Compass Financial Management LLC Makes New Investment in Sandisk Corporation $SNDK

Compass Financial Management LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 364 shares of the data storage provider’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNDK. Dunhill Financial LLC purchased a new position in Sandisk during the second quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Sandisk in the 2nd quarter valued at approximately $32,000. Kilter Group LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Sandisk during the 2nd quarter worth approximately $34,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Sandisk during the 2nd quarter valued at approximately $50,000.

Insider Buying and Selling at Sandisk

In related news, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider owned 30,915 shares in the company, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This trade represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,800 shares of company stock worth $6,504,856. Insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

SNDK opened at $1,596.08 on Monday. The stock’s 50-day moving average price is $1,655.56 and its 200 day moving average price is $1,224.03. Sandisk Corporation has a 12-month low of $45.63 and a 12-month high of $2,354.39. The firm has a market cap of $233.70 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK) last released its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business’s revenue was up 371.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its board has approved a stock repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of recent analyst reports. Susquehanna decreased their price objective on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Argus raised Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $2,900.00 price objective on shares of Sandisk in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,999.27.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk introduced new SATA and NVMe solid-state drives for high-performance network-attached storage (NAS), targeting prosumers, small businesses and private-cloud users. The expansion could diversify demand beyond hyperscale customers and strengthen its competitive position against Micron and Seagate. Can Sandisk’s NAS Expansion Help It Challenge MU & STX?
• Positive Sentiment: Some analysts and market commentators remain bullish on Sandisk’s long-term earnings potential, arguing that accelerating artificial-intelligence data creation should increase demand for storage. One published view cited a potential $3,000 price target, although such targets are highly dependent on continued memory-market strength. SanDisk Stock Trades at $1,600 with Analysts Eyeing $3,000 Target
• Neutral Sentiment: Technical analysts expect substantial volatility in AI-memory stocks in the coming weeks but remain constructive over the longer term. This supports the bullish thesis while warning investors that sharp swings and options-related risks may continue. Danielle Shay on MU, SNDK & STX Technical Analysis, Options Strategies
• Neutral Sentiment: Sandisk’s latest quarterly results were exceptionally strong, with revenue up 371.6% year over year and earnings exceeding consensus estimates. However, the stock’s very large rally has raised expectations, making future results and guidance increasingly important to valuation.
• Negative Sentiment: Bearish commentary argues that Sandisk’s valuation may be pricing in an unusually favorable memory cycle and could underestimate the industry’s historical cyclicality. Any slowdown in pricing, demand or margins could therefore trigger a significant correction. Sandisk: Bulls Are Misjudging Its Valuation And Cyclicality
• Negative Sentiment: Investors are also concerned that increased Chinese competition or supply pressure could undermine Sandisk’s pricing power and disrupt its parabolic rally. The new NAS products were not enough to offset those broader concerns during Friday’s session. SanDisk Stock Has Gone Parabolic. How China Could End the Party

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.