Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Sandisk Corporation (NASDAQ:SNDK)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on January 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Sandisk Stock Performance

SNDK stock traded up $28.88 during midday trading on Friday, hitting $649.97. The company’s stock had a trading volume of 16,989,714 shares, compared to its average volume of 21,472,560. The stock has a market cap of $95.94 billion and a price-to-earnings ratio of -85.64. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $427.09 and its 200 day moving average price is $239.43. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $725.00.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on SNDK shares. Susquehanna increased their target price on shares of Sandisk from $250.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. UBS Group set a $1,000.00 price objective on shares of Sandisk in a report on Monday, February 2nd. Wall Street Zen raised shares of Sandisk from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Citigroup lifted their price target on Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Insider Activity

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Several hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. bought a new position in shares of Sandisk in the 4th quarter worth $26,000. Greenline Wealth Management LLC purchased a new position in Sandisk in the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the third quarter valued at $27,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk during the fourth quarter valued at about $27,000. Finally, CVA Family Office LLC purchased a new stake in Sandisk during the third quarter valued at about $28,000.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.