Insider Selling: Sandisk (NASDAQ:SNDK) Insider Sells $697,296.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.
• On Wednesday, June 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00.

Sandisk Price Performance

SNDK stock opened at $1,258.58 on Friday. The stock has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.26 and a beta of 5.20. The company has a 50-day moving average of $1,709.64 and a two-hundred day moving average of $1,147.93. Sandisk Corporation has a 52-week low of $40.53 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 96.94% and a net margin of 56.47%.The business had revenue of $8.96 billion during the quarter. During the same period in the prior year, the firm posted $0.29 EPS. Sandisk’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts expect that Sandisk Corporation will post 185.89 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has approved a stock buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Fiscal fourth-quarter results were exceptional. Sandisk reported adjusted EPS of $39.25, well above the roughly $33–$34 consensus, while revenue reached approximately $8.97 billion, up 371.6% year over year. Stronger pricing, higher volumes and data-center growth drove the results. SNDK Q4 Earnings Beat Estimates
• Positive Sentiment: AI data-center demand remains a major growth catalyst. Data-center revenue reportedly surged 437% during fiscal 2026. Analysts believe the shift toward AI inference, enterprise SSDs and higher-value storage could support sustained demand for Sandisk’s products. Sandisk and Western Digital Drag on Chip Stocks
• Positive Sentiment: Long-term contracts and capital returns strengthen the bullish case. Sandisk highlighted approximately $93.9 billion in contracted revenue, including $16.5 billion in AI-related guarantees, which could improve visibility and reduce exposure to NAND’s traditional boom-and-bust cycle. The company also authorized a $14 billion share repurchase program covering up to 6.6% of shares. SanDisk AI NAND Opportunity
• Neutral Sentiment: Analyst opinion is divided. Several firms continue to view SNDK as a Buy or Strong Buy, citing durable AI demand and valuation potential. However, Jefferies cut its price target to $1,750 from $3,000, while noting margin and NAND-pricing risks. Jefferies Cuts SanDisk Price Target
• Negative Sentiment: Forward revenue guidance fell short of elevated expectations. Sandisk projected fiscal first-quarter revenue of $10.3 billion to $10.8 billion, versus consensus near $10.8 billion and estimates as high as $11.16 billion. Investors interpreted the forecast as evidence that growth and pricing momentum may moderate.
• Negative Sentiment: Margin durability is the central concern. Although non-GAAP gross margin reached 84.6%, the company’s new business model may pressure margins initially. Investors also remain concerned about NAND oversupply, competition and whether recent price gains can continue. Sandisk Is Giving Up Some Margin for a Bigger Reward

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SNDK shares. Wells Fargo & Company lowered their price objective on shares of Sandisk from $1,620.00 to $1,400.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Royal Bank Of Canada upped their price objective on shares of Sandisk from $1,000.00 to $1,300.00 and gave the company a “sector perform” rating in a research report on Thursday. Cantor Fitzgerald lifted their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Finally, Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $1,853.14.

Institutional Investors Weigh In On Sandisk

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after buying an additional 904,933 shares in the last quarter. Geode Capital Management LLC grew its position in Sandisk by 44.9% during the 4th quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Sandisk by 31.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after acquiring an additional 828,332 shares during the last quarter. Morgan Stanley increased its holdings in Sandisk by 7.2% during the 4th quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after purchasing an additional 199,545 shares in the last quarter. Finally, Norges Bank bought a new position in Sandisk in the 4th quarter valued at $518,889,000.

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.