Spotify Stock Has Surged. How Much Its Founders Made Selling Shares. - Barron's
1. CEO Daniel Ek sold $257 million in shares, plans $37 million more. 2. Spotify shares surged 52% in three months, 165% over the past year. 3. Recent price hikes may deter customer retention and future growth. 4. Valuation concerns arise with a forward P/E of 60 times earnings. 5. Analysts give Spotify a mixed outlook, with minimal price target increases.