1,160 Shares in Spotify Technology $SPOT Bought by Militia Capital Management LLC

Posted by Francis Steltz on Aug 4th, 2026

Militia Capital Management LLC acquired a new stake in Spotify Technology (NYSE:SPOT – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 1,160 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors also recently bought and sold shares of the company. Quadcap Wealth Management LLC raised its position in Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after buying an additional 16 shares during the last quarter. Objectivity Squared LLC increased its stake in shares of Spotify Technology by 0.8% during the fourth quarter. Objectivity Squared LLC now owns 2,582 shares of the company’s stock worth $1,499,000 after acquiring an additional 20 shares during the period. Greenleaf Trust increased its stake in shares of Spotify Technology by 5.8% during the fourth quarter. Greenleaf Trust now owns 455 shares of the company’s stock worth $264,000 after acquiring an additional 25 shares during the period. Condor Capital Management raised its holdings in Spotify Technology by 2.6% during the fourth quarter. Condor Capital Management now owns 990 shares of the company’s stock worth $575,000 after purchasing an additional 25 shares in the last quarter. Finally, Carl P. Sherr & Co. LLC lifted its position in Spotify Technology by 0.7% in the first quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after purchasing an additional 27 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SPOT shares. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Citizens Jmp increased their target price on Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research note on Friday, May 22nd. Weiss Ratings cut Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. UBS Group decreased their price target on Spotify Technology from $735.00 to $690.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Guggenheim dropped their price objective on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $629.73.

Read Our Latest Stock Report on Spotify Technology

Insider Buying and Selling

In other news, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the sale, the director directly owned 6,383 shares in the company, valued at approximately $3,355,734.59. This trade represents a 84.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the sale, the chief executive officer owned 20,259 shares of the company’s stock, valued at approximately $9,692,918.55. The trade was a 50.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 90,609 shares of company stock valued at $45,784,363 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

Spotify Technology Trading Down 3.0%

SPOT stock opened at $485.12 on Tuesday. The company has a market cap of $99.88 billion, a P/E ratio of 38.66, a P/E/G ratio of 1.24 and a beta of 1.58. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $748.30. The company’s 50-day moving average price is $485.47 and its 200 day moving average price is $485.78.

Spotify Technology Profile

(Free Report)

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.