Insider Selling: Sandisk (NASDAQ:SNDK) Insider Sells 2,308 Shares

Posted by Stanley Muller on Sep 8th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) insider Bernard Shek sold 2,308 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the transaction, the insider directly owned 25,305 shares of the company’s stock, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00.
On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00.
On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.

Sandisk Stock Performance

SNDK stock traded down $2.01 during midday trading on Tuesday, hitting $1,737.99. 11,124,220 shares of the stock were exchanged, compared to its average volume of 12,744,502. The stock’s 50-day moving average price is $1,526.40 and its 200-day moving average price is $1,305.86. The stock has a market cap of $254.48 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a fifty-two week low of $69.57 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current year.

Sandisk announced that its board has approved a stock buyback program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Sandisk

A number of large investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. acquired a new stake in Sandisk during the 1st quarter valued at approximately $25,000. Greenline Wealth Management LLC acquired a new position in shares of Sandisk in the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk in the 1st quarter valued at approximately $29,000. Dunhill Financial LLC purchased a new position in shares of Sandisk during the 2nd quarter valued at approximately $30,000. Finally, Parallel Advisors LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $30,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Melius Research set a $2,350.00 price target on Sandisk in a research note on Monday, May 18th. Weiss Ratings upgraded Sandisk from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Bank of America upped their price objective 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, Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,998.14.

View Our Latest Analysis on SNDK

About Sandisk

(Get Free Report)

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.