Spotify Technology $SPOT Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors LLC reduced its stake in Spotify by 27.1% in Q4, selling 15,930 shares and leaving 42,810 shares valued at about $24.86 million.
• Company insiders sold sizeable positions on April 1: Gustav Soderstrom sold 20,833 shares for roughly $9.86 million (a ~50% reduction) and Alex Norström sold 5,436 shares for about $2.61 million.
• Analysts show a consensus "Moderate Buy" on SPOT with an average price target of $692.14, though individual targets and ratings vary significantly across firms.

Calamos Advisors LLC reduced its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,810 shares of the company's stock after selling 15,930 shares during the period. Calamos Advisors LLC's holdings in Spotify Technology were worth $24,860,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SPOT. State Street Corp boosted its holdings in shares of Spotify Technology by 1.1% in the 3rd quarter. State Street Corp now owns 4,622,298 shares of the company's stock valued at $3,226,364,000 after buying an additional 48,070 shares during the period. Capital World Investors boosted its holdings in shares of Spotify Technology by 40.7% in the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company's stock valued at $1,906,260,000 after buying an additional 789,755 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Spotify Technology by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company's stock valued at $1,816,632,000 after buying an additional 113,612 shares during the period. Coatue Management LLC boosted its holdings in shares of Spotify Technology by 13.3% in the 3rd quarter. Coatue Management LLC now owns 1,803,173 shares of the company's stock valued at $1,258,615,000 after buying an additional 212,006 shares during the period. Finally, Sands Capital Management LLC boosted its holdings in shares of Spotify Technology by 14.2% in the 3rd quarter. Sands Capital Management LLC now owns 1,547,640 shares of the company's stock valued at $1,080,253,000 after buying an additional 192,837 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the sale, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This trade represents a 50.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the sale, the chief executive officer owned 69,989 shares in the company, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a report on Thursday, March 26th. They issued an "outperform" rating and a $535.00 price target for the company. Barclays decreased their price target on shares of Spotify Technology from $650.00 to $600.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. Morgan Stanley assumed coverage on shares of Spotify Technology in a report on Monday, April 13th. They issued an "overweight" rating and a $630.00 price target for the company. KeyCorp lifted their price target on shares of Spotify Technology from $740.00 to $745.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Finally, Pivotal Research lowered shares of Spotify Technology from a "buy" rating to a "hold" rating and decreased their price target for the company from $875.00 to $420.00 in a report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $692.14.

More Spotify Technology News

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

• Positive Sentiment: Analysts and bullish write-ups are painting SPOT as a buy ahead of earnings, arguing the stock is attractively priced after a pullback and resilient to macro/AI headwinds. Buy Spotify Technology Stock Now Down 33% Before Earnings
• Positive Sentiment: Price-target upgrades and inclusion on “best stocks” lists (plus KeyBanc’s lift) are supporting optimism, which can attract short-term buying into the earnings window. Spotify Technology (SPOT) Boosted by $5 Ahead of Upcoming Q1 Report
• Positive Sentiment: Macro-driven rebounds in European tech have highlighted Spotify as an undervalued name, drawing fresh flow from thematic screens and value-seeking funds. 3 Undervalued European Tech Stocks to Buy After the Ceasefire (SPOT)
• Neutral Sentiment: Analyst models and key-metric projections for Spotify’s Q1 (subs, ARPU, ad revenue) are being closely watched — the report could swing the stock either way depending on guidance and metric beats/misses. What Analyst Projections for Key Metrics Reveal About Spotify (SPOT) Q1 Earnings
• Neutral Sentiment: Coverage of Spotify’s 20th anniversary highlights long-term strategic questions (new features, content, monetization) — positive for narrative but unclear near-term earnings impact. Spotify At 20 Sparks Fresh Questions On Growth And Valuation The highs and lows of Spotify’s first 20 years
• Negative Sentiment: Regulatory risk surfaced after Texas announced a probe of streaming platforms — any escalation or broader legal/regulatory action could weigh on sentiment and valuation. Texas announces probe of music streaming platforms. Spotify stock whipsaws

Spotify Technology Stock Up 0.2%

Shares of NYSE:SPOT opened at $516.85 on Friday. The company has a market cap of $106.41 billion, a PE ratio of 53.62, a P/E/G ratio of 1.12 and a beta of 1.70. The company's 50-day moving average price is $501.08 and its 200 day moving average price is $553.22. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $3.16 by $2.00. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. Spotify Technology's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. As a group, equities analysts anticipate that Spotify Technology will post 15.73 EPS for the current year.

About Spotify Technology

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.

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.