Spotify Technology (NYSE:SPOT) CEO Gustav Soderstrom Sells 20,910 Shares of Stock

Spotify Technology (NYSE:SPOT) CEO Gustav Söderström sold 20,910 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $599.37, for a total value of $12,532,826.70. Following the completion of the sale, the chief executive officer owned 19,792 shares in the company, valued at approximately $11,862,731.04. The trade was a 51.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gustav Soderstrom also recently made the following trade(s):

• On Monday, October 12th, Gustav Söderström sold 20,910 shares of Spotify Technology stock. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30.
• On Monday, September 14th, Gustav Söderström sold 20,913 shares of Spotify Technology stock. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47.

Spotify Technology Stock Up 2.2%

SPOT traded up $13.28 during trading hours on Friday, hitting $611.79. The stock had a trading volume of 958,360 shares, compared to its average volume of 2,169,291. The company’s fifty day simple moving average is $541.90 and its 200 day simple moving average is $502.45. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $654.68. The stock has a market cap of $125.96 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.49.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.28 earnings per share. As a group, equities analysts expect that Spotify Technology will post 13.60 EPS for the current year.

Institutional Trading of Spotify Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of SPOT. Joel Isaacson & Co. LLC raised its stake in Spotify Technology by 1.0% during the third quarter. Joel Isaacson & Co. LLC now owns 1,747 shares of the company’s stock valued at $851,000 after purchasing an additional 18 shares in the last quarter. Fairscale Capital LLC lifted its position in Spotify Technology by 35.2% during the third quarter. Fairscale Capital LLC now owns 73 shares of the company’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Tsfg LLC grew its stake in shares of Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after buying an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC grew its stake in shares of Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after buying an additional 27 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Spotify Technology by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after buying an additional 29 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology News Roundup

Here’s some of the latest news about SPOT:

• Positive Sentiment: Spotify is launching audiobooks in India, with a plan offering 15 listening hours per month for Rs 199 and titles across eight languages. The expansion could broaden its paid-content offering and improve engagement in a large market, though subscriber uptake and revenue contribution remain uncertain. Spotify introduces audiobooks in India
• Positive Sentiment: Spotify’s AI DJ added nine voice options, including an Indian-accented voice, and Premium users can reduce or switch off song commentary. The personalization may help user experience and retention, but no direct financial impact was reported. Spotify adds AI DJ voices and commentary controls
• Neutral Sentiment: A Motley Fool article says Spotify shares have fallen in 2026 while the company continues to expand and deliver above-average revenue growth—contrasting share performance with ongoing business growth, rather than reporting a new development from today. Growth stocks that may outperform over the next decade

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPOT. Argus reissued a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a report on Thursday, August 13th. Benchmark reduced their price target on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Citizens Jmp reiterated a “market outperform” rating and issued a $625.00 price target on shares of Spotify Technology in a research report on Friday, October 23rd. Stonex Financial lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Barclays increased their price objective on Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $620.07.

About Spotify Technology

Spotify Technology operates a digital audio streaming platform offering music, podcasts and audiobooks. Listeners can use the service through a free, advertising-supported option or paid subscriptions, with features for discovering, organizing and sharing audio content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008. The company serves listeners and creators in markets around the world and provides tools and services for artists, podcasters, authors and other content partners.