Alta Park Capital LP reduced its position in Sandisk Corporation (NASDAQ:SNDK – Free Report) by 17.9% in the 4th quarter, Holdings Channel reports. The fund owned 197,896 shares of the data storage provider’s stock after selling 43,033 shares during the period. Sandisk makes up about 5.7% of Alta Park Capital LP’s investment portfolio, making the stock its 3rd biggest position. Alta Park Capital LP’s holdings in Sandisk were worth $46,977,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in SNDK. Osaic Holdings Inc. acquired a new position in shares of Sandisk in the 2nd quarter valued at $317,000. Merit Financial Group LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at $408,000. Jones Financial Companies Lllp acquired a new position in shares of Sandisk in the 3rd quarter valued at $134,000. ProShare Advisors LLC acquired a new position in shares of Sandisk in the 3rd quarter valued at $269,000. Finally, Cibc World Market Inc. acquired a new position in shares of Sandisk in the 3rd quarter valued at $923,000.
Sandisk Stock Performance
SNDK opened at $1,958.80 on Thursday. The company has a 50-day moving average of $1,366.71 and a 200-day moving average of $791.01. The company has a market capitalization of $290.08 billion, a P/E ratio of 68.08 and a beta of 4.87. Sandisk Corporation has a 1-year low of $40.10 and a 1-year high of $2,167.33.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Analysts and bullish commentators say Sandisk is benefiting from accelerating AI memory demand, especially at the edge, where more AI-enabled devices need local storage. One recent upgrade argues this could support long-term growth and higher valuation. Sandisk: I Was Wrong, Edge AI Changes Everything (Rating Upgrade)
- Positive Sentiment: Another analysis says AI inference workloads could boost NAND demand through enterprise SSDs, supply agreements, and better margins, reinforcing the bull case for Sandisk’s storage cycle. Can AI Inference Workloads Accelerate NAND Demand for Sandisk?
- Neutral Sentiment: Coverage comparing top 2026 S&P 500 performers continues to spotlight Sandisk as a major AI-memory winner, which can keep investor attention high but does not add new company-specific fundamentals. AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
- Negative Sentiment: Carter Worth of Worth Charting warned that the memory-chip trade has gone “too far, too fast” and singled out Sandisk as the “most overbought stock ever,” encouraging traders to trim or hedge positions. Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”
- Negative Sentiment: Additional articles note Sandisk slipping back after hitting a record high, reinforcing fears of a near-term pullback as investors lock in gains. SanDisk Is ‘the Most Overbought Stock in History,’ Says Polymarket
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Raymond James Financial restated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a report on Friday, May 1st. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Mizuho lifted their price target on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Finally, Melius Research set a $2,350.00 price target on shares of Sandisk in a research note on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,580.67.
View Our Latest Research Report on SNDK
Insider Activity at Sandisk
In other news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction dated 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 approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. The trade was a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 over the last quarter. Company insiders own 0.21% of the company’s stock.
Sandisk Company 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.
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