Clear Street Group Inc. Invests $927,000 in Spotify Technology $SPOT

Clear Street Group Inc. purchased a new position in Spotify Technology (NYSE:SPOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,596 shares of the company’s stock, valued at approximately $927,000.

Several other large investors also recently added to or reduced their stakes in SPOT. KERR FINANCIAL PLANNING Corp acquired a new position in Spotify Technology during the third quarter valued at $26,000. JPL Wealth Management LLC purchased a new position in shares of Spotify Technology during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Spotify Technology during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB increased its stake in shares of Spotify Technology by 85.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock worth $38,000 after acquiring an additional 30 shares during the last quarter. Finally, Kozak & Associates Inc. increased its stake in shares of Spotify Technology by 1,700.0% in the fourth quarter. Kozak & Associates Inc. now owns 72 shares of the company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPOT has been the topic of several recent research reports. Barclays raised their price objective on shares of Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Wells Fargo & Company increased their target price on Spotify Technology from $580.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. KeyCorp decreased their price target on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Daiwa Securities Group began coverage on Spotify Technology in a research report on Thursday, March 26th. They set an “outperform” rating and a $535.00 price objective on the stock. Finally, Cantor Fitzgerald upped their target price on Spotify Technology from $430.00 to $520.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $655.92.

Insider Activity at Spotify Technology

In related news, Director Thomas O. Staggs sold 5,477 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the completion of the sale, the director owned 3,619 shares of the company’s stock, valued at $1,903,594. This trade represents a 60.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at $3,355,734.59. This trade represents a 84.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 111,442 shares of company stock valued at $54,647,508 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Spotify Technology Stock Down 0.3%

Shares of Spotify Technology stock opened at $480.77 on Monday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The company has a 50-day simple moving average of $482.76 and a 200 day simple moving average of $510.35. The stock has a market capitalization of $98.98 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.Spotify Technology’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts anticipate that Spotify Technology will post 14.71 earnings per share for the current 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.