Sandisk (NASDAQ:SNDK) Insider Sells $1,040,964.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the completion of the sale, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, September 8th, Bernard Shek sold 2,308 shares of Sandisk stock. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64.
• On Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00.
• On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00.

Sandisk Price Performance

NASDAQ SNDK opened at $1,719.99 on Monday. Sandisk Corporation has a 12-month low of $115.68 and a 12-month high of $2,354.39. The company has a market capitalization of $251.84 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23. The firm’s 50 day moving average is $1,545.74 and its 200-day moving average is $1,443.69.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, sell-side analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk declared that its board has approved a share buyback program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI data-center demand is supporting a tight NAND market. Micron’s results pointed to stronger pricing and constrained supply potentially extending through 2028, a backdrop that could benefit SanDisk’s storage products and margins. Citi maintained a Buy view and a $2,100 price target. Citi maintains Buy rating after Micron earnings
• Positive Sentiment: Analysts remain constructive on the longer-term opportunity, citing AI-related storage demand, strong pricing, and SanDisk’s shift toward multi-year data-center contracts. A Seeking Alpha analysis upgraded the stock while acknowledging that valuation is richer. SanDisk long-term deal coverage and valuation upgrade
• Neutral Sentiment: SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. The September 29 announcement contained no new guidance, leaving earnings and updated forecasts as the next major catalysts. What investors needed to notice in SanDisk stock
• Negative Sentiment: Memory and storage shares broadly weakened after Micron pulled back despite a record quarter and strong guidance; Western Digital and Seagate also declined. Investors appear to be taking profits after SanDisk’s exceptional 2026 rally and applying more demanding expectations to the group. Why memory and storage stocks are falling
• Negative Sentiment: Routine insider-sale disclosures may be adding short-term pressure. Recent filings show selling by several executives, including CEO David Goeckeler, although some transactions were arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook. Why SanDisk stock is under pressure today

Hedge Funds Weigh In On Sandisk

Large investors have recently modified their holdings of the stock. Atomic Invest LLC bought a new stake in shares of Sandisk during the 2nd quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in Sandisk during the 2nd quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Sandisk in the 2nd quarter valued at $32,000. Kilter Group LLC bought a new stake in Sandisk in the 2nd quarter valued at $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Sandisk in the 2nd quarter valued at $34,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SNDK. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $2,900.00 price objective (up from $1,800.00) on shares of Sandisk in a research note on Monday, August 10th. Raymond James Financial increased their price objective on Sandisk from $1,470.00 to $2,000.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Mizuho lowered 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. Finally, Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price target on the stock in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,113.92.

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.