Corient Private Wealth LP Sells 3,953 Shares of Spotify Technology $SPOT

Key Points

• Corient Private Wealth LP reduced its Spotify position by 23.4%, selling 3,953 shares during the second quarter and retaining 12,933 shares valued at approximately $5.94 million.
• Institutional ownership remains high at 84.09%, with other investors making significant purchases, including Montanova Capital’s 100,700-share increase and Ally Financial’s doubling of its position.
• Spotify recently missed quarterly earnings and revenue estimates despite 13.9% year-over-year revenue growth, while analysts maintain a “Moderate Buy” consensus with an average price target of $594.50 versus the reported $509.11 share price.

Corient Private Wealth LP cut its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 23.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,933 shares of the company's stock after selling 3,953 shares during the period. Corient Private Wealth LP's holdings in Spotify Technology were worth $5,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Montanova Capital LLC raised its holdings in shares of Spotify Technology by 9,154.5% during the second quarter. Montanova Capital LLC now owns 101,800 shares of the company's stock worth $46,739,000 after purchasing an additional 100,700 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Spotify Technology during the 4th quarter valued at approximately $1,162,000. Sycale Advisors NY LLC lifted its position in shares of Spotify Technology by 89.6% during the 4th quarter. Sycale Advisors NY LLC now owns 36,075 shares of the company's stock valued at $20,949,000 after buying an additional 17,050 shares in the last quarter. Ally Financial Inc. raised its position in Spotify Technology by 100.0% during the second quarter. Ally Financial Inc. now owns 7,000 shares of the company's stock worth $3,214,000 after acquiring an additional 3,500 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in Spotify Technology during the second quarter worth $1,363,000. Institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of SPOT stock opened at $509.11 on Friday. The firm has a market cap of $104.82 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.59. The company has a 50-day moving average of $514.28 and a two-hundred day moving average of $495.91. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $740.20.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 EPS 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 firm had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the business earned ($0.42) earnings per share. The business's revenue was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Spotify Technology will post 14.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SPOT shares. Wells Fargo & Company dropped their target price on shares of Spotify Technology from $600.00 to $570.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. Guggenheim reaffirmed a "buy" rating and issued a $565.00 price target on shares of Spotify Technology in a research note on Wednesday, August 5th. UBS Group lowered their price objective on Spotify Technology from $735.00 to $690.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Rosenblatt Securities cut their price objective 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. Finally, Barclays increased their target price on Spotify Technology from $500.00 to $565.00 and gave the company an "overweight" rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $594.50.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Bank of America reaffirmed its bullish view. BofA maintained a Buy rating and a $685 price target, arguing that Spotify’s growth story remains intact and that new monetization tools could support revenue and profit expansion. The target is well above the stock’s recent level and may help counter recent selling pressure. Spotify set for growth, BofA says, citing new monetization tools
• Positive Sentiment: Video and creator monetization are emerging growth drivers. Analysts highlighted Spotify’s push into video and its podcast payout program, which has expanded to 35 countries. These initiatives could increase engagement, attract creators and improve advertising opportunities while reducing reliance on premium subscriptions. Spotify video push could close the valuation gap Spotify podcast payout programme goes global
• Neutral Sentiment: Analyst comparisons provide limited direct catalysts. Articles comparing SPOT with Digital Turbine and Home Depot present Spotify as a potentially attractive long-term consumer or software investment, but they do not introduce material new company-specific information. The broader analyst consensus remains positive, with an average target around $594.50.
• Neutral Sentiment: Product improvements may support retention over time. A new setting prevents children’s music from affecting recommendations and annual Wrapped results. The feature could improve personalization for families, but its near-term financial impact is likely modest. Spotify adds a new kids music setting
• Negative Sentiment: CEO Gustav Söderström sold 20,913 shares worth approximately $11.4 million. The filing said the sale covered tax withholding related to vested equity awards, making it less concerning than a discretionary sale. Nevertheless, the transaction reduced his holdings by roughly 51% and may weigh on sentiment, particularly alongside Spotify’s recent retreat from its highs. Spotify CEO sells shares

Insider Activity at Spotify Technology

In other news, CEO Gustav Söderström sold 20,913 shares of the business's stock in a transaction dated Monday, September 14th. The stock was 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 of the company's stock, valued at approximately $10,897,404.75. The trade was a 51.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the transaction, 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 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. Insiders have sold a total of 73,451 shares of company stock valued at $37,258,896 in the last 90 days. Insiders own 0.40% of the company's stock.

Spotify Technology Profile

Spotify Technology SA is a Luxembourg-based audio streaming company that operates the Spotify platform. The service gives users access to a broad catalog of music, podcasts and audiobooks, with features for searching, discovering, creating and sharing audio content across connected devices.

Spotify offers an ad-supported service at no subscription cost and paid Premium plans that provide additional features, including ad-free listening and offline playback. The company generates revenue primarily through subscriptions and advertising, while working with music labels, publishers, podcast creators and other rights holders to distribute content.

Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008.

Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.