Rokos Capital Management LLP Sells 22,335 Shares of Sandisk Corporation $SNDK

Rokos Capital Management LLP cut its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 28.1% in the first quarter, Holdings Channel.com reports. The firm owned 57,063 shares of the data storage provider’s stock after selling 22,335 shares during the quarter. Rokos Capital Management LLP’s holdings in Sandisk were worth $36,254,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new position in Sandisk during the 2nd quarter valued at about $317,000. Merit Financial Group LLC bought a new stake in Sandisk in the third quarter worth about $408,000. Dimensional Fund Advisors LP bought a new stake in Sandisk in the third quarter worth about $100,080,000. First Trust Advisors LP purchased a new position in shares of Sandisk during the third quarter valued at approximately $9,788,000. Finally, Blair William & Co. IL bought a new position in shares of Sandisk during the third quarter valued at approximately $591,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong memory demand, constrained supply, and continued AI infrastructure spending remain supportive of SanDisk’s long-term earnings outlook. Analysts expect the company to benefit from the memory boom, while its upcoming August 5 earnings report could provide another catalyst if SanDisk delivers the kind of earnings beats and guidance increases it has posted recently. Micron vs. Sandisk: Which Stock Is the Better Buy for the Memory Boom?
• Positive Sentiment: Research cited in the coverage suggests Chinese manufacturers are advancing in NAND and DRAM but remain behind leading companies in high-bandwidth memory, leaving portions of the AI memory market less immediately exposed. China Is Coming For SanDisk—But Not Yet For Micron’s Memory Crown

Insider Transactions at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the transaction, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,225 shares of company stock valued at $10,166,297 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SNDK has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 price target on shares of Sandisk in a report on Friday, May 1st. Argus started coverage on Sandisk in a research report on Wednesday, July 15th. They issued a “hold” rating on the stock. Wedbush upped their price objective on Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Cantor Fitzgerald increased their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Finally, Evercore set a $3,100.00 target price on Sandisk in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,811.38.

Sandisk Stock Performance

Shares of NASDAQ SNDK opened at $1,278.23 on Tuesday. The firm has a market capitalization of $189.29 billion, a price-to-earnings ratio of 44.43 and a beta of 4.74. The stock has a 50 day moving average price of $1,752.94 and a 200 day moving average price of $1,099.50. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same period last year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current year.

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.