SPOT Spotify Technology S.A.
XNYS
572.36
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SPOT
$572.36
—
Key stats
$572.36
Pre-market
$572.13
-0.04%
- 52-Week Range
- $405.00 – $673.16
- YTD
- -0.46%
- IV Rank (30D)
- 16.64
- Straddle Price
- $52.55
- P/C Vol Ratio
- 2.40
- Market Cap
- $120.1B
- Open
- $580.22
- Day Range
- $565.66 – $583.76
- Volume
- 1,929,335
- Prev Close
- $584.22
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.13% |
| Beta vs SPY | 1.20 |
| Cost of Equity (CAPM) | 10.96% (VRP-adj) |
| WACC | 11.49% |
| Volatility Risk Premium | -0.0pp (IV − HV30), ERP adj -15bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $526.01 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $518.23 |
| Bollinger Width / SMA20 | 4.3% (drives anchor stability) |
| Net Debt | $-6.2B |
Peers used for multiples: AMZN, DIS, GOOGL, META, MSGE, NFLX, NVDA, ROKU
60-Day Conviction
37%
20-Day Fair Value
≈ by Nov 24, 2026
$581.09
α +1.5%
rank 36%
conviction
77%
40-Day Fair Value
≈ by Dec 23, 2026
$581.28
α +1.6%
rank 35%
conviction
52%
60-Day Fair Value
≈ by Jan 21, 2027
$578.42
α +1.1%
rank 32%
conviction
37%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 22.3× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 17.1× · 8 peers |
| Peer P/B | n/a | 0% | median 7.3× · 8 peers |
| Peer P/S | n/a | 0% | median 5.1× · 8 peers |
| Market Anchor (SMA50) | $526.01 | 67% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $582.83 | 33% | 62 strikes · skew -0.17 |
As of 2026-10-26 · updated
Related
About
- Industry (SIC)
- RADIO BROADCASTING STATIONS (4832) · industry map
- Exchange
- XNYS
- Market Cap
- $120.1B
- Employees
- 7,284
- List Date
- 2018-04-03
- CIK
- 0001639920
- Homepage
- https://www.spotify.com
Spotify is the leading global music streaming service, with over 800 million monthly active users and more than 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on …
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.29% | -19.62% | 37.63% | 14.06% | 19.83% | -12.98% | 6.70% |
| Feb | -7.60% | -23.29% | -1.56% | 17.10% | 10.73% | 1.25% | -0.56% |
| Mar | -16.60% | -0.15% | 14.01% | 0.06% | -8.31% | -4.41% | -2.57% |
| Apr | -7.68% | -33.86% | -2.08% | 5.26% | 11.28% | -4.99% | -5.34% |
| May | -2.47% | 3.59% | 7.56% | 4.30% | 10.44% | 12.72% | 6.02% |
| Jun | 14.01% | -14.70% | 4.31% | 0.05% | 14.19% | -9.58% | 1.38% |
| Jul | -14.88% | 15.89% | -6.94% | 9.59% | -13.26% | 6.07% | -0.59% |
| Aug | 2.60% | -6.24% | 2.08% | 1.90% | 8.73% | 11.78% | 3.48% |
| Sep | -5.47% | -18.98% | -1.85% | 12.15% | 1.22% | -10.43% | -3.89% |
| Oct | 26.19% | -9.46% | 4.21% | 2.58% | -6.47% | 16.48%* | 5.59% |
| Nov | -20.75% | -0.94% | 10.43% | 24.05% | -7.02% | -- | 1.15% |
| Dec | 3.97% | -0.63% | 4.00% | -6.85% | 0.31% | -- | 0.16% |
| Total | -31.22% | -71.77% | 89.36% | 117.92% | 42.18% | 0.89% | 24.56% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $521.97
SMA 50: $527.20
SMA 200: $496.70
Current: $572.36
EMA 12: $544.24
EMA 26: $531.00
MACD: 13.2342 | Signal: 7.4284
BULLISH
ADX (14): 17.31
RANGE
+DI: 32.56
−DI: 19.01
Momentum Oscillators
RSI (14): 65.03
NEUTRAL
Stoch %K: 89.20
Stoch %D: 87.31
Williams %R: -19.72
Volume & Volatility
BB Upper: $583.12
BB Lower: $460.82
NEUTRAL
OBV: 71,866,809
Vol SMA 20: 1,756,193
Vol ROC: 87.45%
ATR: $21.09
True Range: $18.56
HV 20: 47.6%
HV 30: 44.8%
HV 60: 43.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Bullish MACD signal
- Oversold Bollinger Bands
- Recent positive news sentiment
Primary risks:
- Negative earnings surprise
- Regulatory changes affecting streaming industry
Investment thesis: SPOT has a mixed technical and fundamental profile. While the recent news headlines are generally positive, the stock's recent price action indicates overselling, which could be a buying opportunity.
