1,118 Shares of Spotify Technology $SPOT Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new stake in Spotify Technology (NYSE:SPOT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,118 shares of the company’s stock, valued at approximately $588,000.

A number of other hedge funds have also modified their holdings of the business. Pin Oak Investment Advisors Inc. acquired a new position in shares of Spotify Technology during the 2nd quarter worth approximately $27,000. Portus Wealth Advisors LLC acquired a new stake in Spotify Technology during the 1st quarter valued at $32,000. Whipplewood Advisors LLC grew its holdings in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after buying an additional 55 shares during the last quarter. Palladiem LLC purchased a new position in Spotify Technology during the first quarter worth $34,000. Finally, Osbon Capital Management LLC purchased a new position in Spotify Technology during the fourth quarter worth $35,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares in the company, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock worth $35,762,410 over the last quarter. 0.40% of the stock is currently owned by company insiders.

More Spotify Technology News

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

• Positive Sentiment: Spotify’s premium subscription business remains resilient, while its audiobooks expansion and renewed Joe Rogan agreement could support engagement and diversify revenue beyond music streaming. Spotify expands audiobooks and renews Rogan agreement
• Positive Sentiment: Potential longer-term catalysts include AI-driven personalization, deeper listener insights, a new business selling Spotify’s internal software tools, and expanded Siri integration on iOS 27. These initiatives could improve discovery, retention and monetization. Spotify AI personalization analysis
• Neutral Sentiment: Spotify recently outperformed the broader market in one trading session, reflecting continued interest following its rally, although the move has not eliminated concerns about upcoming results. Why Spotify outpaced the stock market
• Neutral Sentiment: Chief Executive Gustav Söderström sold approximately $11.1 million of stock to cover tax withholding tied to vested equity awards. The transaction significantly reduced his direct holdings, but its stated tax-related purpose makes it less negative than a discretionary sale. Spotify CEO SEC filing
• Negative Sentiment: StoneX downgraded Spotify from Buy to Hold, citing limited near-term catalysts for revenue per user, rising payments to record labels and margin pressure. StoneX Spotify downgrade
• Negative Sentiment: Ad-supported growth remains sluggish, and forward revenue and earnings estimates are being revised lower. Management’s third-quarter guidance calls for approximately €5.0 billion in revenue and 305 million premium subscribers, while consensus expectations are also declining. Spotify downgrade ahead of third-quarter earnings
• Negative Sentiment: Analysts expect earnings to decline in the upcoming report, increasing the risk of disappointment after the stock’s rally. The premium valuation leaves less room for weaker growth or margin guidance.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group cut their price target on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday, October 5th. Rosenblatt Securities dropped their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Piper Sandler initiated coverage on Spotify Technology in a research report on Thursday, October 8th. They set a “neutral” rating and a $540.00 price objective for the company. Phillip Securities raised shares of Spotify Technology to a “buy” rating and set a $650.00 target price for the company in a research note on Tuesday, August 11th. Finally, Stonex Financia lowered shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $610.25.

Spotify Technology Price Performance

SPOT traded down $3.36 during trading on Friday, hitting $530.01. The company’s stock had a trading volume of 1,737,399 shares, compared to its average volume of 1,455,236. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $696.95. The stock has a market cap of $109.12 billion, a PE ratio of 33.00, a PEG ratio of 1.64 and a beta of 1.61. The firm’s 50 day moving average price is $522.14 and its 200-day moving average price is $495.59.

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

About Spotify Technology

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.