Rep. Josh Gottheimer Sells Spotify Technology S.A. (NYSE:SPOT) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Spotify Technology S.A. (NYSE:SPOT). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Spotify Technology stock on February 21st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/28/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/28/2025.
• Sold $1,001 – $15,000 in shares of Block (NYSE:XYZ) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Vertiv (NYSE:VRT) on 2/25/2025.

Spotify Technology Stock Down 2.3 %

SPOT traded down $12.26 during midday trading on Friday, reaching $531.15. 3,825,546 shares of the company’s stock were exchanged, compared to its average volume of 2,194,643. The firm has a market capitalization of $108.73 billion, a price-to-earnings ratio of 89.27 and a beta of 1.66. Spotify Technology S.A. has a one year low of $249.58 and a one year high of $652.63. The business has a 50-day simple moving average of $547.82 and a two-hundred day simple moving average of $452.93.

Wall Street Analysts Forecast Growth

SPOT has been the subject of a number of analyst reports. Barclays raised their price target on shares of Spotify Technology from $475.00 to $710.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Bank of America raised their price target on shares of Spotify Technology from $430.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated an “accumulate” rating and issued a $485.00 target price (up previously from $420.00) on shares of Spotify Technology in a research note on Wednesday, November 13th. Wolfe Research reiterated a “peer perform” rating on shares of Spotify Technology in a research note on Friday, January 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $675.00 target price on shares of Spotify Technology in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $529.43.

Institutional Trading of Spotify Technology

A number of institutional investors have recently bought and sold shares of SPOT. Prestige Wealth Management Group LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Spotify Technology during the 4th quarter worth $26,000. Hillsdale Investment Management Inc. acquired a new stake in Spotify Technology during the 4th quarter worth $27,000. Copia Wealth Management acquired a new stake in Spotify Technology during the 4th quarter worth $29,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Spotify Technology during the third quarter worth $33,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Spotify Technology

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.