Insider Selling: Sumit Sadana Sells 15,163 Shares of SanDisk Corp. Stock (SNDK)
SanDisk Corp. (NASDAQ:SNDK) SVP Sumit Sadana sold 15,163 shares of SanDisk Corp. stock on the open market in a transaction dated Thursday, January 30th. The stock was sold at an average price of $70.50, for a total value of $1,068,991.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SanDisk Corp. (NASDAQ:SNDK) traded down 0.97% on Friday, hitting $69.55. The stock had a trading volume of 4,555,748 shares. SanDisk Corp. has a 1-year low of $48.88 and a 1-year high of $74.14. The stock has a 50-day moving average of $70.33 and a 200-day moving average of $64.40. The company has a market cap of $15.666 billion and a P/E ratio of 16.18.
SanDisk Corp. (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.57 by $0.14. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that SanDisk Corp. will post $5.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 24th. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, January 30th.
A number of research firms have recently commented on SNDK. Analysts at Zacks reiterated a “neutral” rating on shares of SanDisk Corp. in a research note to investors on Wednesday. They now have a $73.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of SanDisk Corp. from $75.00 to $80.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of SanDisk Corp. in a research note to investors on Thursday, January 23rd. They now have a $75.00 price target on the stock, up previously from $65.00. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $73.61.
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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