Key Points
- Insider sale: Director Necip Sayiner sold 1,271 shares on December 3 at an average price of $195.14 for about $248,023, leaving him with 3,479 shares (a 26.76% reduction in his position).
- Earnings beat and guidance: SanDisk reported $1.22 EPS vs. $0.58 expected and $2.31B revenue (up 22.6% YoY), and set Q2 2026 guidance of $3.00–$3.40 EPS.
- Analyst sentiment and stock metrics: Several firms raised targets or upgraded the stock (targets range up to $322) and MarketBeat shows a consensus "Moderate Buy" with a $201 price target; shares recently traded near $215 with a $31.5B market cap.
Sandisk Corporation (NASDAQ:SNDK - Get Free Report) Director Necip Sayiner sold 1,271 shares of the company's stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director directly owned 3,479 shares of the company's stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Sandisk Price Performance
SNDK traded up $1.69 during trading on Friday, hitting $215.00. The company's stock had a trading volume of 1,354,247 shares, compared to its average volume of 5,704,742. The firm has a market capitalization of $31.51 billion and a price-to-earnings ratio of 671.88. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $284.76. The business's fifty day simple moving average is $184.03 and its 200 day simple moving average is $96.91. 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 - Get Free Report) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.12 billion. The company's revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Sandisk from $115.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, November 7th. Fox Advisors upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 7th. The Goldman Sachs Group raised their target price on Sandisk from $55.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. China Renaissance assumed coverage on Sandisk in a research note on Friday. They issued a "buy" rating and a $322.00 price target on the stock. Finally, Susquehanna increased their price objective on Sandisk from $65.00 to $250.00 and gave the company a "positive" rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $201.00.
View Our Latest Analysis on SNDK
Institutional Investors Weigh In On Sandisk
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Sandisk during the third quarter worth $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk in the third quarter valued at about $297,293,000. Bank of America Corp DE acquired a new stake in Sandisk during the third quarter worth about $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk during the third quarter worth about $163,057,000.
Sandisk Company Profile
(
Get Free Report)
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.
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