Klingman & Associates LLC Makes New Investment in Sandisk Corporation $SNDK

Klingman & Associates LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 362 shares of the data storage provider’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter worth about $25,000. Cedar Mountain Advisors LLC grew its position in Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Roble Belko & Company Inc bought a new stake in Sandisk during the 1st quarter valued at about $39,000. Himension Capital Singapore PTE. LTD. bought a new stake in Sandisk during the 1st quarter valued at about $43,000. Finally, Main Street Group LTD purchased a new position in Sandisk in the first quarter worth about $53,000.

Sandisk Stock Performance

SNDK opened at $1,436.56 on Friday. The company’s 50-day simple moving average is $1,754.03 and its two-hundred day simple moving average is $1,087.24. The stock has a market capitalization of $212.74 billion, a P/E ratio of 49.93 and a beta of 4.74. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The business’s 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. Research analysts forecast that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Insider Activity at Sandisk

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on 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 sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares of the company’s stock, valued at approximately $65,803,320. This represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

SNDK has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Citigroup raised their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,811.38.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major AI-storage beneficiary, with multiple recent articles highlighting strong demand for memory and enterprise storage tied to AI infrastructure spending and tight supply. Article Title
• Positive Sentiment: Analysts and traders are still focused on SanDisk’s upcoming fiscal Q4 earnings on August 5, with expectations for a large move and a chance for another earnings beat after a strong surprise history. Article Title
• Neutral Sentiment: New ETF products are being launched to trade the DRAM and memory rally, underscoring strong investor interest in the group, though this is more a sentiment signal than a direct catalyst for SanDisk. Article Title
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings swing, reflecting elevated expectations and uncertainty heading into the report. Article Title
• Negative Sentiment: Memory and chip stocks are under pressure today, and SanDisk is being dragged lower by a sector-wide risk-off move after recent gains in AI-related semiconductors. Article Title
• Negative Sentiment: SanDisk has also pulled back sharply from recent highs, and some coverage now frames the move as a correction after an extended AI-driven rally. Article Title

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.