Rep. Josh Gottheimer Buys Sandisk Corporation (NASDAQ:SNDK) Shares

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on June 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on May 7th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
• Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 5/21/2026.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 5/19/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 5/15/2026.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 5/14/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/14/2026.
• Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2026.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,759.68 on Friday. Sandisk Corporation has a one year low of $37.33 and a one year high of $1,861.00. The stock has a fifty day moving average of $1,157.00 and a 200-day moving average of $689.74. The company has a market capitalization of $260.59 billion, a PE ratio of 61.16 and a beta of 4.87.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating 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 company had revenue of $5.95 billion during the quarter. During the same quarter last year, the company posted ($0.30) EPS. Sandisk’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Institutional Trading of Sandisk

Large investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in Sandisk during the 1st quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in Sandisk during the 1st quarter valued at $29,000. SOA Wealth Advisors LLC. raised its stake in Sandisk by 108.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 27 shares during the period. Cedar Mountain Advisors LLC raised its stake in Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Finally, Roble Belko & Company Inc acquired a new stake in Sandisk during the 1st quarter valued at $39,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts remain broadly bullish on Sandisk’s AI-storage opportunity, with Morgan Stanley and Barclays raising price targets and citing strong NAND demand and improving memory pricing. What Is Going On With SanDisk Stock On Thursday?
• Positive Sentiment: Recent coverage highlights Sandisk’s accelerating AI and data-center exposure, including 251% year-over-year revenue growth, high gross margins, and large remaining performance obligations that support longer-term visibility. Sandisk’s AI Storage Moment Is Just Getting Started
• Positive Sentiment: Multiple bullish articles say Sandisk remains one of the key winners of the AI infrastructure buildout, with memory shortages and rising storage demand potentially supporting further upside. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Neutral Sentiment: Some commentary warns that after a huge year-to-date run and record highs, Sandisk’s valuation may be getting stretched, increasing the risk of pullbacks even if fundamentals stay strong. Marvell, Sandisk, Broadcom, and More Stocks That Explain Today’s Market
• Negative Sentiment: Sandisk was caught in a broader semiconductor selloff after Broadcom’s softer AI outlook triggered concern that the AI trade may be cooling, pressuring chip stocks across the group. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares in the company, 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 SEC, which is available through this link. 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 transaction of $3,488,436.28. Following the completion of the transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,025 shares of company stock worth $7,871,897 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SNDK has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Morgan Stanley increased their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Bank of America increased their price objective on Sandisk from $900.00 to $1,080.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,398.27.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.