Trillium Asset Management LLC Has $25.53 Million Position in Spotify Technology $SPOT

Trillium Asset Management LLC cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 35.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,418 shares of the company’s stock after selling 23,980 shares during the quarter. Trillium Asset Management LLC’s holdings in Spotify Technology were worth $25,530,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Spotify Technology during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Spotify Technology during the 3rd quarter worth approximately $35,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Spotify Technology during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Spotify Technology by 85.7% during the 4th 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 holdings in shares of Spotify Technology by 1,700.0% during the 4th 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SPOT shares. Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 target price on the stock in a report on Thursday, February 26th. The Goldman Sachs Group decreased their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on Spotify Technology from $430.00 to $520.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Canaccord Genuity Group decreased their price objective on Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Guggenheim decreased their price objective on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two 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. According to data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $655.92.

Insider Transactions at Spotify Technology

In other news, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher P. Marshall sold 2,650 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the sale, the director directly owned 4,039 shares in the company, valued at approximately $2,099,714.54. This trade represents a 39.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 111,442 shares of company stock worth $54,647,508. 0.40% of the stock is currently owned by company insiders.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $480.77 on Friday. The stock’s fifty day moving average price is $482.76 and its two-hundred day moving average price is $510.88. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The firm has a market cap of $98.98 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 1.19 and a beta of 1.56.

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

Spotify Technology News Summary

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 Profile

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.