Sandisk (NASDAQ:SNDK) CEO David Goeckeler Sells 33,838 Shares

Sandisk Corporation (NASDAQ:SNDK) CEO David Goeckeler sold 33,838 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $1,527.87, for a total transaction of $51,700,065.06. Following the completion of the sale, the chief executive officer owned 413,410 shares of the company’s stock, valued at approximately $631,636,736.70. The trade was a 7.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sandisk Price Performance

SNDK opened at $1,519.97 on Thursday. Sandisk Corporation has a fifty-two week low of $90.22 and a fifty-two week high of $2,354.39. The firm has a market capitalization of $222.55 billion, a P/E ratio of 20.85, a PEG ratio of 0.15 and a beta of 5.17. The company’s 50-day moving average is $1,508.03 and its 200 day moving average is $1,346.94.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 371.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities research analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore reiterated an “outperform” rating on shares of Sandisk in a report on Thursday, August 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,900.00 target price on shares of Sandisk in a research report on Monday, August 10th. Royal Bank Of Canada lifted their target price on Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. New Street Research set a $3,000.00 price target on shares of Sandisk in a report on Thursday, August 6th. Finally, Wedbush restated an “outperform” rating and set a $2,000.00 price target on shares of Sandisk in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,998.14.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts argue that Sandisk’s NAND bit supply contracts could improve earnings visibility and support structural margin expansion. Management’s targets of approximately 80% non-GAAP gross margins and 75% operating margins through fiscal 2028–2030 imply substantially higher normalized earnings power. Sandisk: The Market Is Still Underestimating Its New Earnings Power
• Positive Sentiment: AI infrastructure demand remains a key catalyst, as data centers and edge devices require increasing storage capacity. Investment commentary continues to identify Sandisk as an attractive way to participate in the expanding AI-related storage market. SandiskCorp. (SNDK): AI Boom Fuels Attractive Storage Market Opportunity
• Positive Sentiment: Sandisk has also attracted attention as a growth stock with potential upside, while its share-repurchase program may provide incremental support by reducing the number of shares outstanding. 3 Growth Stocks With 30%+ Upside to Buy This Week
• Neutral Sentiment: Memory-chip stocks, including Sandisk, have rebounded as some concerns about excessive AI spending eased. However, the move appears tied partly to sector-wide trading and changing investor sentiment rather than a new company-specific announcement. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
• Negative Sentiment: The main near-term headwind is a sharp reversal in AI-linked hardware shares after industry figures questioned the pace of frontier-model development. Sandisk’s high valuation makes it particularly sensitive to profit-taking and changes in AI-investment expectations. Nvidia, SanDisk, AMD Stocks Rebound
• Negative Sentiment: Competitive pressure from Micron and Seagate, along with debate over whether Sandisk’s valuation already reflects its AI-storage opportunity, could limit further gains. SNDK Capitalizes on AI Storage Growth

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SNDK. Handelsbanken Fonder AB boosted its position in Sandisk by 35.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after acquiring an additional 14,964 shares in the last quarter. Allworth Financial LP lifted its position in Sandisk by 84.2% during the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden bought a new stake in Sandisk during the fourth quarter worth about $7,821,000. ProShare Advisors LLC boosted its stake in Sandisk by 1,301.5% during the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after acquiring an additional 31,237 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Sandisk in the fourth quarter worth about $422,000.

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.