State of Alaska Department of Revenue Sells 55,335 Shares of Sandisk Corporation $SNDK

State of Alaska Department of Revenue cut its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 79.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,120 shares of the data storage provider’s stock after selling 55,335 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sandisk were worth $3,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westfuller Advisors LLC boosted its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after purchasing an additional 67 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in Sandisk by 1.3% during the fourth quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after purchasing an additional 87 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Sandisk by 18.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the data storage provider’s stock worth $179,000 after purchasing an additional 116 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its holdings in Sandisk by 10.7% during the fourth quarter. Kaizen Financial Strategies now owns 1,250 shares of the data storage provider’s stock worth $297,000 after purchasing an additional 121 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Citigroup boosted their price target on shares of Sandisk from $875.00 to $980.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein set a $1,250.00 price target on shares of Sandisk and gave the stock an “outperform” rating in a report on Thursday, April 9th. KGI Securities initiated coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price on the stock. Finally, Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $684.50.

Sandisk Stock Up 3.1%

SNDK opened at $919.47 on Friday. 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 has a market cap of $135.71 billion, a price-to-earnings ratio of -121.14 and a beta of 5.04. Sandisk Corporation has a twelve month low of $28.94 and a twelve month high of $965.00. The company’s 50-day moving average price is $676.08 and its two-hundred day moving average price is $409.39.

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

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Evercore initiated coverage with an “outperform” and a $1,200 price target, highlighting a large upside case and validating institutional interest. Evercore initiates coverage
• Positive Sentiment: Evercore/other outlets are publishing very bullish upside scenarios (one Evercore note cited a large % upside), which fuels retail and institutional momentum and supports higher price targets and flows. Evercore 191% upside story
• Positive Sentiment: Nasdaq‑100 inclusion (effective April 20) is expected to force index/passive buying, creating a structural demand tailwind for SNDK shares. That mechanical flow is widely cited as a key near‑term driver. The $600 Billion Buy Signal For SanDisk Stock
• Neutral Sentiment: Analysts and comparison pieces (e.g., vs. Marvell/Micron) emphasize that AI data‑center demand is reshaping NAND economics; these comparisons help frame valuation but don’t change the core growth story. Sandisk vs. Marvell: Which AI Infrastructure Stock Should You Buy?
• Positive Sentiment: Recent analyst upgrades (Arete and others) add to buying pressure and signal fresh sell‑side conviction. Sandisk Upgraded at Arete Research
• Negative Sentiment: SeekAlpha and others warn of a “sell‑the‑news” risk around the Nasdaq‑100 inclusion and upcoming Q3 earnings (April 30), suggesting technical profit‑taking or a short‑term pullback after the inclusion event. Sell the News warning
• Negative Sentiment: Recent intra‑day pullbacks in memory peers and SNDK (profit‑taking reports) indicate the sector is susceptible to short‑term reversals after a historic run — a reminder that momentum can pause even with a bullish long‑term thesis. Memory stocks taking a breather

Insider Activity at Sandisk

In related news, Director Miyuki Suzuki sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

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.