Sandisk (NASDAQ:SNDK) Shares Acquired Rep. Josh Gottheimer

Posted by Stephan Jacobs on Jun 5th, 2026

Representative Josh Gottheimer (Democratic-New Jersey) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on June 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on May 7th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 5/27/2026.
Purchased $1,001 – $15,000 in shares of Lumentum (NASDAQ:LITE) on 5/22/2026.
Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 5/22/2026.
Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 5/21/2026.
Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 5/19/2026.
Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 5/15/2026.
Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 5/14/2026.
Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/14/2026.
Sold $1,001 – $15,000 in shares of Nestle (OTCMKTS:NSRGY) on 5/5/2026.
Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2026.

Sandisk Price Performance

NASDAQ:SNDK opened at $1,759.68 on Friday. The company has a 50 day moving average price of $1,157.00 and a 200-day moving average price of $689.74. Sandisk Corporation has a 1-year low of $37.33 and a 1-year high of $1,861.00. The firm has a market cap of $260.59 billion, a price-to-earnings ratio of 61.16 and a beta of 4.87.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Transactions at Sandisk

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated 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 sale, the director 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. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 5,025 shares of company stock valued at $7,871,897. Corporate insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Analysts remain broadly bullish on Sandisk, with recent upgrades and higher price targets reinforcing the view that strong AI-driven NAND demand and tight memory supply can keep earnings and valuation elevated. Article
Positive Sentiment: Multiple reports highlighted Sandisk as a key beneficiary of the AI infrastructure buildout, suggesting the company could continue to see strong pricing power and demand for its storage products. Article
Positive Sentiment: Commentary this week said Sandisk’s rally may not be over, with bulls arguing that booming AI memory demand and rising prices could support further upside. Article
Neutral Sentiment: Sandisk EVP Alper Ilkbahar sold 2,000 shares, a large-dollar transaction but a relatively small portion of his holdings, so investors may view it as routine profit-taking rather than a major warning sign. SEC filing
Negative Sentiment: One notable headwind is that the AI and chip sector cooled after Broadcom’s weaker-than-expected outlook, dragging down Sandisk along with other memory names on concerns the trade had become crowded. Article
Negative Sentiment: Another report flagged record-high short interest alongside Sandisk’s soaring stock price, which suggests the move has become crowded and could be vulnerable if momentum fades. Article

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNDK. Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. Melius Research set a $2,350.00 price target on Sandisk in a report on Monday, May 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 price target on shares of Sandisk in a research report on Friday, May 1st. Finally, Mizuho raised their price objective on Sandisk from $1,625.00 to $1,825.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sandisk presently has a consensus rating of “Buy” and a consensus target price of $1,398.27.

Check Out Our Latest Research Report on SNDK

Institutional Trading of Sandisk

A number of institutional investors have recently made changes to their positions in SNDK. Valley Wealth Managers Inc. acquired a new position in Sandisk in the 1st quarter valued at $25,000. Whittier Trust Co. acquired a new stake in Sandisk during the 4th quarter worth $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk during the 4th quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the third quarter worth $27,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the fourth quarter valued at about $27,000.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.