Wolff Financial Management LLC Takes $255,000 Position in Sandisk Corporation $SNDK

Wolff Financial Management LLC bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,075 shares of the data storage provider’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in Sandisk during the 3rd quarter valued at approximately $1,970,388,000. State Street Corp bought a new position in Sandisk during the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the 3rd quarter valued at approximately $297,293,000. Bank of America Corp DE bought a new position in Sandisk during the 3rd quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in Sandisk during the 3rd quarter valued at approximately $163,057,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday. Wall Street Zen raised Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Bank of America raised their price objective on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Evercore reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,124.18.

Insiders Place Their Bets

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on 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 sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,525 shares of company stock valued at $6,555,092. Corporate insiders own 0.21% of the company’s stock.

Sandisk Trading Down 5.3%

Sandisk stock opened at $1,333.01 on Tuesday. The firm has a market cap of $197.41 billion, a price-to-earnings ratio of 46.33 and a beta of 4.82. The stock has a fifty day simple moving average of $914.47 and a two-hundred day simple moving average of $563.86. Sandisk Corporation has a 12 month low of $35.79 and a 12 month high of $1,600.00.

Sandisk (NASDAQ:SNDK) last posted its 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. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities research analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

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.