Insider Selling: Catherine P. Lego Sells 2,500 Shares of SanDisk Stock (SNDK)
SanDisk (NASDAQ:SNDK) Director Catherine P. Lego sold 2,500 shares of SanDisk stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $105.67, for a total transaction of $264,175.00. Following the transaction, the director now directly owns 4,216 shares of the company’s stock, valued at approximately $445,505. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
SanDisk (NASDAQ:SNDK) traded down 0.03% on Tuesday, hitting $105.56. 3,780,665 shares of the company’s stock traded hands. SanDisk has a 52-week low of $53.09 and a 52-week high of $107.13. The stock’s 50-day moving average is $101.4 and its 200-day moving average is $83.93. The company has a market cap of $23.929 billion and a P/E ratio of 21.94. SanDisk also was the recipient of some unusual options trading activity on Monday. Stock traders bought 9,327 put options on the stock. This is an increase of approximately 104% compared to the typical daily volume of 4,568 put options.
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 $6.09 EPS for the current fiscal year.
A number of analysts have recently weighed in on SNDK shares. Analysts at Stifel Nicolaus raised their price target on shares of SanDisk from $95.00 to $114.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of SanDisk from $97.00 to $123.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. SanDisk presently has an average rating of “Buy” and a consensus price target of $102.17.
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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