Insider Selling: Pandora Media CRO Sells 40,000 Shares of Stock (P)
Pandora Media (NYSE:P) CRO John Trimble unloaded 40,000 shares of Pandora Media stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $24.64, for a total transaction of $985,600.00. Following the completion of the transaction, the executive now directly owns 112,900 shares in the company, valued at approximately $2,781,856. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Singular Research reiterated a “sell” rating on shares of Pandora Media in a research note on Monday, July 28th. They now have a $17.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pandora Media in a research note on Friday, July 25th. They now have a $42.00 price target on the stock, up previously from $41.00. Finally, analysts at Goldman Sachs raised their price target on shares of Pandora Media to $36.00 in a research note on Friday, July 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.64.
Pandora Media (NYSE:P) traded up 3.10% during mid-day trading on Monday, hitting $25.30. 5,395,785 shares of the company’s stock traded hands. Pandora Media has a 52 week low of $17.97 and a 52 week high of $40.44. The stock has a 50-day moving average of $27.1 and a 200-day moving average of $29.65. The company’s market cap is $5.224 billion.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $218.90 million for the quarter, compared to the consensus estimate of $218.54 million. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. On average, analysts predict that Pandora Media will post $0.18 earnings per share for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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