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Spotify Technology S.A. Stock: price and insider trades · United States
US·Mcap US$108.5B
Spotify Technology S.A.: what insiders have been doing
This page follows insider dealings at Spotify Technology S.A. as filed with SEC (Form 4) based in Luxembourg, Luxembourg. The group dates from 2007. 9 insiders have disclosed 103 filings since 18 October 2025.
There is no open-market purchase to report; the filings show 65 sales worth €54.7M by 3 insiders. Biggest ticket of the year: €8.5M, sold by Soderstrom Gustav and made public on 3 April 2026.
With 103 filings in twelve months, the company is more active than the median of 19 filings across the 5,812 companies we follow on the same exchange. Looking back to 2026, when coverage begins, insiders filed no purchases and 65 sales. On the fundamentals side, the SEC filing (20-F) for the period ending 31 December 2025 lists revenue at 17.19 bn EUR and net income at 2.21 bn EUR.
Typically, a trade is published a median of 2 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Elsewhere in the same market, our signals recently picked up insider purchases at GameStop Corp. and Heico Corp. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
103
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€55M
65 ops. · all time
Who traded when
BuySaleGustav Soderstrom46 sales
Alex Norstrom17 sales
Dustee Jenkins2 sales
Analyst consensus: bullish or bearish?
Analysts rate Spotify Technology S.A. Buy (bullish), based on 38 analysts. Average price target: US$595.51.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,245 of 24,148 companies
53.3
score / 100
Value34
Quality73
FCF yld2.6%
Earn yld2.0%
EV/EBITDA47.4x
ROE44%
Gross mgn32%
Net mgn13%
Debt/EBITDA0.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$527.45
Analyst consensus
38 analystsBuy
US$408.75Target US$595.51(+13%)US$701.02
Income statement
RevenueUS$17.2B
Gross profitUS$5.5B32% margin
EBITDAUS$2.4B14% margin
Net incomeUS$2.2B18.4% margin
Valuation
PER (trailing)30.3x
PER (forward)34.5x
P/Book11.6x
Beta1.61
Balance sheet & cash
Market capUS$108.5B
Total debtUS$2B
Free Cash FlowUS$2.9B
Debt / Equity6%
Profitability & ownership
ROE44.5%
ROA12.2%
% insiders23.5%
% institutions68.8%
Last declaration on 14 October 2026
Declarations103 total
20,910 shares@ US$151.25Ordinary ShareSEC:0001140361-26-039594:0
1,086 shares@ US$527.054Ordinary ShareSEC:0001140361-26-039594:1
4,081 shares@ US$527.9525Ordinary ShareSEC:0001140361-26-039594:2
6,282 shares@ US$529.1061Ordinary ShareSEC:0001140361-26-039594:3
1,818 shares@ US$530.2125Ordinary ShareSEC:0001140361-26-039594:4
1,666 shares@ US$531.0252Ordinary ShareSEC:0001140361-26-039594:5
1,850 shares@ US$532.1428Ordinary ShareSEC:0001140361-26-039594:6
2,610 shares@ US$533.0258Ordinary ShareSEC:0001140361-26-039594:7
1,517 shares@ US$533.9738Ordinary ShareSEC:0001140361-26-039594:8
105.109 shares@ US$487.380.0001% mcap19.5% of flowOrdinary ShareSEC:0001140361-26-038640:0
808.721 shares@ US$487.380.0004% mcap3.2% of flowOrdinary ShareSEC:0001140361-26-038636:0
2,035 shares0Ordinary ShareSEC:0001140361-26-038629:1
41.818 shares@ US$487.380.0000% mcap100.0% of flowOrdinary ShareSEC:0001140361-26-038642:0
250.188 shares@ US$487.380.0001% mcap19.9% of flowOrdinary ShareSEC:0001140361-26-038638:0
116.64 shares@ US$487.380.0001% mcap0.1% of flowOrdinary ShareSEC:0001140361-26-038633:0
427.446 shares@ US$487.380.0002% mcap6.5% of flowOrdinary ShareSEC:0001140361-26-038629:0
20,913 shares@ US$151.250.0030% mcap5.8% of flowOrdinary ShareSEC:0001140361-26-036782:0
154 shares@ US$539.91870.0001% mcap0.2% of flowOrdinary ShareSEC:0001140361-26-036782:2
1,259 shares@ US$540.69050.0006% mcap1.2% of flowOrdinary ShareSEC:0001140361-26-036782:3
2,230 shares@ US$541.7170.0011% mcap2.2% of flowOrdinary ShareSEC:0001140361-26-036782:4
3,829 shares@ US$542.70580.0019% mcap3.8% of flowOrdinary ShareSEC:0001140361-26-036782:5
3,069 shares@ US$543.78510.0016% mcap3.0% of flowOrdinary ShareSEC:0001140361-26-036782:6
4,400 shares@ US$544.64140.0022% mcap4.4% of flowOrdinary ShareSEC:0001140361-26-036782:7
1,958 shares@ US$545.60170.0010% mcap1.9% of flowOrdinary ShareSEC:0001140361-26-036782:8
2,194 shares@ US$546.68340.0011% mcap2.2% of flowOrdinary ShareSEC:0001140361-26-036782:9
25 of 103 declarations
About Spotify Technology S.A.
Spotify Technology S.A. is a music streaming company that provides access to millions of songs and podcasts. Founded in 2006 in Sweden, it has become one of the leading music platforms globally.
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