Ghisallo Capital Management LLC Takes Position in Sandisk Corporation $SNDK

Ghisallo Capital Management LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 300,000 shares of the data storage provider’s stock, valued at approximately $33,660,000. Sandisk makes up about 1.1% of Ghisallo Capital Management LLC’s portfolio, making the stock its 19th largest position. Ghisallo Capital Management LLC owned approximately 0.20% of Sandisk at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sandisk in the third quarter worth approximately $1,136,000. New York State Teachers Retirement System purchased a new position in shares of Sandisk during the third quarter valued at approximately $13,546,000. Sage Rhino Capital LLC bought a new stake in Sandisk during the third quarter worth $587,000. Y Intercept Hong Kong Ltd bought a new stake in Sandisk during the third quarter worth $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Sandisk in the 3rd quarter valued at $514,000.

Insider Buying and Selling

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK stock opened at $661.62 on Friday. 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 firm has a market cap of $97.66 billion and a price-to-earnings ratio of -87.17. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $725.00. The firm’s 50-day simple moving average is $541.07 and its two-hundred day simple moving average is $297.64.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk’s quarterly revenue was up 61.2% compared to the same quarter last year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector-wide NAND shortage + AI demand — analysts and market commentary point to a structural NAND supply deficit driven by AI infrastructure spending, which is lifting pricing and investor optimism for flash-memory suppliers like SanDisk. SanDisk Climbs 6% as Sector-Wide Memory Shortage Fuels Fresh Investor Optimism
• Positive Sentiment: Strategic industry collaboration — SanDisk joined SK Hynix on initiatives to develop high‑bandwidth flash for AI, signaling product roadmaps aligned with hyperscaler needs and potential preferential design wins. Sandisk Joins SK Hynix To Shape High Bandwidth Flash For AI
• Positive Sentiment: Company guidance and results support growth thesis — management has signaled accelerated NAND growth and Sandisk’s recent quarterly beat (EPS and revenue well above estimates) underpin expectations for stronger margins and cash generation. SanDisk Corp. (SNDK) projects accelerated growth for NAND
• Positive Sentiment: Bullish analyst/market commentary — buy-side pieces (e.g., Seeking Alpha) argue the rally has more room, citing product pipeline wins (Gen5 TLC, BiCS8) and hyperscaler adoption that should expand the data‑center SSD mix. Sandisk May Not Be Peaking Yet – Buy
• Neutral Sentiment: Industry ecosystem strength — suppliers and equipment makers (e.g., Aehr Test Systems) are seeing AI-driven orders for wafer/package testing; this validates higher NAND activity but is an indirect positive for SanDisk. AEHR Keeps Winning: Up +100% With Memory Chip Deal Potential (SNDK)
• Neutral Sentiment: Investor visibility from conferences — Sandisk’s Cantor conference presentation provides management detail and helped reinforce the story, but it’s incremental vs. earnings and industry supply dynamics. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation caution — some analysts warn SNDK’s rapid >1,000% YTD+ move has left a rich valuation and high sales multiple, raising the risk that near‑term outperformance is already priced in and that volatility/mean reversion could follow. Sandisk Surges on AI Storage Demand: Is the Rally Already Priced in?

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNDK. Wells Fargo & Company raised their price objective on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Jefferies Financial Group increased their target price on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 30th. Barclays raised their price target on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Citigroup boosted their price target on shares of Sandisk from $490.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned 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 an average target price of $542.85.

Sandisk 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.