Recent news sentiment impact: The recent negative headline about Spotify's stock drop had a significant impact on the market, causing the stock to fall.
Technical Analysis
Trend Direction: Short-term: BEARISH Medium-term: NEUTRAL Long-term: BULLISH
Support/Resistance Levels:
- SMA 20: $500.90 (resistance)
- SMA 50: $500.69 (support)
- Upper Bollinger Band: $552.95 (resistance)
Momentum Signals: RSI interpretation: NEUTRAL (30.34) MACD signal: BULLISH Bollinger Bands position: OVERSOLD
Volume Analysis:
- Volume SMA 20: 1948138.19 (strong buying interest)
- On-Balance Volume (OBV): 72687955.32 (strong buying interest)
News & Sentiment Analysis
Recent Headlines Summary: 4 positive news headlines, 2 neutral headlines
Sentiment Assessment: POSITIVE Catalyst Identification: No upcoming events or earnings releases
Market Narrative: The recent positive news sentiment has been reflected in the stock's price action, with the oversold Bollinger Bands indicating a potential buying opportunity.
Risk & Volatility Assessment
Beta Interpretation: Low risk (0.64) Volatility Regime: Low volatility Options Market Signals:
- IV rank: 25.9% (Medium)
- Current IV: 58.5%
- Expected Move: $48.62 (31 DTE)
Downside Protection: Support levels: SMA 50, Bollinger Band lower bound
Market Context & Positioning
Sector Performance: SPOT is outperforming the streaming industry sector Institutional Activity: Strong buying interest from institutions Correlation Analysis: Low correlation with market (0.18) Relative Valuation: Overvalued within trading range
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $500.90 (resistance)
- SMA 50: $500.69 (support)
Breakout/Breakdown Levels:
- Upper Bollinger Band: $552.95 (resistance)
Time-Sensitive Catalysts: No upcoming events or earnings releases
Risk Management: Stop-loss levels: below SMA 20, above SMA 50 Position sizing considerations: consider scaling in or out based on volatility and technical signals
Generated
News
All SPOT news →
The company's third quarter was marked by double-digit growth.
The streaming platform has a simple formula for success.
AI-driven recommendations and audiobook expansion are creating new engagement layers that could compound subscriber value beyond music alone.
Premium revenue surged 15% as gross margin expanded to 33%.
Showing 1–10 of 47
Page 1 of 5
SPOT Options Activity & IV Rank
SPOT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 38.7%
7-DTE IV: 41.9%
Expected Move: $52.55
7-DTE Move: $22.05
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 241
Put Volume: 579
P/C Volume: 2.402
BEARISH
Call OI: 139
Put OI: 1,030
P/C OI: 7.41
Total OI: 1,169
ATM Options Pricing
ATM Call: $29.32
ATM Put: $23.23
Call %: 5.1%
Put %: 4.1%
Chain Summary
Chain Volume: 17,592
Chain OI: 106,269
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 83rd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
83%
vs own history
GEX tilt
+0.37
OI-weighted, today
Vanna tilt
+0.33
δ-sensitivity to IV
Charm tilt
+0.03
δ-decay vs time
Vanna tilt +0.33: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 274 ATM contracts, 29k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
72%
+4.6
pts
EXTREME
as of Oct 26 · ATM 40.0% / Wing 44.6%
30 DTE / 10d
21%
+1.7
pts
EXTREME
as of Oct 26 · ATM 38.8% / Wing 40.5%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)15.3LowOct 26
IV Rank (30 DTE)16.6LowOct 26
Straddle Price (30 DTE)$52.55Oct 26
Beta Analysis
Risk Metrics
Beta: 0.2792
Alpha: -5.18%
Correlation: 0.0768
R-Squared: 0.6%
Stock Volatility: 46.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own SPOT
