CI Investments Inc. Sells 27,059 Shares of Sandisk Corporation $SNDK

CI Investments Inc. decreased its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 97.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 798 shares of the data storage provider’s stock after selling 27,059 shares during the quarter. CI Investments Inc.’s holdings in Sandisk were worth $507,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SNDK. Valley Wealth Managers Inc. bought a new stake in shares of Sandisk in the first quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its holdings in Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Roble Belko & Company Inc bought a new position in Sandisk during the 1st quarter worth about $39,000. Himension Capital Singapore PTE. LTD. purchased a new position in Sandisk during the 1st quarter valued at about $43,000. Finally, Main Street Group LTD purchased a new position in Sandisk during the 1st quarter valued at about $53,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

Insider Activity

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider directly owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,225 shares of company stock valued at $10,166,297 in the last ninety days. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNDK has been the subject of several recent research reports. Wedbush boosted their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Royal Bank Of Canada increased their price objective on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Cantor Fitzgerald lifted their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Finally, Weiss Ratings lowered Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

Sandisk Price Performance

SNDK opened at $1,436.56 on Friday. The firm has a market capitalization of $212.74 billion, a PE ratio of 49.93 and a beta of 4.74. The business’s 50-day moving average is $1,754.03 and its two-hundred day moving average is $1,087.24. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the business posted ($0.30) earnings per share. The firm’s quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 64.52 EPS for the current year.

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.