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SanDisk (NASDAQ:SNDK) SVP Yehoshua Nir sold 4,332 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $98.70, for a total value of $427,568.40. Following the sale, the senior vice president now directly owns 3,787 shares of the company’s stock, valued at approximately $373,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SanDisk (NASDAQ:SNDK) traded up 0.30% during mid-day trading on Wednesday, hitting $98.84. The stock had a trading volume of 2,307,028 shares. SanDisk has a 1-year low of $53.91 and a 1-year high of $108.77. The stock’s 50-day moving average is $96.28 and its 200-day moving average is $89.00. The company has a market cap of $22.163 billion and a price-to-earnings ratio of 20.12. SanDisk also was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 16,265,604 shares, a decline of 9.3% from the July 31st total of 17,927,150 shares. Based on an average trading volume of 2,790,343 shares, the days-to-cover ratio is currently 5.8 days. Currently, 7.2% of the shares of the stock are short sold.

SanDisk (NASDAQ:SNDK) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that SanDisk will post $5.91 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of SanDisk in a research note on Thursday, August 14th. They now have a $98.00 price target on the stock. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of SanDisk in a research note on Thursday, July 17th. They now have a $105.00 price target on the stock, down previously from $115.00. Finally, analysts at Susquehanna raised their price target on shares of SanDisk from $110.00 to $120.00 in a research note on Thursday, July 17th. They now have a “positive” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. SanDisk has a consensus rating of “Buy” and a consensus price target of $105.03.

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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