Insider Selling: Sandisk (NASDAQ:SNDK) Insider Sells 600 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the stock in a transaction on Wednesday, July 1st. The stock was 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 directly owned 31,515 shares in the company, valued at $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Price Performance

Shares of SNDK traded down $287.22 during trading hours on Thursday, reaching $1,745.00. 17,248,106 shares of the company’s stock traded hands, compared to its average volume of 16,639,072. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,354.39. The business’s fifty day simple moving average is $1,618.07 and its two-hundred day simple moving average is $925.59. The firm has a market capitalization of $258.42 billion, a price-to-earnings ratio of 60.65 and a beta of 4.72.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (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 firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the firm earned ($0.30) earnings per share. Sandisk’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 64.01 EPS for the current year.

Analyst Upgrades and Downgrades

SNDK has been the subject of several research reports. Evercore restated an “outperform” rating and set a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research note on Monday, May 4th. Melius Research set a $2,350.00 target price on shares of Sandisk in a research report on Monday, May 18th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,684.24.

Hedge Funds Weigh In On Sandisk

A number of hedge funds have recently made changes to their positions in SNDK. GHP Investment Advisors Inc. grew its holdings in shares of Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after purchasing an additional 13 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Sandisk by 2.5% in the second quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after acquiring an additional 13 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Sandisk in the 2nd quarter worth approximately $34,000. Blair William & Co. IL boosted its holdings in shares of Sandisk by 0.3% in the 4th 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. Finally, Empirical Finance LLC boosted its holdings in shares of Sandisk by 0.7% in the 1st 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 in the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: China Renaissance reportedly raised its price target on Sandisk, reinforcing the bull case that AI storage demand remains strong and the company still has substantial upside. Analyst Hikes SanDisk Stock (SNDK) Price Target by 86% on Strong AI Storage Demand
• Positive Sentiment: Bank of America raised its price target to $2,500 and kept a buy rating, saying NAND supply constraints and strong pricing could support results through 2027. SanDisk’s Stock Supercycle Just Got Another Boost: BofA Raises Price Tag to $2,500
• Positive Sentiment: Analysts continue to highlight Sandisk’s QLC SSD and broader memory portfolio as a way to capture AI-driven data-center storage growth. Can Sandisk’s QLC SSD Portfolio Drive Sustainable Growth Ahead?
• Neutral Sentiment: Commentary from 24/7 Wall St. and MarketBeat framed Sandisk as a major AI infrastructure beneficiary, but also noted the stock’s volatility and sensitivity to sector rotation. Palantir vs. SanDisk: Two Paths to AI Riches, One Winner
• Neutral Sentiment: Investors are debating whether the recent pullback is just a broader tech rotation or the start of a more durable reset in memory stocks. Why Micron (MU) and SanDisk (SNDK) Stocks Are Falling in Pre-Market Today
• Negative Sentiment: Memory and storage stocks sold off broadly on Thursday amid profit-taking and fears of a supply glut, pressuring Sandisk along with peers like Micron, Seagate, and Western Digital. SanDisk Sinks 11%, Seagate Falls 7%, Micron Slides 4% on Memory Supply-Glut Fears

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.