Pandora Media, Inc. (P) Files Form 4 Insider Selling : Christopher Douglas Martin Sells 2,000 Shares

Pandora Media, Inc. (P): Christopher Douglas Martin , Chief Technology Officer of Pandora Media, Inc. sold 2,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $10.10 per share for a total value of $20,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Christopher Douglas Martin (Chief Technology Officer) sold 2,000 shares at $9.88 per share price.On May 3, 2016, Michael S Herring (CFO) purchased 50,000 shares at $9.21 per share price.Also, On Sep 18, 2015, Simon Fleming-wood (Chief Marketing Officer) sold 8,871 shares at $19.15 per share price.On Jun 2, 2015, Capital Inc Crosslink (other) sold 250,000 shares at $18.72 per share price.

Shares of Pandora Media Inc (P) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -1.19% at $9.98 with 70,98,601 shares getting traded. Post opening the session at $10.1, the shares hit an intraday low of $9.87 and an intraday high of $10.19 and the price vacillated in this range throughout the day. The company has a market cap of $2,283 M and the number of outstanding shares has been calculated to be 22,87,77,600 shares. The 52-week high of Pandora Media Inc is $22.6 and the 52-week low is $7.1.

Pandora Media Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pandora Media Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 19, 2016.Pandora Media Inc is Initiated by Citigroup to Buy and the brokerage firm has set the Price Target at $16. The Rating was issued on Apr 12, 2016.Pandora Media Inc is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $10. The Rating was issued on Mar 30, 2016.Pandora Media Inc is Reiterated by MKM Partners to Neutral while Lowering the Price Target of the company shares to $ 11.50 from a previous price target of $18 . The Rating was issued on Feb 29, 2016.

Pandora Media Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones tablets computers and car audio systems as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips audio on supported devices and timeout-free listening. The Company’s technologies include Music Genome Project and Comedy Genome Project.

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Pandora Media Inc - Is it time to Sell?

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