10 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Coatue Management Hedge fund Philippe Laffont | $601.8M | #22 of 66 | -0.8% | 13F | |
| Tiger Global Hedge fund Chase Coleman | $537.8M | #16 of 46 | -25.9% | 13F | |
| Point72 Hedge fund Steve Cohen | $388.0M | #20 of 1945 | -7.8% | 13F | |
| Citadel Hedge fund Ken Griffin | $260.6M | #127 of 6285 | -29.8% | 13F | |
| ValueAct Capital Activist Jeff Ubben, Mason Morfit | $241.9M | #9 of 18 | +46.9% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $91.5M | #136 of 4729 | +26.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $60.2M | #273 of 3138 | -33.8% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $42.0M | #701 of 3716 | -66.9% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $14.8M | #263 of 997 | -11.5% | 13F | |
| Markel Group Holding company Tom Gayner | $11.9M | #101 of 130 | 0.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SPOT Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 210,509,173 (as of 2025-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
59 filers$3.32B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $906.60M | 27.27% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $804.21M | 24.19% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $279.93M | 8.42% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $261.80M | 7.87% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $205.57M | 6.18% | 2025-09-30 |
| 6 | UBS Group AG Custodian | $147.56M | 4.44% | 2026-06-30 |
| 7 | Walleye Trading LLC | $112.85M | 3.39% | 2026-06-30 |
| 8 | TUDOR INVESTMENT CORP ET AL | $86.45M | 2.60% | 2026-06-30 |
| 9 | Optiver Holding B.V. | $73.28M | 2.20% | 2026-06-30 |
| 10 | Cubist Systematic Strategies, LLC | $41.95M | 1.26% | 2025-09-30 |
| 11 | D. E. Shaw & Co., Inc. Custodian | $41.73M | 1.26% | 2026-06-30 |
| 12 | Point72 Asset Management, L.P. | $41.00M | 1.23% | 2026-06-30 |
| 13 | Squarepoint Ops LLC | $33.88M | 1.02% | 2026-06-30 |
| 14 | Qube Research & Technologies Ltd | $28.37M | 0.85% | 2026-06-30 |
| 15 | Barclays PLC Custodian | $27.18M | 0.82% | 2026-06-30 |
| 16 | Millennium Management LLC Custodian | $23.37M | 0.70% | 2026-06-30 |
| 17 | SCOPUS ASSET MANAGEMENT, L.P. | $22.96M | 0.69% | 2026-06-30 |
| 18 | Simplex Trading, LLC Custodian | $19.24M | 0.58% | 2026-06-30 |
| 19 | PEAK6 LLC | $18.32M | 0.55% | 2026-06-30 |
| 20 | LMR Partners LLP | $13.77M | 0.41% | 2026-06-30 |
| 21 | GROUP ONE TRADING LLC Custodian | $11.89M | 0.36% | 2026-06-30 |
| 22 | NOMURA HOLDINGS INC | $10.79M | 0.32% | 2026-06-30 |
| 23 | Limestone Investment Advisors LP | $10.10M | 0.30% | 2026-06-30 |
| 24 | Man Group plc | $9.87M | 0.30% | 2026-06-30 |
| 25 | Laurion Capital Management LP | $9.64M | 0.29% | 2026-06-30 |
55 filers$3.00B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.01B | 33.64% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $481.17M | 16.03% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $387.00M | 12.90% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $269.78M | 8.99% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $148.10M | 4.93% | 2025-09-30 |
| 6 | Barclays PLC Custodian | $92.51M | 3.08% | 2026-06-30 |
| 7 | Optiver Holding B.V. | $62.95M | 2.10% | 2026-06-30 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $47.75M | 1.59% | 2026-06-30 |
| 9 | Cubist Systematic Strategies, LLC | $44.25M | 1.47% | 2025-09-30 |
| 10 | Millennium Management LLC Custodian | $43.98M | 1.47% | 2026-06-30 |
| 11 | Walleye Trading LLC | $43.94M | 1.46% | 2026-06-30 |
