Dakota Wealth Management Purchases Shares of 1,111 Sandisk Corporation $SNDK

Dakota Wealth Management purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,111 shares of the data storage provider’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently made changes to their positions in the business. Osaic Holdings Inc. purchased a new stake in shares of Sandisk in the 2nd quarter valued at $317,000. Corient Private Wealth LLC purchased a new position in Sandisk in the 2nd quarter worth $353,000. Praxis Investment Management Inc. purchased a new position in Sandisk in the 3rd quarter worth $533,000. GAMMA Investing LLC bought a new stake in Sandisk in the third quarter worth $439,000. Finally, Voya Investment Management LLC purchased a new stake in Sandisk during the third quarter valued at about $8,917,000.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush lifted their price objective on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. KGI Securities started coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target on the stock. Morgan Stanley set a $690.00 price target on Sandisk in a research note on Friday, January 30th. Mizuho set a $600.00 price objective on Sandisk in a research report on Tuesday, January 27th. Finally, China Renaissance assumed coverage on Sandisk in a research note on Friday, December 5th. They set a “buy” rating and a $322.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $594.48.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst upgrade and structural thesis — A Seeking Alpha upgrade highlights structural industry improvements (AI data-center demand, tight supply) but cautions on buying near all‑time highs; the note appears to have supported the rally. Sandisk: Structural Industry Improvements, But Be Cautious Near All-Time Highs (Upgrade)
• Positive Sentiment: Strong recent results and AI-driven guidance — Coverage highlighting Sandisk’s 61% YoY revenue jump, ~51% margins and upbeat Q3 guidance reinforces the view that AI storage demand is real and durable. That fundamental momentum is a primary reason investors are buying the stock. SanDisk (SNDK) Stock Jumps 61% Year-Over-Year: Is AI Demand Sustainable?
• Positive Sentiment: Product mix and margin upside — Analysts at Zacks point to Sandisk’s shift into higher‑value SSDs and AI data‑center products as a driver of rapid profitability gains, supporting a higher earnings multiple. SNDK Leans Into High-Value Product Mix: Can It Sustain Margin Upside?
• Positive Sentiment: Memory supercycle narrative regained — 24/7 Wall St. reiterates that the memory supercycle driven by AI is far from over, which helped reverse last week’s selloff and lift SNDK. SanDisk Gains 5%: 3 Reasons the Memory Supercycle Is Far From Over
• Neutral Sentiment: Short-term analyst/market activity — Pre-market coverage noting a bounce in Micron and Sandisk after a sharp selloff suggests traders are buying the dip; helpful for momentum but not a long-term signal. Micron (MU) and SanDisk (SNDK) Stocks Are Rising in Pre-Market Today — Why Analysts Say the Bounce May Continue
• Neutral Sentiment: Upcoming catalyst — Sandisk set its fiscal Q3 earnings call for April 30; this is the next major event that could confirm sustainability of revenue/margin trends. Sandisk to Report Fiscal Third Quarter Results on April 30, 2026
• Negative Sentiment: Sector cool-off and technical risks — Broader coverage (Investopedia) notes that memory stocks, after being one of 2025’s hottest trades, have cooled; investors should be wary of mean reversion and volatile swings. Memory Stocks Were One of 2025’s Hottest Trades. Now They’ve Cooled Off.
• Negative Sentiment: Compression risk from AI software — Recent market moves were partly driven by fears that software-level memory compression (e.g., Alphabet’s TurboQuant) could reduce hardware demand; several notes warn this is a risk to future growth and could pressure multiples. After Falling Nearly 9% Last Week, Has Alphabet Lost Its Edge? (SNDK)

Sandisk Stock Performance

Sandisk stock opened at $635.34 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $613.51 and a 200-day moving average of $353.48. The firm has a market cap of $93.78 billion and a P/E ratio of -83.71. Sandisk Corporation has a 1-year low of $27.89 and a 1-year high of $777.60.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.Sandisk’s quarterly revenue was up 61.2% on a year-over-year basis.

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.