Sandisk (NASDAQ:SNDK) Director Sells $870,300.69 in Stock

Sandisk Corporation (NASDAQ:SNDK) Director Necip Sayiner sold 579 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sandisk Stock Performance

SNDK stock opened at $1,447.23 on Thursday. Sandisk Corporation has a fifty-two week low of $35.79 and a fifty-two week high of $1,600.00. The business’s 50 day moving average price is $866.60 and its two-hundred day moving average price is $538.61. The company has a market capitalization of $214.32 billion, a price-to-earnings ratio of 50.30 and a beta of 4.82.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same quarter last year, the company posted ($0.30) EPS. The firm’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts forecast that Sandisk Corporation will post 63.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SNDK shares. Cantor Fitzgerald upped their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wedbush upped their price objective on shares of Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Mizuho set a $1,220.00 price objective on shares of Sandisk in a report on Friday, May 1st. Benchmark upped their price objective on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,065.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sandisk in the third quarter worth approximately $1,136,000. New York State Teachers Retirement System bought a new position in Sandisk during the third quarter valued at approximately $13,546,000. Y Intercept Hong Kong Ltd bought a new position in Sandisk during the third quarter valued at approximately $7,046,000. Sage Rhino Capital LLC bought a new position in Sandisk during the third quarter valued at approximately $587,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Sandisk during the third quarter valued at approximately $514,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: New leveraged ETFs tied to Sandisk and other chip names are adding speculative demand and reinforcing momentum in AI-related semiconductor stocks. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Positive Sentiment: Recent commentary continues to highlight strong AI storage demand, record results, and bullish price targets, including talk that Sandisk could still have meaningful upside from current levels. SanDisk (SNDK) Delivered a Record Quarter. The AI Storage Bull Case Is Intact
• Positive Sentiment: SanDisk remains a major beneficiary of the memory-chip boom, with multiple reports pointing to strong NAND demand tied to AI data-center buildouts and constrained supply. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Analyst and media coverage is emphasizing that Sandisk’s parabolic year-to-date move has made it one of the market’s most closely watched momentum names. SanDisk And Micron Had Their Run – This New ‘Photonics’ ETF Has 15 Triple-Digit Gainers Inside
• Neutral Sentiment: Insider selling by a director was disclosed, but the transaction was relatively small compared with the company’s huge market value and does not by itself change the longer-term thesis. Necip Sayiner Sells 579 Shares of Sandisk (NASDAQ:SNDK) Stock
• Negative Sentiment: Sandisk was hit by a broader chip and memory-sector selloff as investors took profits after an enormous rally, with several reports warning the stock may be overdue for a pullback. What’s Going On With SanDisk Stock Tuesday?
• Negative Sentiment: Technical commentary is increasingly cautious, noting overbought conditions after Sandisk’s explosive run and suggesting traders may be locking in gains. SanDisk stock is in a bull run — but RSI says a pullback may be near

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.