Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 600 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the transaction, the insider directly owned 30,915 shares of the company's stock, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bernard Shek also recently made the following trade(s):
- On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.
- 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 NASDAQ:SNDK opened at $1,427.62 on Wednesday. The stock's 50-day moving average is $1,722.09 and its 200 day moving average is $1,135.35. The company has a market cap of $211.42 billion, a PE ratio of 49.62 and a beta of 5.20. Sandisk Corporation has a 1 year low of $40.53 and a 1 year high of $2,354.39.
Institutional Investors Weigh In On Sandisk
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Sandisk during the third quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk in the 3rd quarter worth about $297,293,000. Norges Bank purchased a new stake in shares of Sandisk in the 4th quarter worth about $518,889,000. Bank of America Corp DE bought a new position in shares of Sandisk in the 3rd quarter worth about $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk in the 3rd quarter worth about $163,057,000.
Wall Street Analyst Weigh In
A number of brokerages recently commented on SNDK. Morgan Stanley upped their target price on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a report on Wednesday, June 3rd. Citigroup lifted their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Cantor Fitzgerald upped their price objective on shares of Sandisk from $1,800.00 to $2,900.00 and gave the stock an "overweight" rating in a report on Monday, June 8th. Finally, Susquehanna dropped their target price on shares of Sandisk from $3,250.00 to $3,050.00 and set a "positive" rating for the company in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,811.38.
View Our Latest Research Report on Sandisk
More Sandisk News
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: AI memory standardization strengthens Sandisk’s growth opportunity. Sandisk and SK hynix released the first Open Compute Project technical specification for High Bandwidth Flash (HBF), with Google involved in the broader effort. The standard is intended to support AI inference and could help create a new market for Sandisk’s flash-storage technology. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
- Positive Sentiment: New QLC technology targets AI and data-intensive workloads. Sandisk and Kioxia unveiled 10th-generation QLC 3D flash memory with industry-leading bit density. The technology could improve storage capacity and economics for cloud platforms, AI infrastructure and other high-volume applications. New 3D Flash Memory Technology from Kioxia and Sandisk
- Positive Sentiment: Investors are positioning ahead of earnings. Sandisk is scheduled to report fiscal fourth-quarter results after Wednesday’s close. Analysts expect AI data-center demand, enterprise SSD sales, firmer NAND pricing and adoption of TLC and QLC products to support revenue and margins. Some bullish previews project a revenue beat and non-GAAP earnings of roughly $36 per share. Can Strong Data Center and Edge Boost SNDK’s Top Line in Q4 Earnings?
- Positive Sentiment: Recent analyst commentary has turned more constructive. Several previews argue that the prior selloff reflected sector-wide forced selling and macro concerns rather than company-specific deterioration. Analysts cite multi-year contracts, enterprise SSD demand and the potential Stargate data-center ramp as reasons for a possible rebound. Sandisk Q4 Preview From A Bear
- Neutral Sentiment: Earnings remain the immediate test. Investors will watch shipment growth versus pricing, enterprise and data-center demand, customer commitments, contract coverage for fiscal 2027 and first-quarter margin guidance. The options market implies substantial post-earnings volatility. Sandisk and Western Digital Earnings Preview
- Negative Sentiment: Key risks include NAND oversupply and sustainability of margins. A bearish view notes that prior gains were driven more by average selling prices than shipment growth. Rising Chinese production, potential YMTC pricing pressure and variable pricing in Sandisk’s long-term contracts could limit future upside. Sandisk Q4 Earnings Preview
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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.
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