SanDisk Corp. SVP Sells $93,457 in Stock (SNDK)
SanDisk Corp. (NASDAQ:SNDK) SVP Yehoshua Nir unloaded 1,238 shares of SanDisk Corp. stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $75.49, for a total transaction of $93,456.62. Following the completion of the transaction, the senior vice president now directly owns 4,542 shares of the company’s stock, valued at approximately $342,876. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SNDK shares. Analysts at Sanford C. Bernstein raised their price target on shares of SanDisk Corp. from $95.00 to $100.00 in a research note on Wednesday, February 19th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SanDisk Corp. in a research note on Wednesday, January 29th. They now have a $73.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of SanDisk Corp. from $75.00 to $80.00 in a research note on Thursday, January 23rd. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $74.42.
Shares of SanDisk Corp. (NASDAQ:SNDK) traded up 0.91% on Wednesday, hitting $76.54. The stock had a trading volume of 2,869,015 shares. SanDisk Corp. has a one year low of $49.32 and a one year high of $77.00. The stock’s 50-day moving average is $72.16 and its 200-day moving average is $66.2. The company has a market cap of $17.241 billion and a P/E ratio of 17.48.
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. Analysts expect that SanDisk Corp. will post $5.76 EPS 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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