Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells SPOT Stock

Democratic Representative Gilbert Ray Cisneros Jr. disclosed the sale of Spotify Technology S.A. (NYSE: SPOT) stock valued between $1,001 and $15,000, according to a periodic transaction report filed under the STOCK Act on July 2, 2026. The trade occurred on June 18, 2026.

SPOT Spotify Technology S.A.

$515.73 ▼ -10.31% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Rep. Gilbert Ray Cisneros Jr.'s Spotify Trade

The House lawmaker executed the sale on June 18, 2026, reporting the transaction weeks later on July 2, 2026. Under congressional disclosure rules, lawmakers report trades using broad dollar ranges rather than exact amounts. This particular disposal fell into the $1,001 to $15,000 bracket. The trade follows a string of other portfolio adjustments by the California Democrat, who has also disclosed recent stock purchases in companies like WuXi AppTec, Enerpac Tool Group, and YETI Holdings.

Other Institutional Activity in Spotify Technology S.A.

Fjarde Ap-Fonden / Fourth Swedish National Pension Fund cut its holdings by 92,520 shares, ending with 92,480 shares worth about $45,072,902. Baillie Gifford & Co trimmed its stake by 290,115 shares to finish with 7,928,451 shares valued at roughly $4,205,726,291. Wcm Investment Management, LLC grew its holdings by 425,311 shares, ending with 2,840,477 shares worth about $1,506,759,491. Jennison Associates LLC grew its holdings by 30,568 shares, ending with 2,809,432 shares worth about $1,490,291,360. Fisher Asset Management, LLC grew its holdings by 85,946 shares, ending with 2,674,677 shares worth about $1,418,809,220.

Spotify Technology S.A. Stock Down 0.3%

Spotify shares closed at $468.08 on the June 18 trade date. The stock recently traded around $522.47 as of October 16, 2026, which is up about 11.6% since the lawmaker's transaction. The streaming platform trades above both its 50-day moving average of $518.89 and its 200-day moving average of $497.84.

Recent Earnings

Spotify generated $18,113,000,000 in trailing-twelve-month revenue alongside basic trailing earnings of $17.40 per share. The audio giant posted a net profit margin of 18.4% and a return on equity of 44.5%. The company is scheduled to deliver its next quarterly financial results on October 22, 2026.

Insider Buying and Selling at Spotify Technology S.A.

Chief Executive Officer Alex Norstrom disposed of 5,436 shares on August 3, 2026, with a total value of $2,729,435. Chief Executive Officer Gustav Stig Victor Soderstrom shed 20,833 shares valued at $10,567,336 on August 3, 2026, followed by another sale of 20,913 shares worth $11,380,738 on September 14, 2026. Officer Dustee Jenkins parted with 3,810 shares worth $1,954,343 on August 14, 2026.

Analysts Set New Price Targets

On August 5, 2026, Cantor Fitzgerald maintained a Neutral rating on Spotify and raised its price target from $510.00 to $530.00. Argus Research reiterated a Buy rating and a $600.00 target on August 13, 2026. Evercore ISI Group kept an Outperform rating on September 29, 2026, while lifting its target from $650.00 to $700.00. Keybanc maintained an Overweight rating on October 1, 2026, adjusting its target down from $680.00 to $660.00. UBS kept a Buy rating on October 5, 2026, moving its target from $690.00 to $675.00. Overall, the company holds a consensus buy recommendation from 37 analysts who carry a mean price target of $599.22.

About Spotify Technology S.A.

Spotify Technology S.A. operates a global digital music, podcast, and audiobook streaming platform. Headquartered in Stockholm, Sweden, the company connects millions of creators and listeners through its ad-supported and premium subscription tiers.

Bottom Line

The disclosure details a modest congressional trade executed earlier in the summer. Investors will look toward Spotify's upcoming earnings release on October 22, 2026, for further insight into subscriber growth and profit trends.