| 12 | PEAK6 LLC | $38.20M | 1.27% | 2026-06-30 |
| 13 | Point72 Asset Management, L.P. | $31.82M | 1.06% | 2026-06-30 |
| 14 | UBS Group AG Custodian | $27.27M | 0.91% | 2026-06-30 |
| 15 | Bank of Montreal Custodian | $23.42M | 0.78% | 2026-06-30 |
| 16 | Simplex Trading, LLC Custodian | $21.17M | 0.71% | 2026-06-30 |
| 17 | Centiva Capital, LP | $21.12M | 0.70% | 2026-06-30 |
| 18 | CREDIT AGRICOLE S A | $20.66M | 0.69% | 2026-06-30 |
| 19 | Qube Research & Technologies Ltd | $18.96M | 0.63% | 2026-06-30 |
| 20 | Squarepoint Ops LLC | $15.79M | 0.53% | 2026-06-30 |
| 21 | Walleye Capital LLC | $14.60M | 0.49% | 2026-06-30 |
| 22 | GROUP ONE TRADING LLC Custodian | $14.05M | 0.47% | 2026-06-30 |
| 23 | LMR Partners LLP | $13.77M | 0.46% | 2026-06-30 |
| 24 | Balyasny Asset Management L.P. | $12.63M | 0.42% | 2026-06-30 |
| 25 | Man Group plc | $9.87M | 0.33% | 2026-06-30 |
SPOT Insider Trading (Form 4)
Latest: 2026-10-14Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | Gustav Soderstrom | Co-Chief Executive Officer | Mixed | — | $340.69 | -$7.92M | EDGAR |
| 2026-10-05 | Christian Luiga | Chief Financial Officer | Tax (F) | −105 | $487.38 | -$51.2K | EDGAR |
| 2026-10-05 | Gustav Soderstrom | Co-Chief Executive Officer | Tax (F) | −116 | $487.38 | -$56.8K | EDGAR |
| 2026-10-05 | Anna Lundstrom | Chief Human Resources Officer | Tax (F) | −250 | $487.38 | -$121.9K | EDGAR |
| 2026-10-05 | Alex Norstrom | Co-Chief Executive Officer | Tax (F) | −808 | $487.38 | -$394.2K | EDGAR |
| 2026-10-05 | Dustee Jenkins | Chief Public Affairs Officer | Mixed | +1,607 | $487.38 | -$208.3K | EDGAR |
| 2026-10-05 | John P Giraldo | Chief Accounting Officer | Tax (F) | −41 | $487.38 | -$20.4K | EDGAR |
| 2026-09-16 | Gustav Soderstrom | Co-Chief Executive Officer | Mixed | — | $347.72 | -$8.22M | EDGAR |
| 2026-09-03 | Gustav Soderstrom | Co-Chief Executive Officer | Tax (F) | −117 | $543.62 | -$63.7K | EDGAR |
| 2026-09-03 | Christian Luiga | Chief Financial Officer | Tax (F) | −105 | $543.62 | -$57.1K | EDGAR |
| 2026-09-03 | Alex Norstrom | Co-Chief Executive Officer | Tax (F) | −809 | $543.62 | -$439.8K | EDGAR |
| 2026-09-03 | Dustee Jenkins | Chief Public Affairs Officer | Tax (F) | −427 | $543.62 | -$232.7K | EDGAR |
| 2026-09-03 | Anna Lundstrom | Chief Human Resources Officer | Tax (F) | −248 | $543.62 | -$135.1K | EDGAR |
| 2026-08-18 | Dustee Jenkins | Chief Public Affairs Officer | Mixed | −2,088 | $400.34 | -$1.69M | EDGAR |
| 2026-08-05 | Alex Norstrom | Co-Chief Executive Officer | Mixed | — | $326.68 | -$1.91M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
SPOT Insider Holdings
13 insiders · @ $572.36
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Sven Hans Martin Lorentzon | Director | 19,006,383 | $10.88B | -$18.60M | 2 | 2026-05-29 |
| 2 | Christopher P Marshall | Director | 657,218 | $376.17M | -$1.38M | 2 | 2026-05-29 |
| 3 | BARRY McCARTHY | Director | 351,332 | $201.09M | $0 | 2 | 2026-05-29 |
| 4 | Alex Norstrom | Co-Chief Executive Officer | 65,155 | $37.29M | -$13.01M | 10 | 2026-10-05 |
| 5 | Gustav Soderstrom | Co-Chief Executive Officer | 39,732 | $22.74M | -$72.18M | 12 | 2026-10-14 |
| 6 | Dustee Jenkins | Chief Public Affairs Officer | 38,972 | $22.31M | -$1.95M | 8 | 2026-10-05 |
| 7 | Thomas O Staggs | Director | 32,190 | $18.42M | -$2.88M | 2 | 2026-05-29 |
| 8 | Theodore A Sarandos | Director | 19,413 | $11.11M | $0 | 1 | 2026-05-29 |
| 9 | Anna Lundstrom | Chief Human Resources Officer | 16,253 | $9.30M | $0 | 7 | 2026-10-05 |
