Key Points
- Insider Bernard Shek sold 600 Sandisk shares for approximately $1.04 million under a pre-arranged Rule 10b5-1 plan, reducing his position by 2.29% while retaining 25,588 shares.
- Sandisk reported strong quarterly results, with EPS of $39.25 exceeding estimates and revenue rising 371.6% year over year. The company also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
- Analysts remain broadly bullish, supported by AI-driven data-center demand and tight NAND supply; Sandisk carries a “Moderate Buy” consensus rating with an average price target of $2,113.92, though recent memory-sector weakness and elevated valuation remain risks.
Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider owned 25,588 shares in the company, valued at $44,393,644.72. This represents a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 8th, Bernard Shek sold 2,308 shares of Sandisk stock. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64.
- On Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was 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 shares were sold at an average price of $1,162.16, for a total value of $697,296.00.
Sandisk Price Performance
Shares of SNDK opened at $1,719.99 on Friday. The company has a market capitalization of $251.84 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 0.18 and a beta of 5.23. Sandisk Corporation has a fifty-two week low of $115.68 and a fifty-two week high of $2,354.39. The business's 50-day moving average is $1,545.74 and its 200-day moving average is $1,438.52.
Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. Sandisk's revenue for the quarter was up 371.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts expect that Sandisk Corporation will post 208.94 earnings per share for the current fiscal year.
Sandisk declared that its board has authorized a stock buyback plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.
Key Stories Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: AI data-center demand is supporting a tight NAND market. Micron’s results pointed to stronger pricing and constrained supply potentially extending through 2028, a backdrop that could benefit SanDisk’s storage products and margins. Citi maintained a Buy view and a $2,100 price target. Citi maintains Buy rating after Micron earnings
- Positive Sentiment: Analysts remain constructive on the longer-term opportunity, citing AI-related storage demand, strong pricing, and SanDisk’s shift toward multi-year data-center contracts. A Seeking Alpha analysis upgraded the stock while acknowledging that valuation is richer. SanDisk long-term deal coverage and valuation upgrade
- Neutral Sentiment: SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. The September 29 announcement contained no new guidance, leaving earnings and updated forecasts as the next major catalysts. What investors needed to notice in SanDisk stock
- Negative Sentiment: Memory and storage shares broadly weakened after Micron pulled back despite a record quarter and strong guidance; Western Digital and Seagate also declined. Investors appear to be taking profits after SanDisk’s exceptional 2026 rally and applying more demanding expectations to the group. Why memory and storage stocks are falling
- Negative Sentiment: Routine insider-sale disclosures may be adding short-term pressure. Recent filings show selling by several executives, including CEO David Goeckeler, although some transactions were arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook. Why SanDisk stock is under pressure today
Institutional Investors Weigh In On Sandisk
Large investors have recently added to or reduced their stakes in the stock. Silverleafe Capital Partners LLC acquired a new stake in Sandisk during the 3rd quarter worth approximately $513,000. Versant Capital Management Inc lifted its stake in Sandisk by 6.8% in the third quarter. Versant Capital Management Inc now owns 563 shares of the data storage provider's stock valued at $980,000 after buying an additional 36 shares in the last quarter. Doliver Advisors LP acquired a new position in shares of Sandisk in the third quarter valued at approximately $367,000. Atomic Invest LLC acquired a new position in shares of Sandisk in the second quarter valued at approximately $25,000. Finally, Silicon Valley Capital Partners increased its position in shares of Sandisk by 1,917.6% during the second quarter. Silicon Valley Capital Partners now owns 343 shares of the data storage provider's stock worth $779,000 after acquiring an additional 326 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on SNDK shares. Citigroup reissued a "buy" rating on shares of Sandisk in a research note on Thursday. JPMorgan Chase & Co. began coverage on Sandisk in a report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Arete Research lifted their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Finally, Raymond James Financial boosted their target price on Sandisk from $1,470.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Sandisk currently has a consensus rating of "Moderate Buy" and an average price target of $2,113.92.
Read Our Latest Report on SNDK
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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