Insider Selling: Sandisk (NASDAQ:SNDK) Insider Sells $1,041,600.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00. Following the sale, the insider directly owned 32,232 shares in the company, valued at $55,954,752. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sandisk Stock Performance

Shares of SNDK opened at $1,559.32 on Monday. The business’s 50 day moving average is $1,174.63 and its 200 day moving average is $698.85. The company has a market capitalization of $230.92 billion, a PE ratio of 54.20 and a beta of 4.88. Sandisk Corporation has a 12-month low of $38.53 and a 12-month high of $1,861.00.

Sandisk (NASDAQ:SNDK) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNDK. Morgan Stanley lifted their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America lifted their price objective on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Cantor Fitzgerald lifted their price objective on Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wedbush lifted their price objective on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, KGI Securities began coverage on Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,398.27.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Hedge Funds Weigh In On Sandisk

A number of institutional investors and hedge funds have recently modified their holdings of SNDK. Osaic Holdings Inc. purchased a new position in shares of Sandisk in the 2nd quarter worth approximately $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $408,000. Federated Hermes Inc. purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $88,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $41,000. Finally, Keybank National Association OH purchased a new position in shares of Sandisk in the 3rd quarter worth approximately $595,000.

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.