Insider Selling: Sandisk (NASDAQ:SNDK) Insider Sells $915,360.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00. Following the sale, the insider owned 29,884 shares in the company, valued at $45,591,030.40. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00.
• 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.

Sandisk Price Performance

SNDK opened at $1,740.00 on Friday. The stock has a market capitalization of $254.77 billion, a PE ratio of 23.87, a P/E/G ratio of 0.15 and a beta of 5.17. Sandisk Corporation has a 12-month low of $63.74 and a 12-month high of $2,354.39. The firm’s fifty day moving average price is $1,543.33 and its 200 day moving average price is $1,285.12.

Sandisk (NASDAQ:SNDK) last released its earnings results 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 net margin of 56.47% and a return on equity of 87.84%. The company had revenue of $8.96 billion during the quarter. During the same period in the previous 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. On average, equities research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

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

Institutional Trading of Sandisk

Several hedge funds have recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new stake in shares of Sandisk in the first quarter valued at approximately $25,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk during the first quarter worth approximately $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk during the second quarter worth approximately $30,000. Finally, Parallel Advisors LLC bought a new position in Sandisk in the 3rd quarter worth approximately $30,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI-driven memory demand is the main catalyst. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations that expanding AI data centers will require significantly more NAND storage. SanDisk rose alongside Micron and other AI-related semiconductor stocks. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal
• Positive Sentiment: Analysts see substantial upside. Lynx Research set a $2,450 target for SNDK, while other bullish research points to accelerating NAND pricing, supply-and-demand advantages and strong AI-related growth. Zacks also maintained a Rank #1, or Strong Buy, view. Lynx Research Memory Stock Price Targets
• Positive Sentiment: SanDisk’s latest results provide fundamental support: earnings exceeded estimates, revenue rose 371.6% year over year, and management guided to $44–$46 in fiscal first-quarter 2027 EPS. The company’s $14 billion share-repurchase authorization may further support the stock.
• Neutral Sentiment: The broader semiconductor group is strong, but macro conditions remain mixed. A hot employment report pushed Treasury yields and rate-hike expectations higher, creating volatility for high-growth technology stocks. SanDisk will present at Citi’s and Goldman Sachs’ technology conferences on September 8–9, potentially providing additional guidance. SanDisk Investor Conference Participation
• Negative Sentiment: Investors continue to face risks from the memory industry’s cyclicality, elevated valuation and rising Chinese competition. Progress by China’s CXMT and other domestic producers could pressure SanDisk’s pricing and market share. A company insider also sold $915,360 of shares under a pre-arranged Rule 10b5-1 plan, although the sale was relatively small compared with the remaining holding. China Memory Market Share Concerns

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Wells Fargo & Company raised their price target on shares of Sandisk from $1,400.00 to $1,550.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Morgan Stanley lifted their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Citigroup lowered their price objective on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Mizuho cut their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $1,998.14.

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.