Keel Point LLC Invests $314,000 in Sandisk Corporation $SNDK

Keel Point LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 495 shares of the data storage provider’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its stake in Sandisk by 12.0% in the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the last quarter. Blair William & Co. IL boosted its holdings in Sandisk by 0.3% in the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after acquiring an additional 17 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Sandisk by 0.7% during the first quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after acquiring an additional 24 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Sandisk by 108.0% during the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 27 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on SNDK shares. Mizuho increased their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Argus assumed coverage on shares of Sandisk in a research report on Wednesday, July 15th. They set a “hold” rating on the stock. Royal Bank Of Canada upped their price target 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. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Finally, Evercore set a $3,100.00 price objective on shares of Sandisk in a research note on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,811.38.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,225 shares of company stock worth $10,166,297 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts argue that the recent correction—estimated at roughly 32% to 41% over the past month, depending on the measurement period—has made Sandisk’s valuation more attractive. One Seeking Alpha contributor upgraded the stock to Buy, while another cited strong expected earnings growth and a low forward earnings multiple as reasons to consider the shares. Sandisk: Buy The Fear Ahead Of Earnings Sandisk: Looking Like A Buy Ahead Of Earnings
• Positive Sentiment: Investor optimism is supported by AI-driven enterprise SSD demand, firmer NAND pricing and increasing adoption of TLC and QLC flash memory. These trends could support revenue and margins if sustained in the upcoming results. Buy Sandisk Stock Before Q4 Earnings
• Positive Sentiment: Morgan Stanley’s upgrade of Korean equities to Overweight, following a leverage-driven market selloff, is adding support to memory stocks including Sandisk, Micron and SK Hynix by suggesting forced selling may be easing. Morgan Stanley’s Korea Call

Sandisk Stock Performance

Shares of SNDK stock opened at $1,288.03 on Tuesday. Sandisk Corporation has a fifty-two week low of $40.53 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $190.74 billion, a PE ratio of 44.77 and a beta of 5.21. The stock’s 50-day simple moving average is $1,725.33 and its 200-day simple moving average is $1,128.02.

Sandisk 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.