Sandisk (NASDAQ:SNDK) Stock: Insider Bernard Shek Sells 600 Shares

Posted by Francis Steltz on Oct 2nd, 2026

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) insider Bernard Shek sold 600 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. This represents a 2.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 Tuesday, September 8th, Bernard Shek sold 2,308 shares of Sandisk stock. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64.
On Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00.
On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,162.16, for a total transaction of $697,296.00.

Sandisk Trading Down 3.8%

Shares of NASDAQ:SNDK traded down $67.70 on Friday, reaching $1,719.99. 8,159,249 shares of the company traded hands, compared to its average volume of 9,007,977. The business’s 50-day simple moving average is $1,545.74 and its 200 day simple moving average is $1,438.52. Sandisk Corporation has a 52 week low of $115.68 and a 52 week high of $2,354.39. The stock has a market capitalization of $251.84 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 0.18 and a beta of 5.23.

Sandisk (NASDAQ:SNDK – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm’s quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently made changes to their positions in SNDK. Dogwood Wealth Management LLC increased its position in Sandisk by 14.3% during the 2nd quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider’s stock valued at $109,000 after buying an additional 6 shares in the last quarter. Nilsine Partners LLC boosted its holdings in Sandisk by 3.2% in the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider’s stock worth $514,000 after acquiring an additional 7 shares in the last quarter. Insight Wealth Partners LLC boosted its holdings in Sandisk by 0.4% in the second quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider’s stock worth $3,654,000 after acquiring an additional 7 shares in the last quarter. Cornerstone Financial Management LLC boosted its holdings in Sandisk by 60.0% in the second quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider’s stock worth $55,000 after acquiring an additional 9 shares in the last quarter. Finally, Castle Rock Wealth Management LLC grew its stake in shares of Sandisk by 2.4% in the second quarter. Castle Rock Wealth Management LLC now owns 426 shares of the data storage provider’s stock worth $969,000 after acquiring an additional 10 shares during the last quarter.

Analysts Set New Price Targets

SNDK has been the subject of a number of recent analyst reports. Arete Research upped their price target on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a “buy” rating in a report on Thursday, August 27th. New Street Research set a $3,000.00 price target on shares of Sandisk in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $2,113.92.

Check Out Our Latest Research Report on SNDK

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: AI data-center demand is supporting a tight NAND market. Micron’s results pointed to stronger pricing and constrained supply potentially extending through 2028, a backdrop that could benefit SanDisk’s storage products and margins. Citi maintained a Buy view and a $2,100 price target. Citi maintains Buy rating after Micron earnings
Positive Sentiment: Analysts remain constructive on the longer-term opportunity, citing AI-related storage demand, strong pricing, and SanDisk’s shift toward multi-year data-center contracts. A Seeking Alpha analysis upgraded the stock while acknowledging that valuation is richer. SanDisk long-term deal coverage and valuation upgrade
Neutral Sentiment: SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. The September 29 announcement contained no new guidance, leaving earnings and updated forecasts as the next major catalysts. What investors needed to notice in SanDisk stock
Negative Sentiment: Memory and storage shares broadly weakened after Micron pulled back despite a record quarter and strong guidance; Western Digital and Seagate also declined. Investors appear to be taking profits after SanDisk’s exceptional 2026 rally and applying more demanding expectations to the group. Why memory and storage stocks are falling
Negative Sentiment: Routine insider-sale disclosures may be adding short-term pressure. Recent filings show selling by several executives, including CEO David Goeckeler, although some transactions were arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook. Why SanDisk stock is under pressure today

About Sandisk

(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.