Spotify Technology (NYSE:SPOT) Director Christopher Marshall Sells 2,650 Shares

Spotify Technology (NYSE:SPOT) Director Christopher Marshall sold 2,650 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the transaction, the director directly owned 4,039 shares of the company’s stock, valued at approximately $2,099,714.54. This represents a 39.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $515.55 on Friday. The firm has a fifty day moving average price of $479.86 and a two-hundred day moving average price of $520.14. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The company has a market cap of $106.14 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 1.25 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. Equities research analysts expect that Spotify Technology will post 14.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPOT. Quadcap Wealth Management LLC raised its position in Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after purchasing an additional 16 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after purchasing an additional 18 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Spotify Technology by 7.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after purchasing an additional 19 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Spotify Technology by 3.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock valued at $442,000 after purchasing an additional 19 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in shares of Spotify Technology by 1.2% in the 3rd quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock valued at $1,144,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify’s AI remix and cover feature, along with artist revenue sharing, could open a new premium monetization stream while making the platform more attractive to users and music partners. Article: Why Spotify Technology (SPOT) Is Up 5.5% After Launching Paid AI Remixes And Superfan Tools
• Positive Sentiment: The launch of “Reserved by Spotify” with Live Nation gives superfans early access to concert tickets, which may deepen loyalty and improve subscription value. Article: Spotify Tests Superfan Tickets And Narrated Articles To Deepen Engagement
• Positive Sentiment: Spotify is also expanding narrated long-form Articles and podcast clipping tools, broadening its audio ecosystem and potentially increasing time spent in-app. Article: Spotify now lets you ‘clip’ moments from your favorite podcast
• Neutral Sentiment: Analyst commentary remains mixed-to-positive, with recent price-target raises helping sentiment, but ratings are still broadly cautious rather than outright bullish. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
• Negative Sentiment: Recent insider selling by multiple directors, including Thomas Staggs and Sven Hans Martin Lorentzon, may create some caution around the stock. SEC filing for insider sale SEC filing for insider sale
• Negative Sentiment: A shareholder law firm said it is investigating possible securities-law issues at Spotify, which adds legal overhang for investors. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Daiwa Securities Group initiated coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They set an “outperform” rating and a $535.00 target price for the company. The Goldman Sachs Group dropped their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citizens Jmp lifted their price target on Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research note on Friday, May 22nd. Guggenheim dropped their price target on Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, UBS Group dropped their price target on Spotify Technology from $760.00 to $735.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Spotify Technology Company Profile

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.