Triasima Portfolio Management inc. Has $502,000 Stock Holdings in Spotify Technology $SPOT

Key Points

• Triasima cut its Spotify stake by 91.5% in Q4, selling 9,357 shares and leaving 865 shares worth about $502,000.
• Large insider sales occurred: CEO Gustav Soderstrom sold 20,833 shares for ~$9.86M (a ~50% reduction) and Alex Norstrom sold 5,436 shares for ~$2.61M.
• Spotify beat Q1 estimates with $4.04 EPS and $5.25B revenue, but disappointing ad and subscriber trends prompted multiple analyst target cuts; the consensus rating remains a Moderate Buy with a $645.77 target.

Triasima Portfolio Management inc. cut its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 865 shares of the company's stock after selling 9,357 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Spotify Technology were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quadcap Wealth Management LLC increased its position in Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company's stock worth $206,000 after purchasing an additional 16 shares during the period. Sage Mountain Advisors LLC increased its position in Spotify Technology by 6.3% in the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company's stock worth $201,000 after purchasing an additional 17 shares during the period. Sagespring Wealth Partners LLC increased its position in Spotify Technology by 2.9% in the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company's stock worth $370,000 after purchasing an additional 18 shares during the period. Granite Group Advisors LLC increased its position in Spotify Technology by 2.6% in the third quarter. Granite Group Advisors LLC now owns 756 shares of the company's stock worth $528,000 after purchasing an additional 19 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in Spotify Technology by 7.9% in the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company's stock worth $181,000 after purchasing an additional 19 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gustav Soderstrom sold 20,833 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the transaction, the chief executive officer owned 69,989 shares of the company's stock, valued at $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Spotify Technology Trading Up 0.1%

Spotify Technology stock opened at $441.84 on Monday. The firm has a market capitalization of $90.97 billion, a P/E ratio of 35.21, a PEG ratio of 1.09 and a beta of 1.55. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The business has a 50-day moving average of $499.80 and a 200-day moving average of $545.05.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.63. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 EPS. Research analysts anticipate that Spotify Technology will post 14.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPOT. Barclays lowered their price objective on Spotify Technology from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Wall Street Zen upgraded Spotify Technology from a "hold" rating to a "buy" rating in a research report on Sunday, April 26th. Pivotal Research lowered their price objective on Spotify Technology from $420.00 to $400.00 and set a "hold" rating for the company in a research report on Wednesday, April 29th. UBS Group lowered their price objective on Spotify Technology from $760.00 to $735.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Guggenheim lowered their price objective on Spotify Technology from $600.00 to $565.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $645.77.

More Spotify Technology News

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

• Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
• Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology NYSE: SPOT Given New $720.00 Price Target at Canaccord Genuity Group
• Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
• Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
• Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology NYSE: SPOT Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week

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.

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