Spotify Technology $SPOT Stock Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its stake in shares of Spotify Technology (NYSE:SPOT) by 94.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,699 shares of the company’s stock after buying an additional 1,314 shares during the period. Quadrant Capital Group LLC’s holdings in Spotify Technology were worth $1,424,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Tsfg LLC raised its position in Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after buying an additional 23 shares during the last quarter. Carl P. Sherr & Co. LLC boosted its holdings in Spotify Technology by 0.7% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after acquiring an additional 27 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Spotify Technology by 2.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. boosted its holdings in Spotify Technology by 3.1% during the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after acquiring an additional 32 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Spotify Technology by 7.5% in the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock worth $230,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPOT shares. KeyCorp reduced their target price on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. Citizens Jmp reissued a “market outperform” rating and set a $625.00 price target on shares of Spotify Technology in a research report on Friday. Wall Street Zen cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Guggenheim boosted their price target on shares of Spotify Technology from $575.00 to $650.00 and gave the stock a “buy” rating in a report on Friday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $580.00 price objective (up from $540.00) on shares of Spotify Technology in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average price target of $620.07.

Spotify Technology Trading Up 0.0%

Shares of SPOT opened at $583.84 on Friday. The stock has a 50 day moving average of $526.60 and a 200 day moving average of $497.87. The company has a market capitalization of $120.20 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.81 and a beta of 1.61. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $676.67.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a return on equity of 36.15% and a net margin of 15.74%. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the firm posted ($0.42) EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts predict that Spotify Technology will post 13.64 earnings per share for the current year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the sale, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the transaction, the chief executive officer directly owned 19,908 shares in the company, valued at $10,553,828.04. This trade represents a 51.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over 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 reported 306 million premium subscribers in the third quarter, up 9% year over year and 1 million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Jumps as Subscriber Growth Beats Expectations
• Positive Sentiment: Revenue increased roughly 16% year over year to about €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income exceeded company guidance. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects revenue of approximately €6.0 billion. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Management highlighted AI-powered personalization, including its “taste model,” as a way to increase listening, reduce churn and support pricing power. It also expects moderating expenses and continued margin expansion, with long-term targets of more than 20% operating margin and 35%–40% gross margin by 2030. Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
• Positive Sentiment: Several analysts raised their targets following the results. Morgan Stanley and JPMorgan lifted targets to $700 with overweight ratings, while Wells Fargo, Barclays, Oppenheimer and Guggenheim also raised targets to $650–$660. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify’s headline results were mixed: quarterly EPS of roughly $2.78–$2.85 missed consensus near $3.10–$3.18, while revenue was slightly below estimates. Piper Sandler maintained a neutral rating with a $580 target, and Cantor Fitzgerald maintained neutral at $550.
• Negative Sentiment: TD Cowen reaffirmed a hold rating with a $525 price target, and some newly raised targets remain below the current market valuation, signaling concerns that much of the subscriber and AI optimism may already be reflected in SPOT shares.

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.