Neutral
Assetmark Inc. reduces Spotify stake by 37% to $9.79 million
Assetmark Inc. has decreased its holdings in Spotify Technology (NYSE: SPOT) by 37%, now owning 20,183 shares valued at approximately $9.79 million. This reduction follows a broader trend of insider selling, with notable sales by CEO Gustav Soderstrom and director Thomas O. Staggs, totaling 111,442 shares worth $54.8 million over the past 90 days. Despite these moves, Spotify reported strong quarterly results, including earnings per share of $4.04, surpassing the expected $3.41, and revenue up 8.2% year-over-year. Analysts maintain a Moderate Buy consensus with a price target of $638.58.
Key points
- Assetmark Inc. reduces Spotify stake by 37% to $9.79 million
- Insider selling totals 111,442 shares worth $54.8 million over 90 days
- Spotify reports strong quarterly results with EPS of $4.04 and 8.2% revenue growth
- Analysts maintain Moderate Buy consensus with $638.58 price target
Sources
- Assetmark Inc. Has $9.79 Million Stock Position in Spotify Technology $SPOTDefense World · July 21, 2026
- Assetmark Inc. Has $9.79 Million Stock Position in Spotify Technology $SPOTMarketBeat · July 21, 2026
- Spotify Technology $SPOT Shares Sold by Midwest Trust CoMarketBeat · July 13, 2026
- Spotify (SPOT) Q1 2026 (EUR): Revenue 4.5bln (exp. 4.52bln), EPS 3.45 (exp. 3.17); sees Q2 MAU 778mln (exp. 773.9mln)Newsquawk · April 28, 2026
AI-generated from public news sources. Not financial advice.
