Rep. Gilbert Ray Cisneros, Jr. Buys Sandisk Corporation (NASDAQ:SNDK) Stock

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on March 13th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Advanced Energy Industries (NASDAQ:AEIS) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 3/27/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
• Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.

Sandisk Stock Performance

Shares of SNDK stock opened at $851.57 on Friday. The business’s 50-day moving average price is $646.84 and its 200-day moving average price is $381.23. Sandisk Corporation has a 12 month low of $28.27 and a 12 month high of $855.00. The firm has a market capitalization of $125.69 billion, a price-to-earnings ratio of -112.20 and a beta of 5.04. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk’s revenue for the quarter was up 61.2% on a year-over-year basis.

Institutional Investors Weigh In On Sandisk

A number of institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new position in Sandisk during the fourth quarter worth $26,000. Whittier Trust Co. bought a new position in shares of Sandisk in the fourth quarter valued at $26,000. Chung Wu Investment Group LLC acquired a new position in Sandisk during the 4th quarter valued at about $27,000. Westfuller Advisors LLC raised its stake in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Sandisk by 137.9% in the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter.

Insider Transactions at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several recent research reports. Citigroup lifted their target price on shares of Sandisk from $750.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Barclays boosted their price objective on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $650.00 price objective on shares of Sandisk in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus target price of $604.00.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein says stronger?than?expected NAND pricing fuels upside and models ~47% further upside for SanDisk, citing sustained AI/data?center demand as the core earnings driver. Bernstein Sees 47% Upside In SanDisk Stock On Strong NAND Pricing
• Positive Sentiment: Cantor Fitzgerald raised its price target from $800 to $1,000 and kept an overweight call, adding institutional credibility to the rally and supporting further upside expectations. Cantor Fitzgerald PT Raise
• Positive Sentiment: Multiple broker notes (BofA reaffirm $900, Mizuho, Jefferies, others) and fresh analyst targets (some as high as $1,250 or higher) reinforce a consensus that SanDisk is a major beneficiary of the AI memory upcycle. Is SanDisk The Most Profitable Stock So Far In 2026?
• Positive Sentiment: Flow-driven demand (ETF re?allocation into memory names) and headlines such as large AI infrastructure deals have helped push SNDK to record highs and amplify momentum trading. SanDisk Stock Hits All-Time High As AI Memory Trade Regains Momentum
• Neutral Sentiment: Market commentary questions how far the rally can go (articles exploring $1,250 and even $3,000 scenarios) — useful for upside frameworks but speculative; these price targets vary widely and carry differing assumptions on NAND cycles. How High Can SanDisk Stock Go?
• Neutral Sentiment: Coverage pieces discuss SanDisk’s exceptional 2026 performance and earnings momentum; these explain the rally but don’t change the fundamentals overnight — monitor NAND pricing and hyperscaler bookings for confirmation. Is SanDisk The Most Profitable Stock So Far In 2026?
• Negative Sentiment: Contrarian/valuation warnings: commentary urges caution (e.g., “I’m not chasing this cycle”) and notes the rally may be stretched — risk of a sharp pullback if NAND pricing or AI capex expectations weaken. SanDisk: I’m Not Chasing This Cycle
• Negative Sentiment: Insider and institutional moves: some disclosures show insider sales and large institutional position reductions (e.g., notable Q4 trims), which can be a headwind if momentum stalls. Quiver Quant Coverage and Insider Activity

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Sandisk Company Profile

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.