Catalina Capital Group LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 387 shares of the data storage provider’s stock, valued at approximately $246,000.
Other large investors have also modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Sandisk in the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk in the fourth quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sandisk during the third quarter valued at about $27,000. Chung Wu Investment Group LLC acquired a new position in Sandisk during the fourth quarter worth about $27,000. Finally, Westfuller Advisors LLC grew its stake in shares of Sandisk by 51.8% in the 4th 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.
Insider Transactions at Sandisk
In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the transaction, the insider owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk 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 transaction 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,625 shares of company stock worth $8,913,497. Corporate insiders own 0.21% of the company’s stock.
Sandisk Price Performance
Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same period last year, the business earned ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current year.
Wall Street Analyst Weigh In
SNDK has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. UBS Group set a $1,700.00 target price on shares of Sandisk in a report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating and set a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Weiss Ratings lowered shares of Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Evercore reiterated an “outperform” rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,665.19.
Get Our Latest Report on Sandisk
About Sandisk
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.
Read More
- Five stocks we like better than Sandisk
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).
Receive News & Ratings for Sandisk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandisk and related companies with MarketBeat.com's FREE daily email newsletter.