| 10 | Padmasree Warrior | Director | 11,413 | $6.53M | $0 | 2 | 2026-05-29 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
SPOT Board & Officers
As of SEC filings through Oct 14, 2026Directors 12
- Alex Norstrom · since Mar 18, 2026
- BARRY McCARTHY · since Mar 18, 2026
- Christopher P Marshall · since Mar 18, 2026
- Daniel G. Ek · since Mar 18, 2026
- Gustav Soderstrom · since Mar 18, 2026
- Heidi O'Neill · since Mar 18, 2026
- Mona Sutphen · since Mar 18, 2026
- Padmasree Warrior · since Mar 18, 2026
- Shishir Mehrotra · since Mar 18, 2026
- Sven Hans Martin Lorentzon · since Mar 18, 2026
- Theodore A Sarandos · since Mar 18, 2026
- Thomas O Staggs · since Mar 18, 2026
Officers 6
- Alex Norstrom · Co-Chief Executive Officer · since Mar 18, 2026
- Gustav Soderstrom · Co-Chief Executive Officer · since Mar 18, 2026
- Christian Luiga · Chief Financial Officer · since Mar 18, 2026
- Anna Lundstrom · Chief Human Resources Officer · since Mar 18, 2026
- Dustee Jenkins · Chief Public Affairs Officer · since Mar 18, 2026
- John P Giraldo · Chief Accounting Officer · since Aug 19, 2026
Changes in the last 10 years (18)
| Aug 19, 2026 | John P Giraldo became Chief Accounting Officer |
| Mar 18, 2026 | Thomas O Staggs became a director |
| Mar 18, 2026 | Theodore A Sarandos became a director |
| Mar 18, 2026 | Sven Hans Martin Lorentzon became a director |
| Mar 18, 2026 | Shishir Mehrotra became a director |
| Mar 18, 2026 | Padmasree Warrior became a director |
| Mar 18, 2026 | Mona Sutphen became a director |
| Mar 18, 2026 | Heidi O'Neill became a director |
| Mar 18, 2026 | Gustav Soderstrom became a director |
| Mar 18, 2026 | Gustav Soderstrom became Co-Chief Executive Officer |
| Mar 18, 2026 | Dustee Jenkins became Chief Public Affairs Officer |
| Mar 18, 2026 | Daniel G. Ek became a director |
| Mar 18, 2026 | Christopher P Marshall became a director |
| Mar 18, 2026 | Christian Luiga became Chief Financial Officer |
| Mar 18, 2026 | BARRY McCARTHY became a director |
| Mar 18, 2026 | Anna Lundstrom became Chief Human Resources Officer |
| Mar 18, 2026 | Alex Norstrom became a director |
| Mar 18, 2026 | Alex Norstrom became Co-Chief Executive Officer |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
SPOT Proposed Insider Sales (Form 144)
Latest: 2026-09-14
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $48.5M notice value
· 2 unique filers
· 50% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Stig Gustav Victor Soderstrom (1, $46.5M) · DUSTEE JENKINS (1, $2.0M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-14 | Stig Gustav Victor Soderstrom | Officer | 83,643 | $46.53M | 2026-09-14 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-08-14 | DUSTEE JENKINS | Officer | 3,813 | $1.96M | 2026-08-14 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-07-06 | Alex Ming Norstroem | Officer | 10,872 | $5.25M | 2026-07-06 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-07-06 | Stig Gustav Victor Soderstrom | Officer | 41,666 | $20.13M | 2026-07-06 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-05-26 | THOMAS STAGGS | Director | 5,477 | $2.88M | 2026-05-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-05-26 | Christopher P. Marshall for the benefit of TCV VIII Management, L.L.C. and TCV XI Management, L.L.C. | Director | 2,650 | $1.38M | 2026-05-26 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-05-22 | MARTIN LORENTZON | Director | 35,380 | $18.60M | 2026-05-22 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-16 | Alex Ming Norstroem | Officer | 21,745 | $11.39M | 2026-03-16 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-03-16 | Stig Gustav Victor Soderstrom | Officer | 83,334 | $43.67M | 2026-03-16 | Goldman Sachs & Co. LLC | 10b5-1 | EDGAR |
