Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 2,308 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares of the company's stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,525.60, for a total value of $915,360.00.
- On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00.
- 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 value of $1,252,800.00.
Sandisk Price Performance
Sandisk stock opened at $1,737.99 on Wednesday. The business has a 50 day moving average of $1,526.40 and a 200-day moving average of $1,305.86. The company has a market capitalization of $254.47 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a 1 year low of $69.57 and a 1 year high of $2,354.39.
Sandisk (NASDAQ:SNDK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm's quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.
Sandisk declared that its board has initiated a stock buyback plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
SNDK has been the topic of several analyst reports. Citigroup reduced their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Sandisk in a report on Thursday, August 6th. Morgan Stanley upped their price target on Sandisk from $1,100.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Sandisk from a "hold (c)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. Finally, Mizuho decreased their price target on Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Sandisk currently has an average rating of "Buy" and an average target price of $1,998.14.
View Our Latest Stock Analysis on Sandisk
Institutional Investors Weigh In On Sandisk
A number of hedge funds have recently added to or reduced their stakes in the business. Dunhill Financial LLC bought a new position in shares of Sandisk during the 2nd quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth approximately $32,000. Kilter Group LLC bought a new stake in shares of Sandisk in the 2nd quarter valued at $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Sandisk during the 2nd quarter valued at $34,000. Finally, Triumph Capital Management lifted its position in shares of Sandisk by 220.0% during the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider's stock valued at $36,000 after acquiring an additional 11 shares during the period.
Sandisk News Summary
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
- Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
- Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
- Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
- Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article
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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