Spotify Technology (NYSE:SPOT) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Spotify Technology S.A. (NYSE:SPOT). In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Spotify Technology stock on March 24th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

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

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Flywire (NASDAQ:FLYW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 3/19/2025.

Spotify Technology Stock Performance

NYSE SPOT traded down $9.78 on Friday, reaching $543.24. The stock had a trading volume of 2,153,397 shares, compared to its average volume of 2,181,716. The stock has a market cap of $111.21 billion, a P/E ratio of 91.30 and a beta of 1.75. The business’s 50-day moving average price is $581.80 and its 200 day moving average price is $493.02. Spotify Technology S.A. has a 12-month low of $267.76 and a 12-month high of $652.63.

Analysts Set New Price Targets

Several research firms have commented on SPOT. Wolfe Research reaffirmed a “peer perform” rating on shares of Spotify Technology in a research note on Friday, January 17th. Citigroup increased their price target on Spotify Technology from $540.00 to $720.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $480.00 price objective (down from $490.00) on shares of Spotify Technology in a research note on Tuesday, January 28th. Guggenheim restated a “buy” rating and issued a $675.00 target price on shares of Spotify Technology in a research note on Monday, February 24th. Finally, Canaccord Genuity Group boosted their price target on shares of Spotify Technology from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.30.

Hedge Funds Weigh In On Spotify Technology

Several institutional investors and hedge funds have recently made changes to their positions in SPOT. Jennison Associates LLC bought a new position in Spotify Technology during the fourth quarter worth $1,335,575,000. GQG Partners LLC bought a new position in Spotify Technology in the 4th quarter valued at about $800,725,000. Forsta AP Fonden acquired a new position in shares of Spotify Technology during the fourth quarter valued at approximately $619,600,000. Geode Capital Management LLC raised its stake in shares of Spotify Technology by 561.6% in the 4th quarter. Geode Capital Management LLC now owns 1,483,392 shares of the company’s stock worth $659,841,000 after buying an additional 1,259,183 shares in the last quarter. Finally, Norges Bank acquired a new stake in Spotify Technology in the 4th quarter valued at about $396,028,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

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.