Pandora Releases August Metrics, Westergren Sells Stock

Pandora Media Director Timothy Westergren sold 85,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 3rd.

The stock was sold at an average price of $18.64, for a total value of $1,584,400.00. Following the transaction, the director now directly owns 340,000 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Meanwhile, Pandora announced today new metrics that were reached in the month of August 2013.

• Listener hours for Pandora during the month of August 2013 were 1.35 billion, an increase of 16% from 1.16 billion during the same period last year.
• Share of total U.S. radio listening for Pandora in August 2013 was 7.46%, an increase from 6.30% at the same time last year.
• Active listeners were 72.1 million at the end of August 2013, an increase of 28% from 56.2 million during the same time period last year.