Corient Private Wealth LLC Purchases Shares of 7,785 Sandisk Corporation $SNDK

Corient Private Wealth LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,785 shares of the data storage provider’s stock, valued at approximately $353,000.

Separately, Osaic Holdings Inc. purchased a new position in shares of Sandisk during the 2nd quarter valued at about $317,000.

Sandisk Price Performance

SNDK stock opened at $240.22 on Wednesday. The stock has a market capitalization of $35.20 billion and a price-to-earnings ratio of 750.69. The firm’s 50-day moving average price is $221.28 and its two-hundred day moving average price is $121.99. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $284.76.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Analyst Ratings Changes

A number of analysts recently weighed in on SNDK shares. Citigroup boosted their target price on Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a report on Tuesday, September 16th. The Goldman Sachs Group upped their price objective on shares of Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Cantor Fitzgerald lifted their target price on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Wedbush boosted their price target on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $213.33.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

About Sandisk

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.