Insider Selling: Sandisk (NASDAQ:SNDK) EVP Sells 2,000 Shares of Stock

Posted by George Bondi on Jun 3rd, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sandisk Price Performance

SNDK stock traded down $45.07 during midday trading on Tuesday, reaching $1,716.36. 7,021,513 shares of the company’s stock traded hands, compared to its average volume of 17,570,676. The company has a market capitalization of $254.18 billion, a P/E ratio of 59.66 and a beta of 4.88. Sandisk Corporation has a fifty-two week low of $36.87 and a fifty-two week high of $1,804.00. The business has a 50-day moving average price of $1,093.12 and a two-hundred day moving average price of $657.86.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period last year, the firm earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, research analysts forecast that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Analysts and market commentators continue to frame Sandisk as a key beneficiary of the AI data-center buildout, with memory shortages and strong pricing supporting earnings and revenue growth. Why Sandisk Corporation Is My Favorite Stock Idea Right Now
Positive Sentiment: Zacks said the storage-devices industry is gaining momentum, citing demand from cloud computing, IoT, auto and AI as tailwinds for Sandisk and peers. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
Positive Sentiment: Multiple articles point to fresh bullish analyst coverage and elevated price targets, suggesting Wall Street still sees upside despite Sandisk’s historic run. After SanDisk’s Historic Run, Analysts Still See More Upside
Positive Sentiment: Recent coverage notes that Sandisk has outperformed many semiconductor peers as the “AI memory supercycle” drives a parabolic move in storage stocks. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
Neutral Sentiment: Sandisk remains one of the most-searched tickers on Benzinga Pro, reflecting intense investor attention rather than a clear fundamental catalyst on its own. EXCLUSIVE: Top 12 Most-Searched Tickers In May On Benzinga Pro
Neutral Sentiment: Some pieces ask whether Sandisk’s surge has gone too far, with record-high short interest and a sharp valuation run-up potentially creating volatility. SanDisk’s stock and short interest both at record highs – do the bears know something?

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SNDK shares. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Morgan Stanley reiterated an “overweight” rating and set a $1,100.00 price objective on shares of Sandisk in a research note on Monday, April 27th. Sanford C. Bernstein lifted their price objective on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Mizuho lifted their price objective on shares of Sandisk from $1,625.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Citigroup lifted their price objective on shares of Sandisk from $1,300.00 to $2,025.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Sandisk presently has an average rating of “Buy” and a consensus target price of $1,368.73.

Read Our Latest Stock Analysis on SNDK

Institutional Trading of Sandisk

A number of hedge funds have recently made changes to their positions in SNDK. Valley Wealth Managers Inc. purchased a new stake in shares of Sandisk during the first quarter valued at approximately $25,000. Whittier Trust Co. bought a new stake in shares of Sandisk in the fourth quarter worth $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk in the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the third quarter worth $27,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the fourth quarter worth $27,000.

Sandisk Company Profile

(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.