20,100 Spotify Technology $SPOT Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC decreased its position in shares of Spotify Technology (NYSE:SPOT) by 38.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,517 shares of the company’s stock after selling 20,100 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Spotify Technology were worth $15,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after buying an additional 286,844 shares in the last quarter. Tiger Global Management LLC raised its stake in Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after acquiring an additional 319,300 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Spotify Technology by 15.7% in the fourth quarter. Deutsche Bank AG now owns 1,485,921 shares of the company’s stock worth $862,889,000 after acquiring an additional 201,080 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Spotify Technology by 1,382.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,182 shares of the company’s stock valued at $724,251,000 after purchasing an additional 1,163,045 shares in the last quarter. Finally, Amundi grew its holdings in shares of Spotify Technology by 20.0% during the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after purchasing an additional 183,994 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology News Roundup

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

• Positive Sentiment: Joe Rogan deal reinforces Spotify’s podcast leadership. Spotify reportedly renewed “The Joe Rogan Experience” under a multiyear licensing and advertising agreement estimated at approximately $250 million. The show remains the leading U.S. podcast by listenership, giving Spotify continued access to a major audience and valuable advertising inventory. Spotify secures $250 million renewal with Joe Rogan
• Positive Sentiment: Audiobooks are expanding internationally. Spotify plans to make its audiobook service available in more than 180 markets by the end of 2026, up from 22, with roughly 350,000 titles in more than 120 languages. The broader rollout could create additional subscription, usage and advertising opportunities while diversifying Spotify beyond music. Spotify expands audiobooks to over 180 markets
• Neutral Sentiment: Spotify is exploring enterprise software revenue. The launch of technology.spotify.com makes the company’s internal technology and developer tools available to outside organizations. This could become a new business line, but the financial contribution and adoption timeline are not yet clear. Spotify is getting more serious about selling enterprise software
• Neutral Sentiment: Piper Sandler initiated coverage with a Neutral rating and a $540 price target. The target implies limited near-term upside from recent trading levels, signaling that the firm sees balanced risk and reward rather than a strong catalyst.
• Negative Sentiment: Valuation and analyst caution could limit gains. UBS lowered its expectations for Spotify’s share price, while commentary has questioned whether the company’s roughly $109 billion market capitalization is justified. Spotify also recently reported quarterly revenue and earnings below consensus estimates, despite double-digit year-over-year revenue growth.

Insiders Place Their Bets

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the sale, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 47,182 shares of company stock worth $24,677,392 in the last ninety days. Insiders own 0.40% of the company’s stock.

Spotify Technology Stock Performance

Shares of SPOT traded up $15.30 during mid-day trading on Thursday, reaching $528.22. 1,655,910 shares of the company were exchanged, compared to its average volume of 2,221,876. The business has a 50 day simple moving average of $517.06 and a two-hundred day simple moving average of $493.65. The stock has a market capitalization of $108.75 billion, a PE ratio of 32.89, a PEG ratio of 1.49 and a beta of 1.61. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $700.12.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%.The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the business posted ($0.42) EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts predict that Spotify Technology will post 13.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Rosenblatt Securities cut their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. UBS Group lowered their target price on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday. Benchmark reduced their price target on Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Argus reiterated a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $590.24.

Spotify Technology Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.