Spotify Technology (NYSE:SPOT) Director Sven Hans Martin Lorentzon Sells 35,380 Shares of Stock

Spotify Technology (NYSE:SPOT) Director Sven Hans Martin Lorentzon sold 35,380 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total value of $18,600,327.40. Following the completion of the sale, the director owned 6,383 shares of the company’s stock, valued at $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Spotify Technology Stock Down 3.2%

NYSE SPOT opened at $512.54 on Thursday. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 1.28 and a beta of 1.55. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The stock has a fifty day simple moving average of $480.04 and a 200 day simple moving average of $520.86.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.23 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Spotify Technology’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts expect that Spotify Technology will post 14.86 earnings per share for the current fiscal year.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify unveiled several new AI and audio features, including narrated magazine articles, podcast clips, and AI music/remix tools with artist revenue sharing, reinforcing its push to become a broader audio platform and potentially expand engagement and monetization. Article: Spotify now lets you ‘clip’ moments from your favorite podcast
• Positive Sentiment: Investor optimism was supported by Spotify’s 2030 growth targets and long-term monetization strategy, which helped fuel a bullish narrative around user growth and margin expansion. Article: Spotify Sets 2030 Growth Targets, Shares Rally
• Positive Sentiment: Cantor Fitzgerald raised its price target on Spotify, signaling improved valuation expectations even though the firm kept a neutral rating. Article: Spotify Technology price target raised by Cantor Fitzgerald
• Neutral Sentiment: Spotify’s expansion into narrated magazine articles and long-form audio content adds to its product lineup, but the immediate stock impact is unclear as investors assess adoption and monetization potential. Article: Spotify now lets you stream narrated magazine articles, too
• Negative Sentiment: Director Sven Hans Martin Lorentzon sold a large block of shares, and Director Thomas O. Staggs also reduced his stake, which can weigh on sentiment because insider selling is often viewed cautiously by investors. SEC filing for insider sale SEC filing for insider sale
• Negative Sentiment: A shareholder-law firm said it is investigating potential securities-law violations involving Spotify, creating legal overhang that may add uncertainty for the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark reduced their target price on Spotify Technology from $760.00 to $695.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group dropped their target price on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. UBS Group dropped their target price 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. Citizens Jmp boosted their target price on shares of Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a report on Friday, May 22nd. Finally, Arete Research upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 target price on the stock in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quadcap Wealth Management LLC increased its holdings in Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after purchasing an additional 16 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in 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 in the last quarter. Ameritas Advisory Services LLC increased its holdings in Spotify Technology by 7.9% during the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after purchasing an additional 19 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in Spotify Technology by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock worth $442,000 after purchasing an additional 19 shares in the last quarter. Finally, Petra Financial Advisors Inc. increased its holdings in Spotify Technology by 1.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock worth $1,144,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

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.