Insider Selling: Sandisk (NASDAQ:SNDK) CEO Sells $51,700,065.06 in Stock

Sandisk Corporation (NASDAQ:SNDK) CEO David Goeckeler sold 33,838 shares of Sandisk stock in a transaction on Monday, September 14th. The shares were sold at an average price of $1,527.87, for a total value of $51,700,065.06. Following the completion of the transaction, the chief executive officer owned 413,410 shares in the company, valued at $631,636,736.70. This represents a 7.57% 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.

Sandisk Trading Down 0.7%

Shares of SNDK traded down $10.93 during trading hours on Wednesday, hitting $1,519.97. The company had a trading volume of 7,332,871 shares, compared to its average volume of 10,449,163. The company has a market capitalization of $222.55 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a one year low of $90.22 and a one year high of $2,354.39. The company’s fifty day moving average price is $1,508.03 and its two-hundred day moving average price is $1,346.94.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same period in the previous year, the business earned $0.29 EPS. Sandisk’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its board has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Zacks Research downgraded Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,900.00 price objective on shares of Sandisk in a report on Monday, August 10th. Finally, Susquehanna lowered their price objective on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating for the company in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,998.14.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts argue that Sandisk’s NAND bit supply contracts could improve earnings visibility and support structural margin expansion. Management’s targets of approximately 80% non-GAAP gross margins and 75% operating margins through fiscal 2028–2030 imply substantially higher normalized earnings power. Sandisk: The Market Is Still Underestimating Its New Earnings Power
• Positive Sentiment: AI infrastructure demand remains a key catalyst, as data centers and edge devices require increasing storage capacity. Investment commentary continues to identify Sandisk as an attractive way to participate in the expanding AI-related storage market. SandiskCorp. (SNDK): AI Boom Fuels Attractive Storage Market Opportunity
• Positive Sentiment: Sandisk has also attracted attention as a growth stock with potential upside, while its share-repurchase program may provide incremental support by reducing the number of shares outstanding. 3 Growth Stocks With 30%+ Upside to Buy This Week
• Neutral Sentiment: Memory-chip stocks, including Sandisk, have rebounded as some concerns about excessive AI spending eased. However, the move appears tied partly to sector-wide trading and changing investor sentiment rather than a new company-specific announcement. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
• Negative Sentiment: The main near-term headwind is a sharp reversal in AI-linked hardware shares after industry figures questioned the pace of frontier-model development. Sandisk’s high valuation makes it particularly sensitive to profit-taking and changes in AI-investment expectations. Nvidia, SanDisk, AMD Stocks Rebound
• Negative Sentiment: Competitive pressure from Micron and Seagate, along with debate over whether Sandisk’s valuation already reflects its AI-storage opportunity, could limit further gains. SNDK Capitalizes on AI Storage Growth

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its position in shares of Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock worth $130,885,000 after purchasing an additional 14,964 shares during the last quarter. Allworth Financial LP increased its holdings in Sandisk by 84.2% in the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after buying an additional 2,067 shares during the last quarter. Tredje AP fonden acquired a new stake in Sandisk in the fourth quarter valued at $7,821,000. ProShare Advisors LLC raised its stake in Sandisk by 1,301.5% in the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after buying an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Sandisk during the 4th quarter worth about $422,000.

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.