SanDisk Corp. CEO Sanjay Mehrotra Sells 65,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) CEO Sanjay Mehrotra sold 65,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $60.25, for a total value of $3,916,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Sterne Agee reiterated a “positive” rating on shares of SanDisk Corp. (NASDAQ:SNDK) in a research note to investors on Wednesday, September 4th. Separately, analysts at RBC Capital raised their price target on shares of SanDisk Corp. (NASDAQ:SNDK) from $75.00 to $76.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of SanDisk Corp. (NASDAQ:SNDK) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $65.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $66.77.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded down 1.01% during mid-day trading on Thursday, hitting $60.08. 2,559,907 shares of the company’s stock traded hands. SanDisk Corp. has a 52-week low of $38.47 and a 52-week high of $63.97. The stock’s 50-day moving average is $57.13 and its 200-day moving average is $56.86. The company has a market cap of $14.443 billion and a price-to-earnings ratio of 20.76.
SanDisk Corp. (NASDAQ:SNDK) last announced its earnings results on Wednesday, July 17th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.28. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.21 earnings per share. SanDisk Corp.’s revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that SanDisk Corp. will post $4.75 earnings per share for the current fiscal year.
SanDisk Corporation designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.