Clearline Capital LP Has $16.78 Million Stock Holdings in Sandisk Corporation $SNDK

Clearline Capital LP trimmed its position in Sandisk Corporation (NASDAQ:SNDK) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,671 shares of the data storage provider’s stock after selling 29,401 shares during the quarter. Sandisk accounts for 0.8% of Clearline Capital LP’s holdings, making the stock its 25th biggest holding. Clearline Capital LP’s holdings in Sandisk were worth $16,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNDK. Osaic Holdings Inc. acquired a new position in Sandisk in the 2nd quarter valued at $317,000. Merit Financial Group LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth $408,000. Jones Financial Companies Lllp acquired a new stake in shares of Sandisk during the 3rd quarter worth $134,000. ProShare Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth $269,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Sandisk during the 3rd quarter worth $923,000.

Sandisk Stock Down 1.6%

Shares of SNDK stock opened at $1,958.80 on Thursday. Sandisk Corporation has a twelve month low of $40.10 and a twelve month high of $2,167.33. The company has a market cap of $290.08 billion, a P/E ratio of 68.08 and a beta of 4.87. The business has a fifty day simple moving average of $1,366.71 and a 200 day simple moving average of $791.01.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sandisk’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities research analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on SNDK shares. Susquehanna increased their target price on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. The Goldman Sachs Group reissued a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Royal Bank Of Canada increased their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Sanford C. Bernstein increased their target price on Sandisk from $1,250.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

Insider Transactions at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,625 shares of company stock valued at $8,913,497 over the last three months. Company insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

About Sandisk

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.