SanDisk Corporation (NASDAQ:SNDK), saw SVP & head of Memory Technology Srinivasan Sivaram lower her position in the company. Sivaram disposed of 4,600 shares of common stock at an average of $105.38 per share on a transaction that began on July 1rst and was completed yesterday. Following this move, Sivaram directly holds 9,396 shares in SanDisk Corporation (NASDAQ:SNDK), the $24.15 billion market cap corporation that designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies.
In addition, major hedge funds have large holdings in the company. Rob Citrone‘s Discovery Capital Management holds 7,955,445 shares worth about $646 million; Michael Lowenstein‘s Kensico Capital reported a decrease of 2% in activity over the last quarter, and now has 6,685,000 shares worth around $543 million; while Iridian Asset Management, the hedge fund run by David Cohen And Harold Levy, increased it’s exposure by 21% last quarter, now holding 3,218,526 shares in SanDisk Corporation (NASDAQ:SNDK),worth approximately $261.3 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.