Key Points
- Sandisk CAO Michael Pokorny sold 2,446 shares on May 12 for about $3.49 million, leaving him with 22,375 shares after the transaction. The sale represented a 9.85% decrease in his direct ownership.
- Sandisk reported blowout quarterly results, posting EPS of $23.41 versus expectations of $14.17 and revenue of $5.95 billion, up 251% year over year. The company also guided Q4 2026 EPS to 30.0-33.0.
- Analysts remain bullish overall despite the stock’s recent volatility, with several firms raising price targets and MarketBeat citing a consensus rating of “Moderate Buy.” Recent news also highlighted Sandisk’s AI-driven demand, debt repayment, cash buildup, and a planned $6 billion buyback.
Sandisk Corporation (NASDAQ:SNDK - Get Free Report) CAO Michael Pokorny sold 2,446 shares of the 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 value of $3,488,436.28. Following the sale, the chief accounting officer directly owned 22,375 shares of the company's stock, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Sandisk Trading Down 4.5%
Shares of SNDK opened at $1,382.72 on Friday. The company has a market capitalization of $204.77 billion, a price-to-earnings ratio of 48.06 and a beta of 4.82. The stock has a 50 day moving average of $882.95 and a 200 day moving average of $547.04. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00.
Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts' consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business's revenue was up 251.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts predict that Sandisk Corporation will post 63.93 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on SNDK shares. Barclays increased their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Royal Bank Of Canada increased their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a "sector perform" rating in a report on Friday, May 1st. Mizuho set a $1,220.00 price objective on Sandisk in a report on Friday, May 1st. Bank of America increased their price objective on Sandisk from $900.00 to $1,080.00 and gave the company a "buy" rating in a report on Friday, April 17th. Finally, Morgan Stanley reissued an "overweight" rating and set a $1,100.00 price objective on shares of Sandisk in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,065.81.
Check Out Our Latest Analysis on SNDK
Key Headlines Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Sandisk was highlighted as a major beneficiary of the AI infrastructure trade, with several articles noting strong demand for NAND memory and enterprise storage as investors reprice the company’s growth outlook.
- Positive Sentiment: S&P reportedly upgraded Sandisk after the company repaid all debt and built a $3.7 billion cash position, while also authorizing a $6 billion stock buyback plan. What's Going On With Sandisk Stock Thursday?
- Positive Sentiment: Analysts and commentators continued to raise price targets and argue that the rally can keep running, reinforcing sentiment around Sandisk’s earnings power and AI exposure. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
- Positive Sentiment: Momentum traders also pointed to technical strength and ETF-related flows, suggesting continued speculative demand for SNDK shares. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
- Neutral Sentiment: Sandisk said it is rejecting an unsolicited mini-tender offer from Tutanota LLC, which is too small to materially affect the business but may draw attention to the stock’s elevated valuation. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
- Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but the transaction appears relatively routine and does not by itself change the company’s operating outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
- Negative Sentiment: Some recent commentary warned investors not to “throw caution away,” suggesting the stock’s huge run-up could leave it vulnerable to volatility if sentiment around AI/memory names cools.
Hedge Funds Weigh In On Sandisk
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in Sandisk during the 3rd quarter worth about $1,970,388,000. State Street Corp lifted its holdings in Sandisk by 20.7% during the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider's stock worth $1,253,728,000 after purchasing an additional 904,933 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock worth $866,310,000 after purchasing an additional 1,133,276 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Sandisk by 31.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider's stock worth $825,608,000 after purchasing an additional 828,332 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Sandisk by 7.2% during the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider's stock worth $705,105,000 after purchasing an additional 199,545 shares in the last quarter.
About Sandisk
(
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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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