Sandisk Corporation (NASDAQ:SNDK – Get Free Report) insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the completion of the transaction, the insider directly owned 29,884 shares of the company’s stock, valued at $45,591,030.40. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bernard Shek also recently made the following trade(s):
- On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00.
- On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.
Sandisk Price Performance
Shares of Sandisk stock opened at $1,554.99 on Friday. Sandisk Corporation has a 1-year low of $55.55 and a 1-year high of $2,354.39. The company has a market capitalization of $227.68 billion, a P/E ratio of 21.33, a PEG ratio of 0.15 and a beta of 5.17. The business’s fifty day moving average price is $1,550.34 and its two-hundred day moving average price is $1,281.92.
Sandisk declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 5th that permits the company to buyback $14.00 billion in shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
Several analysts have recently weighed in on SNDK shares. Melius Research set a $2,350.00 price objective on Sandisk in a report on Monday, May 18th. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. UBS Group reissued an “overweight” rating and issued a $1,750.00 price target on shares of Sandisk in a report on Friday, August 14th. Susquehanna lowered their price objective on shares of Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research note on Thursday, July 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price objective on shares of Sandisk in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Buy” and an average target price of $1,998.14.
Read Our Latest Analysis on Sandisk
Institutional Trading of Sandisk
Several large investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk in the first quarter worth $25,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. bought a new position in Sandisk in the 1st quarter worth $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk during the 2nd quarter worth about $30,000. Finally, Parallel Advisors LLC acquired a new position in shares of Sandisk during the third quarter worth approximately $30,000.
Sandisk News Roundup
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Upward earnings revisions support the shares. Zacks reiterated a Rank #1 (Strong Buy) for SNDK, citing a strengthening earnings outlook. The view follows Sandisk’s recent earnings beat, 371.6% year-over-year revenue growth and strong fiscal 2027 guidance. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
- Positive Sentiment: AI data-center demand remains a major bullish driver. Analysts continue to identify Sandisk as a way to participate in rising demand for enterprise storage, NAND flash and other memory infrastructure supporting AI workloads. 4 Stocks to Buy Now to Ride the AI Data Center Spending Boom
- Positive Sentiment: Management’s scheduled presentations at the Citi Global TMT Conference and Goldman Sachs Communacopia + Technology Conference could provide fresh commentary on demand, pricing and the company’s outlook. Sandisk Announces Participation in Investor Conferences
- Neutral Sentiment: Recent commentary presents a wide range of expectations, including bullish price targets and comparisons highlighting Sandisk’s rapid revenue expansion. However, the stock’s elevated valuation and high volatility leave it sensitive to changes in the memory cycle and investor sentiment. SanDisk SNDK Stock Prediction
- Negative Sentiment: Growing Chinese competition is the key downside risk. Chinese memory manufacturers are gaining DRAM and NAND market share, raising concerns about future pricing pressure, reduced share and lower margins for Sandisk. Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
- Negative Sentiment: Insider Bernard Shek sold approximately $915,360 of SNDK under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 2%, limiting its significance but adding a modest sentiment headwind. Insider Selling: Sandisk Insider Sells 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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