1,204 Shares of Spotify Technology $SPOT Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,204 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of Spotify Technology in the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new stake in Spotify Technology during the 4th quarter worth approximately $35,000. Portus Wealth Advisors LLC bought a new stake in Spotify Technology during the 1st quarter worth approximately $32,000. Whipplewood Advisors LLC raised its holdings in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the period. Finally, Palladiem LLC acquired a new stake in Spotify Technology during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of Spotify Technology stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the sale, the chief executive officer owned 20,025 shares in the company, valued at $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 68,092 shares of company stock valued at $35,762,410. Insiders own 0.40% of the company’s stock.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
• Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
• Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
• Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
• Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
• Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
• Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPOT shares. Argus reaffirmed a “buy” rating and issued a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group lowered their price objective on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Piper Sandler started coverage on shares of Spotify Technology in a research report on Thursday, October 8th. They set a “neutral” rating and a $540.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned 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 an average price target of $610.25.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $532.69 on Friday. The firm has a market cap of $109.67 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The stock’s 50-day moving average is $521.34 and its 200-day moving average is $495.34. Spotify Technology has a one year low of $405.00 and a one year high of $696.95.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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) earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Spotify Technology will post 13.77 EPS for the current year.

About Spotify Technology

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.