Spotify Technology $SPOT Shares Newly Bought by Provenance Wealth Advisors LLC

Posted by George Bondi on Nov 5th, 2026

Provenance Wealth Advisors LLC purchased a new stake in Spotify Technology (NYSE:SPOT – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,514 shares of the company’s stock, valued at approximately $738,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. bought a new stake in Spotify Technology during the 2nd quarter worth approximately $27,000. Whipplewood Advisors LLC raised its stake in shares of Spotify Technology by 423.1% in the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Palladiem LLC purchased a new stake in shares of Spotify Technology in the first quarter worth approximately $34,000. Tsfg LLC lifted its holdings in shares of Spotify Technology by 39.7% in the second quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after purchasing an additional 23 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Spotify Technology by 142.9% in the third quarter. Elevation Wealth Partners LLC now owns 85 shares of the company’s stock valued at $41,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPOT shares. Argus reaffirmed a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. Benchmark lowered their price target on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Barclays raised their price objective on Spotify Technology from $565.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Rosenblatt Securities restated a “neutral” rating and set a $527.00 price objective on shares of Spotify Technology in a research note on Tuesday, October 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $580.00 price objective (up from $540.00) on shares of Spotify Technology in a report on Friday, October 23rd. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $620.07.

Check Out Our Latest Research Report on SPOT

Insiders Place Their Bets

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the transaction, the chief executive officer owned 20,025 shares in the company, valued at $10,897,404.75. This represents a 51.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Stock Up 4.6%

Shares of NYSE SPOT opened at $627.47 on Thursday. The company has a market capitalization of $129.19 billion, a PE ratio of 41.60, a PEG ratio of 1.86 and a beta of 1.49. The stock’s 50 day moving average price is $534.62 and its 200-day moving average price is $499.47. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $668.49.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.28 earnings per share. As a group, research analysts expect that Spotify Technology will post 13.66 EPS for the current fiscal year.

Spotify Technology Company Profile

(Free Report)

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.