NorthCrest Asset Manangement LLC Buys 1,118 Shares of Spotify Technology $SPOT

NorthCrest Asset Manangement LLC bought a new stake in Spotify Technology (NYSE:SPOT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,118 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPOT. Janus Henderson Group PLC raised its holdings in Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after purchasing an additional 286,844 shares in the last quarter. Tiger Global Management LLC boosted its holdings in Spotify Technology by 25.3% in the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after purchasing an additional 319,300 shares in the last quarter. Amundi increased its position in Spotify Technology by 20.0% during the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after purchasing an additional 183,994 shares during the period. Principal Financial Group Inc. increased its position in Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after purchasing an additional 344,471 shares during the period. Finally, Sei Investments Co. increased its position in Spotify Technology by 1.8% during the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after purchasing an additional 13,381 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the company’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 $10,897,404.75. This trade represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 0.40% of the stock is currently owned by insiders.

Spotify Technology Stock Performance

SPOT traded down $3.36 on Friday, hitting $530.01. 1,737,399 shares of the company were exchanged, compared to its average volume of 1,455,236. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $696.95. The firm has a market capitalization of $109.12 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.61. The business’s fifty day moving average is $522.14 and its 200 day moving average is $495.59.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results 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). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. Spotify Technology’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) earnings per share. Analysts forecast that Spotify Technology will post 13.77 EPS for the current fiscal year.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify’s premium subscription business remains resilient, while its audiobooks expansion and renewed Joe Rogan agreement could support engagement and diversify revenue beyond music streaming. Spotify expands audiobooks and renews Rogan agreement
• Positive Sentiment: Potential longer-term catalysts include AI-driven personalization, deeper listener insights, a new business selling Spotify’s internal software tools, and expanded Siri integration on iOS 27. These initiatives could improve discovery, retention and monetization. Spotify AI personalization analysis
• Neutral Sentiment: Spotify recently outperformed the broader market in one trading session, reflecting continued interest following its rally, although the move has not eliminated concerns about upcoming results. Why Spotify outpaced the stock market
• Neutral Sentiment: Chief Executive Gustav Söderström sold approximately $11.1 million of stock to cover tax withholding tied to vested equity awards. The transaction significantly reduced his direct holdings, but its stated tax-related purpose makes it less negative than a discretionary sale. Spotify CEO SEC filing
• Negative Sentiment: StoneX downgraded Spotify from Buy to Hold, citing limited near-term catalysts for revenue per user, rising payments to record labels and margin pressure. StoneX Spotify downgrade
• Negative Sentiment: Ad-supported growth remains sluggish, and forward revenue and earnings estimates are being revised lower. Management’s third-quarter guidance calls for approximately €5.0 billion in revenue and 305 million premium subscribers, while consensus expectations are also declining. Spotify downgrade ahead of third-quarter earnings
• Negative Sentiment: Analysts expect earnings to decline in the upcoming report, increasing the risk of disappointment after the stock’s rally. The premium valuation leaves less room for weaker growth or margin guidance.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities cut their target price on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Stonex Financia downgraded Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Benchmark dropped their price objective on Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Guggenheim reiterated a “buy” rating and issued a $565.00 price objective on shares of Spotify Technology in a research report on Wednesday, August 5th. Finally, KeyCorp cut their price objective on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $610.25.

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.