Crosslink Capital Disposed 1.5 Million Shares of Pandora Media Inc (P)

Crosslink Capital, managed by Seymour Sy Kaufman and Michael Stark, dumped 1.5 million shares of Pandora Media Inc (NYSE:P). According to the filing with the Securities and Exchange Commission, 1.0 million shares of the company have been distributed to investors for no considerations, while 500,000 shares have been sold at $35.87 per share. After the transactions, Crosslink Capital owns 18.77 million shares of the company.

pandora

There are other hedge fund managers who have been bullish about Pandora Media Inc (NYSE:P). Crosslink Capital, even after reducing its stake in the company, still remains the largest shareholder. Among other hedge funds from our database, Philippe Laffont’s Coatue Management reported an ownership of 5.71 million shares of the company in its latest 13F, boosting the position by 4.58 million shares over the quarter. Donald Chiboucis’s Columbus Circle Investors has also been bullish during the last quarter of 2013 and upped its stake by 1.72 million shares to some 5.67 million shares.

Crosslink Capital is a fund that is as vertically integrated as investing gets. It invests heavily in services and technology sectors, picking companies at all stages from seed financing to the public markets.

Pandora Media Inc (NYSE:P) is an internet radio operator in the United States. The company had over 125 million registered users as of January, 2012. The company’s the Music Genome Project characterized by an algorithm which predicts listeners’ music preferences and offers new music that fits the subscribers’ taste. The company generates revenue from advertising. The company provides service through Free Service and Pandora One.

Disclosure: none

Recommended Reading:

Ackman’s Pershing Square Cuts Its Stake in Beam Inc (BEAM)

John Burbank’s Largest Stock Picks

Jonathan Auerbach’s Hound Partners’ Top Stock Picks

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

The 10 Most Deadly Diseases in the World Today

The 5 Most Expensive Luxury Motorhomes in the World

20 Largest Stock Exchanges in the World

6 Richest Painters In The World 2014

The 6 Countries with the Best Hospitals In The World

10 Largest Beer Brewing Companies in the World

The 10 Richest Fitness Gurus In the World to Pump You Up

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!