Spotify Technology (NYSE:SPOT) CEO Gustav Soderstrom Sells 20,910 Shares of Stock

Posted by George Bondi on Oct 15th, 2026

Spotify Technology (NYSE:SPOT – Get Free Report) CEO Gustav Söderström sold 20,910 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the transaction, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. The trade was a 51.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gustav Soderstrom also recently made the following trade(s):

On Monday, September 14th, Gustav Söderström sold 20,913 shares of Spotify Technology stock. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47.
On Monday, August 3rd, Gustav Söderström sold 20,833 shares of Spotify Technology stock. The stock was sold at an average price of $507.24, for a total transaction of $10,567,330.92.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $524.00 on Thursday. The company has a fifty day moving average of $520.20 and a 200-day moving average of $494.93. The company has a market capitalization of $107.88 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $696.95.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company posted ($0.42) earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Spotify Technology will post 13.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on SPOT. Morgan Stanley increased their target price on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wells Fargo & Company reduced their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Moffett Nathanson upped their price objective on Spotify Technology from $492.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. UBS Group lowered their price objective on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $565.00 price objective on shares of Spotify Technology in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average price target of $610.25.

Get Our Latest Report on Spotify Technology

Institutional Investors Weigh In On Spotify Technology

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings in shares of Spotify Technology by 62.3% in the third quarter. Mather Group LLC. now owns 99 shares of the company’s stock valued at $48,000 after acquiring an additional 38 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Spotify Technology by 372.6% during the third quarter. First Citizens Bank & Trust Co. now owns 3,696 shares of the company’s stock valued at $1,801,000 after acquiring an additional 2,914 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Spotify Technology during the third quarter valued at approximately $318,000. Krilogy Financial LLC bought a new stake in Spotify Technology during the third quarter worth $272,000. Finally, Bouvel Investment Partners LLC bought a new stake in Spotify Technology during the third quarter worth $5,731,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Roundup

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

Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

About Spotify Technology

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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.