Knollwood Investment Advisory LLC Decreases Stock Position in Spotify Technology $SPOT

Knollwood Investment Advisory LLC reduced its position in Spotify Technology (NYSE:SPOT) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,079 shares of the company’s stock after selling 1,369 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Spotify Technology were worth $4,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Clear Street Group Inc. purchased a new position in shares of Spotify Technology in the fourth quarter valued at $927,000. Dockside LLC purchased a new position in shares of Spotify Technology in the fourth quarter valued at $896,000. Entropy Technologies LP purchased a new position in shares of Spotify Technology in the fourth quarter valued at $6,399,000. Evelyn Partners Investment Management LLP grew its position in shares of Spotify Technology by 4.8% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 2,171 shares of the company’s stock valued at $1,261,000 after purchasing an additional 100 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Spotify Technology by 33.2% in the fourth quarter. Brown Advisory Inc. now owns 834,718 shares of the company’s stock valued at $484,744,000 after purchasing an additional 207,902 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Spotify Technology

In related news, Director Thomas O. Staggs sold 5,477 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the completion of the transaction, the director directly owned 3,619 shares in the company, valued at $1,903,594. The trade was a 60.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $525.73, for a total value of $18,600,327.40. Following the transaction, the director owned 6,383 shares of the company’s stock, valued at approximately $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 111,442 shares of company stock valued at $54,647,508 over the last 90 days. Insiders own 0.40% of the company’s stock.

More Spotify Technology News

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Spotify Technology Stock Down 1.1%

Spotify Technology stock opened at $480.77 on Friday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The business has a 50-day simple moving average of $482.76 and a 200 day simple moving average of $510.88. The stock has a market cap of $98.98 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.18 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Spotify Technology will post 14.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Spotify Technology from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Pivotal Research reduced 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. Canaccord Genuity Group reduced their price target on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. KeyCorp reduced their price target on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reduced their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two equities research 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.