Form 4 Spotify Technology S.A. For: 5 October By Investing.com - Investing.com Canada

Event overview: Spotify Technology stock in focus Spotify Technology (SPOT) has just widened its audiobook reach from 22 to more than 180 countries and renewed its multiyear Joe Rogan licensing deal, putting the stock back under the microscope for investors. These audiobook and podcast updates arrive after a mixed price run for Spotify Technology, with the 7 day share price return of 8.1% and 90 day gain of 8.7% contrasting with a year to date decline of 8.3% and a 1 year total shareholder return down 22.8%. This hints that near term momentum is improving, while longer term holders have experienced a much rougher path. Spot similar audio and media plays that could be setting up their next leg higher by screening for 20 high quality undiscovered gems in the broader streaming and content space. Spotify Technology now appears to be a stronger audio platform on paper after the audiobook push and Rogan renewal. The open question is whether that improved story is already fully reflected in the current share price. Most Popular Narrative: 11% Undervalued Spotify Technology’s most followed valuation story points to a fair value of $593.77 versus the last close at $527.45.

Spotify has launched a brand to sell the software it built for its own engineers to other companies. The brand, Spotify Technology, groups four products – Portal, Confidence, Xirp, and Spotify for Backstage – under one name, with its own website at technology.spotify.com. The launch was announced by Tyson Singer, Spotify’s SVP of Technology and Platform, in a blog post dated October 7. In the post, Singer wrote that Spotify Technology “is becoming the R&D operating system.”“I get asked a version of this question every day: why is Spotify in the business of selling software?” wrote Singer. “The truth is, the Spotify you know and love is more than a great streaming service. Behind our consumer app are hundreds of cross-functional squads shipping products and code day in, day out. “The truth is, the Spotify you know and love is more than a great streaming service.