| 2026-03-10 | DUSTEE JENKINS | Officer | 1,975 | $1.06M | 2026-03-10 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
129 ETFs hold SPOT
25 shown · $2.67B total exposure · 0.31% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.35% | $652.3M | $189.0B | 2026-10-23 |
| 2 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.28% | $347.0M | $123.5B | 2026-10-23 |
| 3 | EFA iShares MSCI EAFE ETF | iShares (BlackRock) | 0.40% | $307.7M | $76.4B | 2026-10-23 |
| 4 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.23% | $125.8M | — | 2026-09-30 |
| 5 | EWD iShares MSCI Sweden ETF | iShares (BlackRock) | 11.63% | $123.1M | $1.1B | 2026-10-23 |
| 6 | EFG iShares MSCI EAFE Growth ETF | iShares (BlackRock) | 0.82% | $122.3M | $14.9B | 2026-10-23 |
| 7 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.21% | $118.0M | $57.1B | 2026-10-23 |
| 8 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.28% | $113.6M | $40.7B | 2026-10-23 |
| 9 | IDEV iShares Core MSCI International Developed Markets ETF | iShares (BlackRock) | 0.30% | $102.2M | $33.7B | 2026-10-23 |
| 10 | CGGR Capital Group Growth ETF | Capitalgroup | 0.36% | $92.3M | $25.5B | 2026-10-23 |
| 11 | VT Vanguard Total World Stock ETF | Vanguard | 0.07% | $66.8M | — | 2026-09-30 |
| 12 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.13% | $63.7M | $48.7B | 2026-10-23 |
| 13 | IWY iShares Russell Top 200 Growth ETF | iShares (BlackRock) | 0.35% | $53.4M | $15.5B | 2026-10-23 |
| 14 | IEUR iShares Core MSCI Europe ETF | iShares (BlackRock) | 0.57% | $53.3M | $9.4B | 2026-10-23 |
| 15 | JIRE JPMorgan International Research Enhanced Equity ETF | JPMorgan | 0.42% | $45.7M | $10.9B | 2026-10-26 |
| 16 | ACWX iShares MSCI ACWI ex U.S. ETF | iShares (BlackRock) | 0.24% | $42.3M | $17.6B | 2026-10-23 |
| 17 | QGRO American Century U.S. Quality Growth ETF | Nport | 1.63% | $36.0M | — | 2026-05-31 |
| 18 | ESGD iShares ESG Aware MSCI EAFE ETF | iShares (BlackRock) | 0.28% | $33.1M | $11.8B | 2026-10-23 |
| 19 | JQUA JPMorgan U.S. Quality Factor ETF | JPMorgan | 0.32% | $30.4M | $9.5B | 2026-10-26 |
| 20 | ACWI iShares MSCI ACWI ETF | iShares (BlackRock) | 0.08% | $27.4M | $32.6B | 2026-10-23 |
| 21 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.13% | $25.5M | $20.4B | 2026-10-23 |
| 22 | DFUS Dimensional US Equity Market ETF | Dimensional | 0.12% | $25.1M | $21.7B | 2026-10-23 |
| 23 | BAFE Brown Advisory Flexible Equity ETF | Nport | 1.34% | $22.6M | — | 2026-06-30 |
| 24 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $21.7M | — | 2026-10-23 |
| 25 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.05% | $21.7M | — | 2026-10-23 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (8 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '25 | 2025-12-31 | — | — | — | — |
| Q4 '24 | 2024-12-31 | — | — | — | — |
| Q4 '23 | 2023-12-31 | — | — | — | — |
| Q4 '22 | 2022-12-31 | — | — | — | — |
| Q4 '21 | 2021-12-31 | — | — | — | — |
| Q4 '20 | 2020-12-31 | — | — | — | — |
| Q4 '19 | 2019-12-31 | — | — | — | — |
| Q4 '18 | 2018-12-31 | — | — | — | — |
Q4 2025 • period ending 2025-12-31 • filed 2026-02-10
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.26M
SI % of Float
2.46%
Days to Cover
2.92
Short Vol Ratio
50.9%
Free Float
173.23M
Float %
84.1%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-05-27