Sandisk (NASDAQ:SNDK) Shares Gap Up – Here’s What Happened

Posted by George Bondi on Jul 20th, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1,354.82, but opened at $1,408.78. Sandisk shares last traded at $1,422.8380, with a volume of 2,606,537 shares.

Wall Street Analysts Forecast Growth

SNDK has been the topic of a number of research reports. Evercore set a $3,100.00 price target on shares of Sandisk in a research note on Monday, July 13th. Mizuho raised their price objective on shares of Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Morgan Stanley boosted their price objective on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Susquehanna upped their target price on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Finally, Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,803.29.

Get Our Latest Research Report on Sandisk

Sandisk Price Performance

The stock has a market cap of $212.25 billion, a P/E ratio of 49.56 and a beta of 4.74. The stock has a 50-day simple moving average of $1,746.25 and a 200-day simple moving average of $1,048.16.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same period last year, the company posted ($0.30) EPS. The firm’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, sell-side analysts forecast that Sandisk Corporation will post 64.52 earnings per share for the current year.

Insider Activity at Sandisk

In related news, insider Bernard Shek sold 600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the transaction, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,225 shares of company stock valued at $10,166,297 in the last quarter. 0.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dogwood Wealth Management LLC increased its holdings in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after purchasing an additional 6 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in Sandisk by 2.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after buying an additional 10 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in Sandisk by 1.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 772 shares of the data storage provider’s stock worth $1,755,000 after buying an additional 12 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Sandisk by 12.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Sandisk by 2.5% in the 2nd quarter. Versant Capital Management Inc now owns 527 shares of the data storage provider’s stock valued at $1,198,000 after buying an additional 13 shares during the last quarter.

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.