Engineers Gate Manager LP Purchases 93,449 Shares of Sandisk Corporation $SNDK

Engineers Gate Manager LP raised its position in Sandisk Corporation (NASDAQ:SNDK) by 2,585.7% in the 4th quarter, Holdings Channel reports. The firm owned 97,063 shares of the data storage provider’s stock after buying an additional 93,449 shares during the quarter. Engineers Gate Manager LP’s holdings in Sandisk were worth $23,041,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SNDK. Whittier Trust Co. bought a new position in Sandisk in the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new position in Sandisk in the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk in the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC bought a new position in Sandisk in the 4th quarter valued at $27,000. Finally, Parallel Advisors LLC bought a new position in Sandisk in the 3rd quarter valued at $30,000.

Analysts Set New Price Targets

Several brokerages have commented on SNDK. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Wedbush raised their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Finally, Bank of America raised their price target on shares of Sandisk from $1,550.00 to $2,100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
• Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
• Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
• Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket

Insider Buying and Selling at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. This trade represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the completion of the transaction, the insider owned 32,232 shares in the company, valued at approximately $55,954,752. The trade was a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,625 shares of company stock worth $8,913,497 in the last 90 days. 0.21% of the stock is owned by company insiders.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,958.80 on Thursday. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,167.33. The company has a market capitalization of $290.08 billion, a P/E ratio of 68.08 and a beta of 4.87. The company has a fifty day moving average of $1,366.71 and a 200-day moving average of $791.01.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm posted ($0.30) earnings per share. The business’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

About Sandisk

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.