Sandisk (NASDAQ:SNDK) Shares Down 4.2% – Here’s What Happened

Shares of Sandisk Corporation (NASDAQ:SNDK) traded down 4.2% on Tuesday . The stock traded as low as $612.92 and last traded at $638.52. 29,874,818 shares traded hands during trading, an increase of 49% from the average session volume of 20,021,305 shares. The stock had previously closed at $666.49.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s earnings and outlook remain a key bullish driver: the company beat on EPS and revenue and guided to very strong revenue and gross-margin ranges, reinforcing the AI/storage demand story that underpins higher prices. These 5 Stocks Are at the Center of the AI Supply Squeeze
• Positive Sentiment: Tradr’s new leveraged ETF (SNXX), which is 2x long SNDK, amassed ~$650M AUM in under a month — that volume can drive additional retail inflows into SNDK exposure and amplify price moves (both up and down). Tradr’s SNXX Surges to $650 Million
• Positive Sentiment: Analyst/commentary pieces highlight Sandisk as a key beneficiary of the AI storage squeeze and argue the stock still offers strong upside given tight NAND supply and robust demand. This keeps institutional and momentum interest elevated. Why SanDisk Stock Is Crushing the S&P 500
• Neutral Sentiment: Options and derivative flows are active around SNDK, indicating elevated short-term speculation and hedging that can increase intraday volatility but not necessarily change the long-term fundamental picture. A Closer Look at SanDisk’s Options Market Dynamics
• Negative Sentiment: Citron Research published a short call arguing the NAND cycle is peaking and warning retail investors; such high-profile short reports can trigger selling and volatility despite mixed evidence about cycle timing. Citron Research Shorts SanDisk
• Negative Sentiment: Stanley Druckenmiller’s reported exit of a SNDK position signals that at least one prominent manager took profits or reduced exposure after the rally — a potentially bearish headline for momentum traders. Stanley Druckenmiller Just Exited Sandisk Stock

Analyst Ratings Changes

Several research firms recently issued reports on SNDK. Morgan Stanley set a $690.00 target price on Sandisk in a research note on Friday, January 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Sandisk in a report on Monday, December 29th. Mizuho set a $600.00 target price on Sandisk in a report on Tuesday, January 27th. Sanford C. Bernstein upped their target price on shares of Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. initiated coverage on Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Trading Down 4.2%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a market capitalization of $94.25 billion and a P/E ratio of -84.13. The stock has a fifty day moving average of $436.39 and a 200 day moving average of $245.22.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The business’s revenue was up 61.2% on a year-over-year basis.

Insider Buying and Selling

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sandisk

Several institutional investors have recently bought and sold shares of SNDK. Greenline Wealth Management LLC bought a new stake in Sandisk in the 4th quarter valued at $26,000. Whittier Trust Co. bought a new stake in shares of Sandisk in the fourth quarter worth about $26,000. Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk in the fourth quarter worth about $27,000. Westfuller Advisors LLC lifted its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Sandisk by 137.9% during the fourth quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock valued at $33,000 after buying an additional 80 shares during the last quarter.

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.