Insider Selling: Donald F. Robertson, Jr. Sells 7,293 Shares of SanDisk Stock (SNDK)
SanDisk (NASDAQ:SNDK) CAO Donald F. Robertson, Jr. sold 7,293 shares of SanDisk stock on the open market in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $90.00, for a total value of $656,370.00. Following the sale, the chief accounting officer now directly owns 4,345 shares in the company, valued at approximately $391,050. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of SanDisk (NASDAQ:SNDK) opened at 90.93 on Tuesday. SanDisk has a one year low of $53.09 and a one year high of $91.24. The stock has a 50-day moving average of $82.24 and a 200-day moving average of $73.8. The company has a market cap of $20.613 billion and a price-to-earnings ratio of 18.89.
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 $6.06 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 0.99%. The ex-dividend date of this dividend is Thursday, May 1st.
A number of research firms have recently commented on SNDK. Analysts at Wedbush raised their price target on shares of SanDisk from $92.00 to $98.00 in a research note on Friday. Separately, analysts at Robert W. Baird raised their price target on shares of SanDisk from $72.00 to $85.00 in a research note on Friday. Finally, analysts at Stifel Nicolaus raised their price target on shares of SanDisk from $86.00 to $95.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $90.13.
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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