Sandisk (NASDAQ:SNDK) EVP Sells 4,712 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) EVP Alper Ilkbahar sold 4,712 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. The trade was a 9.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alper Ilkbahar also recently made the following trade(s):

• On Thursday, September 3rd, Alper Ilkbahar sold 400 shares of Sandisk stock. The stock was sold at an average price of $1,563.89, for a total value of $625,556.00.

Sandisk Trading Down 0.1%

SNDK traded down $2.01 during trading on Tuesday, reaching $1,737.99. 11,124,220 shares of the company’s stock were exchanged, compared to its average volume of 12,744,502. Sandisk Corporation has a one year low of $69.57 and a one year high of $2,354.39. The firm has a fifty day moving average price of $1,526.40 and a two-hundred day moving average price of $1,305.86. The stock has a market capitalization of $254.48 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 0.17 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion during the quarter. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Sandisk

Several hedge funds have recently added to or reduced their stakes in SNDK. Hudock Inc. bought a new stake in Sandisk in the 2nd quarter valued at about $514,000. JW Asset Management LLC boosted its position in Sandisk by 20.2% during the second quarter. JW Asset Management LLC now owns 7,810 shares of the data storage provider’s stock worth $17,758,000 after purchasing an additional 1,310 shares during the period. Arizona State Retirement System increased its stake in shares of Sandisk by 3.8% in the second quarter. Arizona State Retirement System now owns 39,709 shares of the data storage provider’s stock worth $90,288,000 after purchasing an additional 1,467 shares in the last quarter. West Family Investments Inc. purchased a new position in shares of Sandisk in the second quarter worth about $323,000. Finally, Empirical Finance LLC raised its position in shares of Sandisk by 5.2% in the second quarter. Empirical Finance LLC now owns 3,719 shares of the data storage provider’s stock valued at $8,456,000 after purchasing an additional 184 shares during the period.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. began coverage on Sandisk in a report on Friday, August 14th. They set an “overweight” rating and a $2,250.00 price objective for the company. UBS Group restated an “overweight” rating and set a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. 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. Jefferies Financial Group reiterated a “buy” rating on shares of Sandisk in a report on Thursday, August 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,998.14.

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.