SanDisk Corp. Director Catherine Lego Sells 6,000 Shares (SNDK)
SanDisk Corp. (NASDAQ:SNDK) Director Catherine Lego unloaded 6,000 shares of SanDisk Corp. stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $60.94, for a total transaction of $365,640.00. Following the completion of the sale, the director now directly owns 4,342 shares in the company, valued at approximately $264,601. 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 Cowen and Company raised their price target on shares of SanDisk Corp. from $60.00 to $64.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of SanDisk Corp. to $75.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of SanDisk Corp. in a research note to investors on Thursday, October 3rd. They now have a $70.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $66.93.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded up 1.27% during mid-day trading on Thursday, hitting $62.26. 2,772,096 shares of the company’s stock traded hands. SanDisk Corp. has a 1-year low of $38.47 and a 1-year high of $63.97. The stock has a 50-day moving average of $59.26 and a 200-day moving average of $58.02. The company has a market cap of $14.967 billion and a P/E ratio of 21.03.
SanDisk Corp. (NASDAQ:SNDK) last released its earnings data 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 $4.78 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.