Michael Pokorny Sells 2,446 Shares of Sandisk (NASDAQ:SNDK) Stock

Sandisk Corporation (NASDAQ:SNDK) CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred 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. The trade was a 9.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,407.61 on Friday. Sandisk Corporation has a one year low of $35.79 and a one year high of $1,600.00. The company has a market cap of $208.45 billion, a price-to-earnings ratio of 48.93 and a beta of 4.82. The business’s 50 day moving average price is $899.12 and its 200 day moving average price is $553.06.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data 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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same quarter in the previous year, the business posted ($0.30) EPS. The business’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts predict that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk is being viewed as a key beneficiary of the AI infrastructure trade, with strong enterprise SSD and datacenter demand supporting the bull case. Sandisk Rides on Strong Datacenter Revenues: More Upside Ahead?
• Positive Sentiment: Commentary continues to highlight the strength of the memory rally and argue that Sandisk’s stock could still have room to rise, reinforcing momentum sentiment. Sandisk Price Prediction: Has the Rally Gone Too Far?
• Positive Sentiment: Recent market chatter says S&P upgraded Sandisk after it repaid all debt, built a $3.7 billion cash pile, and authorized a $6 billion buyback plan, all of which support the stock. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts have continued lifting price targets, showing confidence in Sandisk’s earnings power and growth outlook. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Neutral Sentiment: Sandisk said it is rejecting an unsolicited “mini-tender” offer from Tutanota LLC, which appears immaterial to operations but underscores how much attention the stock has drawn after its sharp run-up. Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
• Neutral Sentiment: An insider sale by the chief accounting officer was disclosed, but it looks more routine than alarming and does not change the fundamental outlook. Top SanDisk Executive Makes Major Move With Insider Stock Sale
• Negative Sentiment: Some recent commentary warns the rally may be stretched, leaving Sandisk vulnerable to volatility if sentiment cools or investors start taking profits.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. lifted its holdings in Sandisk by 12.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock worth $77,000 after buying an additional 13 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares during the last quarter. Empirical Finance LLC raised its stake in Sandisk by 0.7% during the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock valued at $2,246,000 after acquiring an additional 24 shares during the last quarter. Larson Financial Group LLC raised its stake in Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Sandisk during the 1st quarter valued at approximately $25,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America lifted their target price on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore restated an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Wedbush lifted their target price on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,065.81.

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.