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CFO of SanDisk Corporation Judy Bruner Sold 30,000 Shares

August 03, 2012 | About:

On August 1, 2012, Exec. VP, Administration, CFO of SanDisk Corporation (NASDAQ:SNDK) Judy Bruner sold 30,000 shares at an average price of $41.64. The total transaction amount is $1,249,200.

Sandisk Corporation designs, manufactures, and markets flash memory storage products that are used in a wide variety of electronic systems. Sandisk Corporation has a market cap of $10.34 billion; its shares were traded at around $41.5925 with a P/E ratio of 13.7 and P/S ratio of 1.8.

Since June 2004, Judy Bruner has been the Executiver Vice President of administration and Chief Financial Officer. She was also a member of the Company’s board of directors from July 2002 to June 2004. Before, she has also served as senior vice president and chief financial officer of Palm, Inc.

Judy Bruner sold 80,000 shares of SNDK stock in February and May. President/CEO Sanjay Mehrotra sold 50,000 shares of SNDK stock in April, May, June, and July. Other Directors and Officers have also sold shares of the Company stock.

GuruFocus Gurus Julian Robertson and David Tepper intiated their position in the Company. As of March 31, Whitney Tilson owns 187,150 shares, an increase of 11.97% from the previous quarter. LP. PRIMECAP Management kept their position in SNDK unchanged. Andreas Halvorsen reduced his position in the Company. Daniel Loeb and George Soros sold out their holdings.

Sandisk Corporation reported their 2012 second quarter financial results. The Company reported net income of $13.0 million and total revenue of $1.03 billion.

Rating: 3.3/5 (3 votes)


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