Sandisk (NASDAQ:SNDK) Director Necip Sayiner Sells 1,271 Shares

Sandisk Corporation (NASDAQ:SNDK) Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sandisk Price Performance

Shares of SNDK stock traded up $18.93 during trading hours on Thursday, reaching $213.31. The stock had a trading volume of 12,137,411 shares, compared to its average volume of 5,725,938. The stock’s fifty day simple moving average is $184.03 and its 200 day simple moving average is $96.91. The firm has a market capitalization of $31.26 billion and a PE ratio of 666.59. Sandisk Corporation has a 12 month low of $27.89 and a 12 month high of $284.76. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The firm’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Hedge Funds Weigh In On Sandisk

A number of large investors have recently added to or reduced their stakes in SNDK. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk during the third quarter valued at about $27,000. CVA Family Office LLC purchased a new position in shares of Sandisk in the third quarter worth about $28,000. Parallel Advisors LLC bought a new stake in shares of Sandisk in the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Sandisk during the 3rd quarter valued at about $32,000. Finally, Covestor Ltd purchased a new stake in Sandisk during the 3rd quarter valued at about $37,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SNDK shares. Barclays increased their price objective on Sandisk from $39.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Mizuho raised their price target on Sandisk to $215.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a report on Monday. Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $193.88.

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.