DSM Capital Partners LLC Raises Stock Position in Spotify Technology $SPOT

DSM Capital Partners LLC grew its position in Spotify Technology (NYSE:SPOT) by 4,336.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 144,331 shares of the company’s stock after purchasing an additional 141,078 shares during the period. Spotify Technology accounts for 1.2% of DSM Capital Partners LLC’s holdings, making the stock its 22nd largest position. DSM Capital Partners LLC’s holdings in Spotify Technology were worth $69,987,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Quadcap Wealth Management LLC increased its stake in Spotify Technology by 5.7% during the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after acquiring an additional 16 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after purchasing an additional 18 shares during the period. Modern Wealth Management LLC increased its position in shares of Spotify Technology by 7.4% during the 3rd quarter. Modern Wealth Management LLC now owns 289 shares of the company’s stock worth $202,000 after purchasing an additional 20 shares during the last quarter. Objectivity Squared LLC raised its holdings in Spotify Technology by 0.8% in the 4th quarter. Objectivity Squared LLC now owns 2,582 shares of the company’s stock valued at $1,499,000 after buying an additional 20 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Spotify Technology by 1.4% in the 4th quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock valued at $968,000 after buying an additional 23 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

More Spotify Technology News

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

• Positive Sentiment: Spotify updated its song-mixing feature with new customization tools, which could improve user engagement and strengthen the platform’s appeal. Spotify updates its song-mixing feature with new customization tools
• Positive Sentiment: Recent articles highlighted Spotify as a potentially attractive value or buy idea versus peers, reflecting continued bullish analyst interest in Spotify Technology (SPOT). XYZ vs. SPOT: Which Stock Is the Better Value Option?
• Neutral Sentiment: Two company executives sold shares on July 6, but the filings say the sales were made to cover tax withholding tied to vested equity awards, which typically limits the negative signal. SEC Form 4 filing for Gustav Soderstrom
• Neutral Sentiment: Another piece framed Spotify as having gained while the market dipped, suggesting relative strength in recent trading, but it was largely a recap rather than a new catalyst. Spotify (SPOT) Gains As Market Dips: What You Should Know
• Negative Sentiment: Spotify pushed back against prediction markets Kalshi and Polymarket after finding artificial streaming activity linked to betting on its music charts, raising concerns about platform integrity and reputational risk. Prediction Markets Face Spotify Pushback After $3 Million Kalshi Bet

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of recent analyst reports. Pivotal Research dropped their price target on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. UBS Group decreased their price objective on shares of Spotify Technology from $760.00 to $735.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Benchmark lowered their price objective on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Daiwa Securities Group initiated coverage on shares of Spotify Technology in a report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 target price for the company. Finally, Barclays boosted their target price on Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $641.83.

Insiders Place Their Bets

In related news, Director Thomas O. Staggs sold 5,477 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were 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 owned 3,619 shares in the company, valued at approximately $1,903,594. The trade was a 60.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $478.45, for a total value of $9,967,548.85. Following the completion of the transaction, the chief executive officer directly owned 20,259 shares in the company, valued at $9,692,918.55. This trade represents a 50.70% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 111,442 shares of company stock worth $54,757,553. 0.40% of the stock is currently owned by insiders.

Spotify Technology Stock Performance

SPOT stock opened at $485.78 on Thursday. The company’s 50 day moving average price is $469.36 and its 200 day moving average price is $496.11. The firm has a market capitalization of $100.01 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 1.21 and a beta of 1.56. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $748.30.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that Spotify Technology will post 14.62 EPS for the current fiscal year.

About Spotify Technology

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.