2,154 Shares in Sandisk Corporation $SNDK Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,154 shares of the data storage provider’s stock, valued at approximately $1,369,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. Arkadios Wealth Advisors acquired a new stake in Sandisk in the 1st quarter worth about $666,000. Altshuler Shaham Ltd purchased a new stake in Sandisk during the 1st quarter worth approximately $7,405,000. Opal Capital LLC acquired a new position in shares of Sandisk during the first quarter valued at approximately $541,000. Sunbelt Securities Inc. raised its holdings in shares of Sandisk by 325,666.7% during the first quarter. Sunbelt Securities Inc. now owns 19,546 shares of the data storage provider’s stock valued at $12,418,000 after acquiring an additional 19,540 shares during the last quarter. Finally, Amundi lifted its position in shares of Sandisk by 135.5% in the first quarter. Amundi now owns 872,632 shares of the data storage provider’s stock valued at $554,418,000 after acquiring an additional 502,166 shares in the last quarter.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Some analysts view the selloff as a potential buying opportunity. Sandisk’s outlook is supported by strong AI-driven storage demand, approximately $42 billion in contracts and a debt-free balance sheet. Analysts’ consensus target of about $2,218 implies substantial long-term upside from recent levels. Does Sandisk Stock’s Recent Sharp Sell-Off Offer a Buying Opportunity?
• Positive Sentiment: Expectations remain favorable ahead of Sandisk’s fiscal fourth-quarter earnings report, scheduled for August 5. Recent analyst commentary points to potentially strong earnings growth, while the company’s prior quarter significantly exceeded consensus expectations on both earnings and revenue. What SK Hynix and Seagate Earnings Mean for SanDisk
• Neutral Sentiment: Sandisk’s collapse has made inverse exposure unusually popular: the SNDQ ETF, which benefits when the stock falls, has surged more than 175% in July. This highlights the intensity of the move but does not change Sandisk’s underlying fundamentals. SanDisk’s Plunge Has Produced One of July’s Hottest ETF Trades
• Negative Sentiment: Memory stocks, including Sandisk, Micron and SK Hynix, are experiencing a sector-wide rout as investors question whether AI demand and valuations have become overheated. Sandisk has lost roughly half its value in July, increasing volatility and technical selling pressure. Memory Selloff Intensifies
• Negative Sentiment: Investors are also concerned about rising Chinese competition, including chipmaker CXMT’s planned IPO, and the possibility that increased supply could pressure future memory pricing and margins. Broader market risk aversion ahead of the Federal Reserve decision and a sharp oil-price spike added to selling in technology shares. Is the AI Chip Trade Actually Cracking?

Insider Buying and Selling

In other Sandisk news, EVP Alper Ilkbahar sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was 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 directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Sandisk Price Performance

Shares of Sandisk stock opened at $1,015.89 on Thursday. The stock’s 50 day simple moving average is $1,739.66 and its 200-day simple moving average is $1,109.53. The stock has a market cap of $150.44 billion, a P/E ratio of 35.31 and a beta of 4.74. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating the consensus estimate of $14.17 by $9.24. The firm 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%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS. As a group, research analysts expect that Sandisk Corporation will post 64.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNDK has been the topic of a number of research analyst reports. Mizuho lifted their price target on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. UBS Group set a $1,700.00 price target on Sandisk in a research report on Monday, May 4th. Melius Research set a $2,350.00 price objective on Sandisk in a research note on Monday, May 18th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Finally, Weiss Ratings cut shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk 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.