SanDisk Director Catherine P. Lego Unloads 2,500 Shares (SNDK)
SanDisk (NASDAQ:SNDK) Director Catherine P. Lego sold 2,500 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $98.19, for a total value of $245,475.00. Following the completion of the sale, the director now directly owns 4,342 shares of the company’s stock, valued at approximately $426,341. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
SanDisk (NASDAQ:SNDK) traded up 1.22% on Tuesday, hitting $103.24. The stock had a trading volume of 5,452,577 shares. SanDisk has a 1-year low of $53.09 and a 1-year high of $103.95. The stock has a 50-day moving average of $93.33 and a 200-day moving average of $78.94. The company has a market cap of $23.403 billion and a price-to-earnings ratio of 21.19.
SanDisk (NASDAQ:SNDK) last released its earnings data on Wednesday, April 16th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that SanDisk will post $6.08 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of SanDisk in a research note on Tuesday. They now have a $112.00 price target on the stock. Separately, analysts at Credit Agricole upgraded shares of SanDisk from an “underperform” rating to an “outperform” rating in a research note on Tuesday. Finally, analysts at Cowen and Company raised their price target on shares of SanDisk from $80.00 to $90.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. SanDisk currently has a consensus rating of “Buy” and a consensus target price of $100.62.
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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