Sandisk (NASDAQ:SNDK) Insider Sells 600 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the company’s stock in a transaction 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 sale, the insider directly owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. This represents 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.

Bernard Shek also recently made the following trade(s):

• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00.
• On Wednesday, June 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,736.00, for a total value of $1,041,600.00.

Sandisk Price Performance

NASDAQ SNDK traded up $139.59 on Tuesday, hitting $1,427.62. 14,484,710 shares of the company were exchanged, compared to its average volume of 16,390,498. The company’s 50 day moving average price is $1,722.09 and its 200-day moving average price is $1,135.35. The firm has a market capitalization of $211.42 billion, a P/E ratio of 49.62 and a beta of 5.20. Sandisk Corporation has a twelve month low of $40.53 and a twelve month high of $2,354.39.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI memory standardization strengthens Sandisk’s growth opportunity. Sandisk and SK hynix released the first Open Compute Project technical specification for High Bandwidth Flash (HBF), with Google involved in the broader effort. The standard is intended to support AI inference and could help create a new market for Sandisk’s flash-storage technology. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
• Positive Sentiment: New QLC technology targets AI and data-intensive workloads. Sandisk and Kioxia unveiled 10th-generation QLC 3D flash memory with industry-leading bit density. The technology could improve storage capacity and economics for cloud platforms, AI infrastructure and other high-volume applications. New 3D Flash Memory Technology from Kioxia and Sandisk
• Positive Sentiment: Investors are positioning ahead of earnings. Sandisk is scheduled to report fiscal fourth-quarter results after Wednesday’s close. Analysts expect AI data-center demand, enterprise SSD sales, firmer NAND pricing and adoption of TLC and QLC products to support revenue and margins. Some bullish previews project a revenue beat and non-GAAP earnings of roughly $36 per share. Can Strong Data Center and Edge Boost SNDK’s Top Line in Q4 Earnings?
• Positive Sentiment: Recent analyst commentary has turned more constructive. Several previews argue that the prior selloff reflected sector-wide forced selling and macro concerns rather than company-specific deterioration. Analysts cite multi-year contracts, enterprise SSD demand and the potential Stargate data-center ramp as reasons for a possible rebound. Sandisk Q4 Preview From A Bear
• Neutral Sentiment: Earnings remain the immediate test. Investors will watch shipment growth versus pricing, enterprise and data-center demand, customer commitments, contract coverage for fiscal 2027 and first-quarter margin guidance. The options market implies substantial post-earnings volatility. Sandisk and Western Digital Earnings Preview
• Negative Sentiment: Key risks include NAND oversupply and sustainability of margins. A bearish view notes that prior gains were driven more by average selling prices than shipment growth. Rising Chinese production, potential YMTC pricing pressure and variable pricing in Sandisk’s long-term contracts could limit future upside. Sandisk Q4 Earnings Preview

Institutional Trading of Sandisk

Several institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Sandisk by 20.7% in the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after buying an additional 904,933 shares during the period. Geode Capital Management LLC increased its stake in shares of Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sandisk by 31.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after acquiring an additional 828,332 shares in the last quarter. Morgan Stanley raised its holdings in shares of Sandisk by 7.2% during the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock worth $705,105,000 after acquiring an additional 199,545 shares in the last quarter. Finally, Norges Bank purchased a new position in Sandisk in the fourth quarter valued at about $518,889,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNDK. Melius Research set a $2,350.00 price target on shares of Sandisk in a report on Monday, May 18th. Argus initiated coverage on shares of Sandisk in a research note on Wednesday, July 15th. They issued a “hold” rating for the company. Morgan Stanley lifted their price objective on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America boosted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $1,811.38.

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.