Bernard Shek Sells 600 Shares of Sandisk (NASDAQ:SNDK) Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Wednesday, June 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00.

Sandisk Stock Performance

Shares of SNDK stock opened at $1,745.00 on Friday. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $258.42 billion, a price-to-earnings ratio of 60.65 and a beta of 4.74. The stock’s 50-day simple moving average is $1,650.22 and its 200-day simple moving average is $942.09.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SNDK shares. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. UBS Group set a $1,700.00 price target on Sandisk in a research report on Monday, May 4th. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Mizuho boosted their price target on Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Wells Fargo & Company increased their price objective on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,684.24.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk announced it has started production of its 10th-generation 3D flash memory with Kioxia at the Kitakami plant, and separately said it is sampling BiCS10 1Tb TLC 3D NAND. Both updates point to higher density, better power efficiency, and more capacity for data-center and AI workloads. Article Title Article Title
• Positive Sentiment: Analysts remained constructive on Sandisk, with China Renaissance lifting its price target sharply on strong AI storage demand and Bank of America raising its target to $2,500 while keeping a buy rating. Article Title
• Positive Sentiment: Commentary from several outlets says the recent selloff may be a pullback after a huge first-half rally, with some investors viewing the weakness as a buying opportunity rather than a change in the underlying growth thesis. Article Title
• Neutral Sentiment: MarketBeat’s week-in-review noted Sandisk as a poster child for tech-sector volatility, reflecting how much the stock can swing on sector rotation and sentiment shifts. Article Title
• Negative Sentiment: Sandisk shares have been hit by a broader selloff in AI chip and memory stocks as investors rotate toward AI software, and some reports also cite profit-taking and memory supply-glut fears. Article Title Article Title
• Negative Sentiment: Insider Bernard Shek sold 600 shares under a pre-arranged 10b5-1 plan, a routine filing but still a mild caution flag for sentiment. Article Title

Institutional Trading of Sandisk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Valley Wealth Managers Inc. acquired a new position in Sandisk during the first quarter valued at $25,000. Whittier Trust Co. acquired a new stake in Sandisk during the 4th quarter worth about $26,000. Greenline Wealth Management LLC purchased a new position in shares of Sandisk during the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Sandisk during the 3rd quarter valued at about $27,000. Finally, Chung Wu Investment Group LLC purchased a new position in shares of Sandisk during the 4th quarter valued at about $27,000.

Sandisk Company Profile

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.