SanDisk Corp. Director Catherine Lego Sells 8,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) Director Catherine Lego unloaded 8,000 shares of SanDisk Corp. stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $59.88, for a total transaction of $479,040.00. Following the sale, the director now directly owns 4,342 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
SNDK has been the subject of a number of recent research reports. 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 investment 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 a consensus price target of $66.77.
SanDisk Corp. (NASDAQ:SNDK) traded down 1.01% on Thursday, hitting $60.08. The stock had a trading volume of 2,559,907 shares. SanDisk Corp. has a one year low of $38.47 and a one year high of $63.97. The stock has a 50-day moving average of $57.13 and a 200-day moving average of $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 (EPS) for the quarter, beating the 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 43.0% on a year-over-year basis. 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.
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