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

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

Spotify Technology Trading Up 0.5%

NYSE SPOT opened at $515.55 on Friday. The company has a fifty day simple moving average of $479.86 and a 200 day simple moving average of $520.14. The company has a market cap of $106.14 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.25 and a beta of 1.55. Spotify Technology has a 1 year low of $405.00 and a 1 year 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 (EPS) 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%. Spotify Technology’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. Equities research analysts forecast that Spotify Technology will post 14.72 EPS for the current fiscal year.

Institutional Trading of Spotify Technology

A number of hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its holdings in Spotify Technology by 21.4% in the 1st quarter. Glenmede Trust Co. NA now owns 67,213 shares of the company’s stock valued at $32,592,000 after purchasing an additional 11,854 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Spotify Technology in the 1st quarter valued at $466,000. Western Wealth Management LLC bought a new stake in Spotify Technology in the 1st quarter valued at $187,000. Hamilton Wealth LLC boosted its holdings in Spotify Technology by 100.0% in the 1st quarter. Hamilton Wealth LLC now owns 1,568 shares of the company’s stock valued at $760,000 after purchasing an additional 784 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Spotify Technology by 20.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after purchasing an additional 286,844 shares during the period. 84.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPOT has been the subject of several recent analyst reports. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Pivotal Research decreased their price objective on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, April 29th. Benchmark reduced their price target on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Cantor Fitzgerald increased their price target on shares of Spotify Technology from $430.00 to $520.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify has rolled out several new audio features, including podcast clips, narrated magazine articles, and AI-powered music/remix tools with artist revenue sharing, which could boost user engagement and broaden monetization opportunities. Article: Spotify now lets you ‘clip’ moments from your favorite podcast
• Positive Sentiment: Recent coverage highlighted Spotify’s long-term 2030 growth targets and margin ambitions, reinforcing the bullish view that the company can keep expanding revenue and profitability. Article: Is Spotify (SPOT) the Best Steve Cohen Stock To Buy?
• Positive Sentiment: Analyst commentary has also been supportive, with Rosenblatt recently lifting its price target on SPOT to $534 while keeping a Neutral rating, which can still help investor sentiment. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
• Neutral Sentiment: Spotify’s addition of long-form article audio and other content formats expands its platform, but investors are still waiting to see whether these features materially improve subscriber growth or ad revenue. Article: Ninth Bonus Treasure in The Great Canadian Treasure Hunt Is Released in Saskatchewan
• Negative Sentiment: Multiple directors recently sold shares, including Thomas Staggs, Christopher Marshall, and Sven Lorentzon, which may pressure sentiment because insider selling is often viewed as a cautionary signal. SEC filing for insider sale
• Negative Sentiment: A shareholder law firm said it is investigating Spotify for possible securities-law violations, adding legal uncertainty that could weigh on the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

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.