Share on StockTwits

SanDisk (NASDAQ:SNDK) CEO Sanjay Mehrotra sold 16,875 shares of the stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $106.51, for a total transaction of $1,797,356.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SNDK has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of SanDisk from $97.00 to $123.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of SanDisk in a research note on Tuesday, June 17th. They now have a $112.00 price target on the stock. Finally, analysts at Credit Agricole upgraded shares of SanDisk from an “underperform” rating to an “outperform” rating in a research note on Tuesday, June 17th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $101.52.

Shares of SanDisk (NASDAQ:SNDK) traded up 0.72% on Thursday, hitting $106.76. The stock had a trading volume of 1,531,991 shares. SanDisk has a 52 week low of $53.09 and a 52 week high of $106.93. The stock has a 50-day moving average of $98.81 and a 200-day moving average of $81.90. The company has a market cap of $24.201 billion and a price-to-earnings ratio of 22.02.

SanDisk (NASDAQ:SNDK) last issued its quarterly 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. On average, analysts predict that SanDisk will post $6.08 earnings per share 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.

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.