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Pandora Media Director Buys 45,000 Shares (P)

Barry McCarthy, Director at Pandora Media Inc. (NYSE: P), last week bought 45,000 shares of Pandora common stock at a cost of $10.45 per share or a total investment of $470,180.

This is the second time McCarthy has bought Pandora Media shares in the past twelve months. McCarthy previously bought $1.15 million worth of Pandora Media shares.

Pandora Media shares rose marginally in Monday’s trading session. The stock ended the day 0.40% higher at $10. Year-to-date, the stock fell 0.1%, compared with a gain of 1.63% for the S&P 500.

Recently, Pandora Media released its first-quarter financial results. For the first quarter of fiscal 2013, Pandora Media reported total revenue of $80.8 million, representing an increase of 58% over the same period in the previous year. Advertising revenue for the quarter stood at $70.6 million, up 62% on a year-over-year basis. The company’s subscription and other revenue was $10.2 million, up 38% over the same period in the previous year.

Pandora Media reported net loss of $0.12 per share for the quarter. On a non-GAAP basis, the company’s net loss per share was $0.09.

Pandora Media ended the quarter with cash, cash equivalents and short-term investments of $80.6 million.

During the quarter, Pandora Media’s total listener hour grew 92% to 3.09 billion.

Looking ahead, the company expects second-quarter revenue to come in between $99 million and $101 million. Non-GAAP net loss per share for the second quarter is expected to come in between $0.03 and $0.05.

For the full fiscal year, Pandora Media expects revenue to come in between $420 million and $427 million. Non-GAAP loss per share for the full year is expected to be between $0.07 and $0.11.

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All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.