142,875 Spotify Technology $SPOT Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management doubled its Spotify stake in the third quarter, purchasing 142,875 additional shares and bringing its holdings to 283,703 shares worth approximately $138.3 million. Institutional investors collectively own 84.09% of the company.
• Spotify reported quarterly revenue of $5.45 billion, up 13.9% year over year, but earnings per share of $3.03 fell short of analyst expectations of $3.16.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $610.25 versus the stock’s $532.69 opening price. Meanwhile, insiders sold $35.8 million in shares over the past 90 days, primarily to cover tax obligations on vested equity awards.

Assenagon Asset Management S.A. grew its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 101.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 283,703 shares of the company's stock after acquiring an additional 142,875 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of Spotify Technology worth $138,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SPOT. Tsfg LLC lifted its stake in shares of Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company's stock worth $37,000 after acquiring an additional 23 shares during the period. Carl P. Sherr & Co. LLC increased its stake in shares of Spotify Technology by 0.7% during the first quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company's stock valued at $2,007,000 after acquiring an additional 27 shares during the period. Simplify Asset Management Inc. increased its stake in shares of Spotify Technology by 3.1% during the first quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company's stock valued at $521,000 after acquiring an additional 32 shares during the period. Arkadios Wealth Advisors raised its holdings in Spotify Technology by 7.5% during the first quarter. Arkadios Wealth Advisors now owns 474 shares of the company's stock worth $230,000 after purchasing an additional 33 shares in the last quarter. Finally, Simplicity Wealth LLC raised its holdings in Spotify Technology by 4.4% during the first quarter. Simplicity Wealth LLC now owns 860 shares of the company's stock worth $417,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Insider Buying and Selling

In related news, CEO Gustav Söderström sold 20,913 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 20,025 shares of the company's stock, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction that occurred 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 transaction, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. 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. Insiders sold a total of 68,092 shares of company stock valued at $35,762,410 in the last ninety days. Company insiders own 0.40% of the company's stock.

Spotify Technology Stock Up 1.7%

Shares of NYSE SPOT opened at $532.69 on Friday. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $696.95. The company has a market cap of $109.67 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 1.61 and a beta of 1.61. The business has a fifty day simple moving average of $521.34 and a 200-day simple moving average of $495.34.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the business earned ($0.42) EPS. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that Spotify Technology will post 13.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Spotify Technology from $610.00 to $640.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Piper Sandler started coverage on Spotify Technology in a research note on Thursday, October 8th. They set a "neutral" rating and a $540.00 price target for the company. Benchmark lowered their price target on Spotify Technology from $695.00 to $650.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Rosenblatt Securities dropped their price objective on Spotify Technology from $531.00 to $527.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Finally, UBS Group dropped their price objective on Spotify Technology from $690.00 to $675.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Spotify Technology has an average rating of "Moderate Buy" and a consensus price target of $610.25.

Trending Headlines about Spotify Technology

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

Spotify Technology Company 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.

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