Algebris UK Ltd. Purchases New Stake in Sandisk Corporation $SNDK

Algebris UK Ltd. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,182 shares of the data storage provider’s stock, valued at approximately $756,000.

Several other hedge funds have also added to or reduced their stakes in the company. Harmony Asset Management LLC acquired a new stake in Sandisk during the 4th quarter worth approximately $353,000. Leonteq Securities AG bought a new position in Sandisk during the 4th quarter worth $302,000. IFP Advisors Inc increased its position in Sandisk by 4.8% during the 4th quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock worth $247,000 after buying an additional 48 shares during the period. Jag Capital Management LLC bought a new position in Sandisk during the 4th quarter worth $356,000. Finally, PNC Financial Services Group Inc. increased its position in Sandisk by 82.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,109 shares of the data storage provider’s stock worth $3,824,000 after buying an additional 7,291 shares during the period.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 579 shares of Sandisk 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 directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,525 shares of company stock valued at $6,555,092 over the last three months. 0.21% of the stock is owned by insiders.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,392.56 on Thursday. Sandisk Corporation has a 52 week low of $35.79 and a 52 week high of $1,600.00. The stock has a market capitalization of $206.22 billion, a P/E ratio of 48.40 and a beta of 4.82. The stock’s fifty day moving average is $947.66 and its 200 day moving average is $580.59.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the business posted ($0.30) EPS. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target on Sandisk to $2,025 from $1,300 and kept a Buy rating, reinforcing the view that AI data-center demand for NAND flash is still accelerating. Barrons article on Citi target hike
• Positive Sentiment: Analysts and market commentary continue to highlight a structural storage shortage, with enterprise SSD and NAND pricing rising sharply as hyperscalers and AI builders expand infrastructure. MarketBeat article on AI rotation
• Positive Sentiment: Sandisk’s recent earnings and guidance remain a major bullish catalyst: the company reported strong revenue growth and a large EPS beat, showing that the pricing cycle is already boosting results. Sandisk earnings overview
• Positive Sentiment: Several articles noted that Sandisk has become a favored AI-memory trade, with high-profile investors rotating into the name and Wall Street broadly raising targets. TipRanks analyst target article
• Neutral Sentiment: Sandisk presented at J.P. Morgan’s Technology, Media and Communications Conference, which may have helped keep the stock in focus, but no major new corporate announcement was highlighted in the transcript title. Conference transcript
• Negative Sentiment: Recent pullbacks have been driven by broader chip-sector weakness, including concerns about supply, capacity, and rising Treasury yields pressuring high-valuation tech names. Benzinga article on yields and chip stocks

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Mizuho set a $1,220.00 price objective on Sandisk in a research report on Friday, May 1st. Sanford C. Bernstein increased their price objective on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Wedbush raised their target price on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Citigroup lifted their price target on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and an average price target of $1,157.14.

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.