Sandisk (NASDAQ:SNDK) Shares Down 4.1% – Time to Sell?

Posted by Brian Himes on May 24th, 2026

Shares of Sandisk Corporation (NASDAQ:SNDK – Get Free Report) were down 4.1% during trading on Friday . The stock traded as low as $1,473.52 and last traded at $1,478.69. Approximately 9,535,936 shares traded hands during trading, a decline of 47% from the average daily volume of 18,045,246 shares. The stock had previously closed at $1,542.24.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Hedge fund billionaire David Tepper reportedly bought 281,250 shares of Sandisk, adding to bullish investor sentiment and reinforcing the idea that large investors still see upside after the stock’s huge run. Article Title
Positive Sentiment: Several recent pieces argue that Sandisk is benefiting from AI-driven NAND demand, enterprise SSD growth, and an improved long-term earnings outlook, with some analysts calling the stock undervalued despite the sharp rally. Article Title
Positive Sentiment: SanDisk also got a boost from sector momentum as memory stocks rebounded, with traders pointing to AI-related demand and tighter supply conditions among rivals as reasons for the renewed interest. Article Title
Neutral Sentiment: Some market commentary now frames Sandisk as a “hold” after its explosive year-to-date surge, suggesting the business outlook is strong but the valuation has become much less attractive for new buyers. Article Title
Negative Sentiment: Jim Cramer’s cautious comments that investors should “let it come down more” may temper enthusiasm, especially after the stock’s massive rally and elevated valuation. Article Title

Wall Street Analyst Weigh In

Several analysts have recently commented on SNDK shares. Wall Street Zen raised shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Royal Bank Of Canada increased their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. KGI Securities started coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price on the stock. Wedbush increased their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $1,157.14.

Check Out Our Latest Analysis on SNDK

Sandisk Stock Performance

The business has a fifty day moving average of $982.59 and a 200-day moving average of $596.26. The company has a market capitalization of $218.98 billion, a P/E ratio of 51.40 and a beta of 4.82.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results 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 return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion for the quarter. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Sandisk’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk Corporation will post 63.58 EPS for the current year.

Insider Buying and Selling at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 6,525 shares of company stock worth $6,555,092. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Several large investors have recently bought and sold shares of the stock. Liontrust Investment Partners LLP bought a new position in Sandisk during the 1st quarter valued at $11,892,000. January Capital Advisors LLC bought a new position in Sandisk during the 1st quarter valued at $565,000. SOA Wealth Advisors LLC. lifted its stake in Sandisk by 108.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 27 shares in the last quarter. Western Wealth Management LLC bought a new position in Sandisk during the 1st quarter valued at $73,000. Finally, Janus Henderson Group PLC lifted its stake in Sandisk by 18.7% during the 1st quarter. Janus Henderson Group PLC now owns 217,521 shares of the data storage provider’s stock valued at $138,174,000 after acquiring an additional 34,285 shares in the last quarter.

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.