Sandisk (NASDAQ:SNDK) Director Necip Sayiner Sells 1,271 Shares

Sandisk Corporation (NASDAQ:SNDK) Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sandisk Stock Up 0.8%

Shares of SNDK traded up $1.69 during trading hours on Friday, hitting $215.00. The company had a trading volume of 1,354,247 shares, compared to its average volume of 5,704,742. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $31.51 billion and a PE ratio of 671.88. Sandisk Corporation has a one year low of $27.89 and a one year high of $284.76. The company’s fifty day moving average price is $184.03 and its two-hundred day moving average price is $96.91.

Sandisk (NASDAQ:SNDK) last posted its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The company’s revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Trading of Sandisk

A number of hedge funds have recently modified their holdings of SNDK. Allworth Financial LP acquired a new stake in Sandisk during the third quarter worth about $275,000. IFP Advisors Inc purchased a new stake in Sandisk in the 3rd quarter worth approximately $112,000. Swiss Life Asset Management Ltd grew its stake in shares of Sandisk by 27.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,090 shares of the data storage provider’s stock worth $683,000 after purchasing an additional 1,318 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Sandisk during the 3rd quarter valued at approximately $241,000. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Sandisk in the 3rd quarter valued at $2,466,000.

Analysts Set New Price Targets

Several research firms recently commented on SNDK. Benchmark boosted their price objective on shares of Sandisk from $125.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Bank of America lifted their price target on shares of Sandisk from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Wells Fargo & Company increased their price objective on Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Morgan Stanley raised their price objective on Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Finally, Zacks Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

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.