Situational Awareness LP Increases Holdings in Sandisk Corporation $SNDK

Posted by George Bondi on Jun 6th, 2026

Situational Awareness LP increased its stake in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 816.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,054,200 shares of the data storage provider’s stock after purchasing an additional 939,200 shares during the quarter. Sandisk accounts for approximately 4.5% of Situational Awareness LP’s holdings, making the stock its 8th largest position. Situational Awareness LP’s holdings in Sandisk were worth $250,246,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SNDK. Allworth Financial LP lifted its holdings in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock valued at $1,073,000 after buying an additional 2,067 shares during the period. Tredje AP fonden acquired a new position in shares of Sandisk in the 4th quarter valued at about $7,821,000. ProShare Advisors LLC lifted its holdings in shares of Sandisk by 1,301.5% in the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after buying an additional 31,237 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Sandisk in the 4th quarter valued at about $422,000. Finally, North Dakota State Investment Board acquired a new position in shares of Sandisk in the 4th quarter valued at about $1,127,000.

Sandisk Trading Down 11.4%

NASDAQ:SNDK opened at $1,559.32 on Friday. Sandisk Corporation has a 12 month low of $38.53 and a 12 month high of $1,861.00. The stock has a 50 day moving average of $1,174.63 and a two-hundred day moving average of $695.82. The firm has a market cap of $230.92 billion, a P/E ratio of 54.20 and a beta of 4.87.

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

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk’s AI Storage Moment Is Just Getting Started
Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Analysts Set New Price Targets

SNDK has been the subject of a number of analyst reports. Bank of America upped their price target on Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Arete Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. KGI Securities initiated coverage on Sandisk in a report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 price target for the company. Finally, Mizuho upped their price target on Sandisk from $1,625.00 to $1,825.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,398.27.

View Our Latest Analysis on Sandisk

Insider Buying and Selling

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,625 shares of company stock valued at $8,913,497 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Sandisk Company Profile

(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.