Sandisk (NASDAQ:SNDK) CEO David Goeckeler Sells 33,841 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) CEO David Goeckeler sold 33,841 shares of the company's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.

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David Goeckeler also recently made the following trade(s):

• On Monday, September 14th, David Goeckeler sold 33,838 shares of Sandisk stock. The shares were sold at an average price of $1,527.87, for a total transaction of $51,700,065.06.

Sandisk Trading Down 1.4%

SNDK stock opened at $1,766.64 on Tuesday. The company has a market cap of $258.67 billion, a P/E ratio of 24.23, a P/E/G ratio of 0.18 and a beta of 5.17. Sandisk Corporation has a 52 week low of $93.54 and a 52 week high of $2,354.39. The company's 50-day moving average price is $1,502.53 and its 200 day moving average price is $1,370.55.

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• $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion during the quarter. During the same period last year, the business posted $0.29 earnings per share. The company'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. On average, equities research analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has approved a stock buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Sandisk

• Sandisk’s Margins Look Like Software. Can They Last?

A number of institutional investors and hedge funds have recently bought and sold shares of SNDK. BlackRock Inc. purchased a new position in Sandisk during the second quarter worth $23,408,732,000. Norges Bank purchased a new stake in shares of Sandisk in the fourth quarter valued at $518,889,000. Geode Capital Management LLC boosted its stake in shares of Sandisk by 44.9% during the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider's stock valued at $866,310,000 after acquiring an additional 1,133,276 shares during the last quarter. Evergreen Quality Fund GP Ltd. purchased a new stake in Sandisk during the 4th quarter worth about $255,848,000. Finally, Situational Awareness LP increased its position in Sandisk by 816.7% during the 4th quarter. Situational Awareness LP now owns 1,054,200 shares of the data storage provider's stock worth $250,246,000 after purchasing an additional 939,200 shares in the last quarter.

Wall Street Analyst Weigh In

SNDK has been the subject of several research reports. UBS Group reaffirmed an "overweight" rating and set a $1,750.00 price objective on shares of Sandisk in a report on Friday, August 14th. Barclays raised Sandisk from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Citigroup dropped their price target on Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Bank of America lifted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Finally, Zacks Research cut shares of Sandisk from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Sandisk presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,998.14.

View Our Latest Report on Sandisk

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Renewed optimism about artificial-intelligence infrastructure and tight memory-chip supplies initially supported Sandisk and its peers. Strong semiconductor data, continued AI demand and a broader rotation back into technology stocks remain favorable for the company’s growth outlook. Why Are AI Memory Chip Stocks Micron and SanDisk Rising Today
• Positive Sentiment: Sandisk has been highlighted as a technically constructive stock and recently gained visibility from its addition to the S&P 100, which could increase institutional awareness and demand. 3 Bullish Setups for the Week Ahead
• Neutral Sentiment: CEO David Goeckeler sold 33,841 shares worth approximately $53.3 million, reducing his direct position by 8.12%. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it may be less meaningful as a discretionary signal, and he still owns a substantial stake. SEC insider transaction filing
• Negative Sentiment: Sandisk underperformed other memory stocks during the session, suggesting profit-taking or company-specific concerns despite a broader sector rally. The shares had already recovered sharply from their recent low, while technical analysis indicated potential resistance overhead. SanDisk Falls Despite Memory Rally
• Negative Sentiment: Investors are also monitoring China’s CXMT, which says its newer DRAM process can materially improve wafer yields and power efficiency. Greater Chinese competition could pressure Sandisk’s market position and the shortage-driven pricing outlook. Micron and SanDisk Face a New Test
• Negative Sentiment: Analysts have raised concerns that Sandisk’s pricing contracts contain built-in depreciation, while the company’s “memory wall” commentary highlights the difficulty of meeting AI-related demand. These issues could limit margins or increase execution risk even with strong long-term demand. Sandisk Pricing Contracts Have Inbuilt Price Depreciation

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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