Zweig DiMenna Associates LLC Buys 14,100 Shares of Spotify Technology $SPOT

Posted by Sarita Garza on May 30th, 2026

Zweig DiMenna Associates LLC lifted its stake in Spotify Technology (NYSE:SPOT – Free Report) by 99.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,235 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. Spotify Technology accounts for about 1.0% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 23rd largest holding. Zweig DiMenna Associates LLC’s holdings in Spotify Technology were worth $16,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. bought a new stake in shares of Spotify Technology in the fourth quarter worth approximately $1,440,000. Triglav Investments D.O.O. grew its stake in shares of Spotify Technology by 50.0% in the fourth quarter. Triglav Investments D.O.O. now owns 6,000 shares of the company’s stock worth $3,484,000 after acquiring an additional 2,000 shares during the period. National Pension Service bought a new stake in shares of Spotify Technology in the fourth quarter worth approximately $316,278,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Spotify Technology in the fourth quarter worth approximately $406,000. Finally, Garde Capital Inc. grew its stake in shares of Spotify Technology by 21.6% in the fourth quarter. Garde Capital Inc. now owns 676 shares of the company’s stock worth $393,000 after acquiring an additional 120 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Trading Down 3.9%

SPOT opened at $496.41 on Friday. The company has a market cap of $102.20 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 1.26 and a beta of 1.55. The company’s 50 day moving average is $479.44 and its 200 day moving average is $519.98. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that Spotify Technology will post 14.72 EPS for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the transaction, the director directly owned 6,383 shares in the company, valued at $3,355,734.59. This represents a 84.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 90,609 shares of company stock valued at $44,303,507. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on SPOT shares. Canaccord Genuity Group reduced their price target on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley raised their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Citizens Jmp raised their price objective on shares of Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a report on Friday, May 22nd. Finally, Citigroup raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price objective on the stock in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $655.92.

Check Out Our Latest Report on SPOT

Key Stories Impacting Spotify Technology

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

Positive Sentiment: Spotify’s new paid AI remix and cover tools, developed with Universal Music Group, could create a fresh revenue stream while keeping artists involved through revenue sharing. Article: Spotify, UMG Deal Sets Up Paid AI Music Remix Tool
Positive Sentiment: The company is also expanding its platform with “Reserved by Spotify” concert-ticket access and narrated long-form audio, which could deepen user engagement and improve Premium subscriber value. Article: Spotify Tests Superfan Tickets And Narrated Articles To Deepen Engagement
Positive Sentiment: Recent commentary highlighted that Spotify’s broader AI and audio expansion strategy is helping investors view the company as more than just a music streamer. Article: Why Spotify Technology (SPOT) Is Up 5.5% After Launching Paid AI Remixes And Superfan Tools
Neutral Sentiment: Analysts remain generally constructive, but recent price-target changes and mixed ratings suggest the market is still weighing execution risk against long-term growth potential. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
Negative Sentiment: Recent insider sales by directors, including Thomas Staggs and Christopher Marshall, may pressure sentiment because investors often view heavy insider selling cautiously. SEC filing for insider sale SEC filing for insider sale
Negative Sentiment: A shareholder law firm is investigating potential securities-law issues at Spotify, adding a legal overhang for the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

About Spotify Technology

(Free Report)

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.