Spotify Reports EPS Miss as CEO Sells Shares and Investors Increase Holdings
An institutional investor increased its Spotify Technology stake during the quarter, including purchases by Jump Financial LLC and Cary Street Partners Financial LLC. Spotify reported $3.03 earnings per share, missing the $3.16 consensus estimate. After the sale, the chief executive officer owned 20,259 shares, and insiders sold 52,538 shares in the last quarter.