387 Shares in Sandisk Corporation $SNDK Bought by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 387 shares of the data storage provider’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of SNDK. Osaic Holdings Inc. bought a new stake in shares of Sandisk during the 2nd quarter valued at $317,000. Merit Financial Group LLC bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $408,000. Dimensional Fund Advisors LP purchased a new stake in Sandisk in the 3rd quarter worth approximately $100,080,000. First Trust Advisors LP purchased a new position in Sandisk during the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in shares of Sandisk in the third quarter worth approximately $591,000.

Sandisk Stock Down 8.1%

SNDK stock opened at $1,615.00 on Thursday. Sandisk Corporation has a 52 week low of $40.10 and a 52 week high of $2,354.39. The company has a fifty day simple moving average of $1,748.98 and a two-hundred day simple moving average of $1,032.16. The firm has a market capitalization of $239.17 billion, a P/E ratio of 56.13 and a beta of 4.74.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping 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 company’s revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 64.95 EPS for the current year.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain bullish despite the pullback, with Wedbush, BofA and Bernstein lifting price targets and some commentary arguing the AI memory boom still has room to run. Wedbush Pounds the Table—Buy Sandisk Before August 5 Earnings
• Positive Sentiment: Several articles highlight strong recent earnings, improving memory pricing and AI-driven demand as reasons investors still see upside ahead of SanDisk’s Aug. 5 earnings report. What’s Going on With Sandisk Stock Wednesday?
• Neutral Sentiment: Argus initiated coverage with a Hold, saying the stock has already had a big post-spin-off rally and that investors may need either a pullback or clearer earnings acceleration before paying up again. Analyst Maintains Hold on SanDisk After Post–Spin-Off Rally
• Negative Sentiment: Profit-taking is hitting the entire memory complex, and SanDisk is being sold alongside Micron, Western Digital and SK Hynix as traders lock in gains after a steep multi-month rally. Dell, Micron, SanDisk tumble as AI hardware rally hits reversal
• Negative Sentiment: More cautious commentary says the best part of the rally could be over, with some investors worrying that the stock’s valuation and momentum have outrun fundamentals for now. Sandisk: The Best Part Of The Rally Could Be Over

Insider Activity

In other Sandisk news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SNDK. Sanford C. Bernstein raised their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Morgan Stanley upped their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Argus initiated coverage on Sandisk in a report on Wednesday. They set a “hold” rating on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,803.29.

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.