Spotify Technology (NYSE:SPOT) CEO Gustav Soderstrom Sells 20,910 Shares of Stock

Spotify Technology (NYSE:SPOT) CEO Gustav Söderström sold 20,910 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares in the company, valued at $10,553,828.04. The trade was a 51.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Monday, September 14th, Gustav Söderström sold 20,913 shares of Spotify Technology stock. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47.
• On Monday, August 3rd, Gustav Söderström sold 20,833 shares of Spotify Technology stock. The shares were sold at an average price of $507.24, for a total value of $10,567,330.92.

Spotify Technology Trading Down 0.7%

NYSE SPOT traded down $3.45 on Wednesday, hitting $524.00. 1,446,241 shares of the company were exchanged, compared to its average volume of 2,202,385. The firm has a 50 day moving average of $519.39 and a two-hundred day moving average of $494.60. The company has a market cap of $107.88 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.63 and a beta of 1.61. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) EPS. Research analysts anticipate that Spotify Technology will post 13.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPOT. Guggenheim reissued a “buy” rating and issued a $565.00 price target on shares of Spotify Technology in a report on Wednesday, August 5th. Cantor Fitzgerald dropped their price objective on shares of Spotify Technology from $530.00 to $490.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group decreased their price objective on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Rosenblatt Securities decreased their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $610.25.

Institutional Investors Weigh In On Spotify Technology

Institutional investors have recently modified their holdings of the business. First Citizens Bank & Trust Co. lifted its holdings in Spotify Technology by 372.6% in the third quarter. First Citizens Bank & Trust Co. now owns 3,696 shares of the company’s stock valued at $1,801,000 after buying an additional 2,914 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Spotify Technology in the third quarter valued at approximately $318,000. Krilogy Financial LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $272,000. Bouvel Investment Partners LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $5,731,000. Finally, Sax Wealth Advisors LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $587,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Roundup

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify is expanding its audiobook business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music and improve user engagement. One analysis estimated the shares remained approximately 11% undervalued, although the valuation case is debated. Spotify Technology Expands Audiobooks and Renews Rogan
• Positive Sentiment: Spotify users on iOS 27 can now ask Siri to play content without saying “on Spotify,” reducing friction and potentially improving discovery and usage on Apple devices. Spotify Siri Integration on iOS 27
• Positive Sentiment: Spotify launched a business called Spotify Technology to commercialize internal software tools for other companies. The initiative could create a new revenue stream, though its financial contribution is not yet clear. Spotify Launches Spotify Technology Software Business
• Neutral Sentiment: Recent investment commentary highlights Spotify’s growth potential but notes that the stock has underperformed broader market benchmarks over the past six months. Analysts and investors remain divided over whether the company’s current valuation adequately reflects its profit outlook. Is Spotify a Good or Bad Investment?
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns that earnings growth may not justify Spotify’s premium valuation. Spotify Earnings Estimate Changes
• Negative Sentiment: A rollout of lossless audio is reportedly causing Spotify’s desktop app to malfunction for many users. Reliability problems could hurt customer satisfaction and temporarily undermine the benefit of the higher-quality audio feature. Lossless Audio Issues on Spotify Desktop
• Negative Sentiment: Another valuation analysis questioned whether Spotify’s roughly 39-times earnings multiple is too high after the shares lost about 24% over the past year, keeping valuation risk at the center of the investment debate. Spotify Stronger Profits but High Valuation

Spotify Technology Company Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.