4,204 Sandisk Corporation $SNDK Shares Sold by Atlatl Advisers LLC

Atlatl Advisers LLC lessened its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 55.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,420 shares of the data storage provider’s stock after selling 4,204 shares during the period. Sandisk accounts for 1.4% of Atlatl Advisers LLC’s investment portfolio, making the stock its 18th largest position. Atlatl Advisers LLC’s holdings in Sandisk were worth $5,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in Sandisk in the 1st quarter worth about $25,000. Atomic Invest LLC purchased a new stake in Sandisk during the second quarter valued at about $25,000. IMG Wealth Management Inc. bought a new position in Sandisk during the first quarter worth about $29,000. Dunhill Financial LLC bought a new stake in Sandisk during the 2nd quarter valued at $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Sandisk during the 2nd quarter worth about $32,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: A broader semiconductor recovery lifted memory stocks, with investors buying Micron, SK Hynix and Sandisk after Thursday’s technology-led selloff. The move suggests some fears about AI-related capital expenditures and chip demand may have been overdone. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Investor commentary remains constructive ahead of Sandisk’s October 29 earnings report. Analysts and bullish investors point to firm NAND pricing, rising enterprise SSD demand, AI-server storage needs and nearly $94 billion in signed customer contracts as potential catalysts. SanDisk Falters for 3 Months But One Top-Tier Institutional Desk Is Sure It’s Going to Nearly Triple
• Positive Sentiment: Mizuho’s previously reported $2,050 price target and Buy rating reflect expectations for sustained NAND pricing strength and upside from enterprise storage. Other analysis argues that supply shortages could persist through 2028, supporting pricing power and earnings growth. Analyst Lloyd Walmsley Initiates Buy on SanDisk, Targeting $2,050
• Neutral Sentiment: Sandisk is scheduled to report results on October 29. Investors are positioned for potentially strong results and guidance, but the elevated expectations could increase post-earnings volatility. Prediction: Sandisk Stock Will Soar After Oct. 29
• Negative Sentiment: The main overhang is concern that the enormous cost of AI infrastructure could cause hyperscalers to slow capital spending, reducing future demand for memory and storage chips. Sandisk’s extreme volatility and retreat from its recent peak are also prompting profit-taking after its substantial 2026 gains. SanDisk Stock Drops as AI Cost Worries Mount

Insider Activity at Sandisk

In other news, EVP Alper Ilkbahar sold 4,712 shares of Sandisk stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president owned 44,134 shares of the company’s stock, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the sale, the chief executive officer directly owned 382,865 shares in the company, valued at approximately $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,899 shares of company stock valued at $121,159,122 over the last quarter. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SNDK. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price target on shares of Sandisk in a report on Friday, August 14th. New Street Research set a $3,000.00 price objective on Sandisk in a report on Thursday, August 6th. Mizuho boosted their target price on Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. JPMorgan Chase & Co. started coverage on shares of Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price target on the stock. Finally, Evercore restated an “outperform” rating and issued a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $2,120.65.

Sandisk Stock Down 1.8%

Shares of NASDAQ SNDK opened at $1,238.03 on Friday. The company has a market cap of $178.93 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.13 and a beta of 5.23. The firm’s fifty day moving average is $1,595.43 and its 200 day moving average is $1,520.09. Sandisk Corporation has a 52 week low of $164.56 and a 52 week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The firm’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its shares through open market purchases. Share buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.