SanDisk CFO Judy Bruner Sells 39,300 Shares (SNDK)
SanDisk (NASDAQ:SNDK) CFO Judy Bruner sold 39,300 shares of SanDisk stock on the open market in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $83.42, for a total transaction of $3,278,406.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of SanDisk (NASDAQ:SNDK) traded down 0.18% on Wednesday, hitting $84.65. The stock had a trading volume of 3,133,014 shares. SanDisk has a 52-week low of $50.90 and a 52-week high of $85.37. The stock’s 50-day moving average is $78.38 and its 200-day moving average is $71.84. The company has a market cap of $19.118 billion and a price-to-earnings ratio of 17.62.
SanDisk (NASDAQ:SNDK) last released its earnings data on Wednesday, April 16th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company posted $0.84 earnings per share. SanDisk’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that SanDisk will post $6.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 27th. Shareholders of record on Monday, May 5th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 1st.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of SanDisk from $80.00 to $90.00 in a research note on Thursday, April 17th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of SanDisk from $85.00 to $92.00 in a research note on Thursday, April 17th. Finally, analysts at Raymond James raised their price target on shares of SanDisk from $83.00 to $90.00 in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.41.
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.