC raised its holdings in Spotify Technology by 35.9% in the 4th quarter. Coatue Management LLC now owns 2,450,881 shares of the company's stock valued at $1,423,251,000 after buying an additional 647,708 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.
Trending Headlines about Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Spotify is expanding its AI features — the interactive AI DJ now supports French, German, Italian and Brazilian Portuguese, widening the feature’s addressable audience and engagement potential outside English/Spanish markets. Spotify's AI DJ now supports French, German, Italian and Brazilian Portuguese
- Positive Sentiment: Management is publicly pursuing AI-driven audio growth — Spotify is positioning itself as a hub for AI-generated personal audio, which could create new monetization and content-differentiation paths if adoption scales. Spotify wants to become the home for AI-generated personal audio
- Positive Sentiment: Analysts remain broadly constructive — multiple recent write-ups highlight large upside from current levels (analyst consensus shows many Buy ratings and material modeled upside), supporting upside expectations. Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before The Next Bull Run?
- Positive Sentiment: Underlying fundamentals remain supportive — the company recently reported an earnings beat and solid margin metrics, which underpins bullish analyst forecasts and helps explain the stock’s positive move today.
- Neutral Sentiment: Partnership noise — coverage of a Peloton earnings beat referenced a Spotify partnership; this could be incremental distribution/engagement but is not yet a clear revenue driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
- Neutral Sentiment: Heightened investor attention — Zacks and other outlets note increased searches and coverage on SPOT; attention can amplify moves but doesn’t on its own change fundamentals. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
- Negative Sentiment: Insider sale — CEO Gustav Söderström sold 20,833 shares under a pre-arranged 10b5-1 plan to cover tax withholding from vesting awards; markets often react negatively to large insider sales despite tax or plan-related context. Insider sale by Gustav Söderström
- Negative Sentiment: Investor litigation risk — Pomerantz has opened an investor investigation into Spotify, which adds legal/regulatory overhang until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. - SPOT
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Spotify Technology from $750.00 to $720.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Pivotal Research dropped their price target on Spotify Technology from $420.00 to $400.00 and set a "hold" rating for the company in a research report on Wednesday, April 29th. Weiss Ratings upgraded Spotify Technology from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. Arete Research upgraded Spotify Technology from a "neutral" rating to a "buy" rating and set a $586.00 price objective on the stock in a research report on Thursday, February 26th. Finally, Citigroup upgraded Spotify Technology from a "neutral" rating to a "buy" rating and set a $650.00 target price for the company in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $645.77.
Read Our Latest Stock Analysis on SPOT
About Spotify Technology
(
Get Free Report)
Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.
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