Spotify Technology $SPOT Position Trimmed by Geneva Partners LLC

Geneva Partners LLC decreased its holdings in shares of Spotify Technology (NYSE:SPOT) by 71.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,564 shares of the company’s stock after selling 8,714 shares during the quarter. Geneva Partners LLC’s holdings in Spotify Technology were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional 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 valued at $206,000 after purchasing an additional 16 shares during the last quarter. Sage Mountain Advisors LLC grew its position in shares of Spotify Technology by 6.3% during the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock worth $201,000 after acquiring an additional 17 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after acquiring an additional 18 shares during the last quarter. Granite Group Advisors LLC grew its position in shares of Spotify Technology by 2.6% during the third quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock worth $528,000 after acquiring an additional 19 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of Spotify Technology by 7.9% during the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Insider Activity

In related news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $430.72, for a total value of $8,973,189.76. Following the completion of the sale, the chief executive officer owned 20,492 shares of the company’s stock, valued at $8,826,314.24. This represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,102 shares of company stock valued at $21,444,648 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Stock Up 0.5%

SPOT stock opened at $427.51 on Friday. The company has a market capitalization of $88.01 billion, a P/E ratio of 34.06, a PEG ratio of 1.05 and a beta of 1.55. The company has a 50-day simple moving average of $496.76 and a 200 day simple moving average of $539.88. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00.

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, topping the consensus estimate of $3.41 by $0.63. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. Equities analysts anticipate that Spotify Technology will post 14.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPOT shares. Guggenheim lowered their price target on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Sanford C. Bernstein lowered their price target on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research report on Wednesday, January 14th. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target for the company in a research report on Friday, January 30th. Finally, Cantor Fitzgerald lowered their price target on shares of Spotify Technology from $525.00 to $430.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average price target of $645.77.

More Spotify Technology News

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

• Positive Sentiment: Spotify is expanding its AI features — the interactive AI DJ now supports French, German, Italian and Brazilian Portuguese, widening the feature’s addressable audience and engagement potential outside English/Spanish markets. Spotify’s AI DJ now supports French, German, Italian and Brazilian Portuguese
• Positive Sentiment: Management is publicly pursuing AI-driven audio growth — Spotify is positioning itself as a hub for AI-generated personal audio, which could create new monetization and content-differentiation paths if adoption scales. Spotify wants to become the home for AI-generated personal audio
• Positive Sentiment: Analysts remain broadly constructive — multiple recent write-ups highlight large upside from current levels (analyst consensus shows many Buy ratings and material modeled upside), supporting upside expectations. ?Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before The Next Bull Run?
• Positive Sentiment: Underlying fundamentals remain supportive — the company recently reported an earnings beat and solid margin metrics, which underpins bullish analyst forecasts and helps explain the stock’s positive move today.
• Neutral Sentiment: Partnership noise — coverage of a Peloton earnings beat referenced a Spotify partnership; this could be incremental distribution/engagement but is not yet a clear revenue driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
• Neutral Sentiment: Heightened investor attention — Zacks and other outlets note increased searches and coverage on SPOT; attention can amplify moves but doesn’t on its own change fundamentals. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
• Negative Sentiment: Insider sale — CEO Gustav Söderström sold 20,833 shares under a pre-arranged 10b5-1 plan to cover tax withholding from vesting awards; markets often react negatively to large insider sales despite tax or plan-related context. Insider sale by Gustav Söderström
• Negative Sentiment: Investor litigation risk — Pomerantz has opened an investor investigation into Spotify, which adds legal/regulatory overhang until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. – SPOT

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.