Silverleafe Capital Partners LLC Buys 295 Shares of Sandisk Corporation $SNDK

Silverleafe Capital Partners LLC bought a new position in Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 295 shares of the data storage provider’s stock, valued at approximately $513,000.

Several other hedge funds have also recently modified their holdings of the business. Versant Capital Management Inc boosted its position in shares of Sandisk by 6.8% during the third quarter. Versant Capital Management Inc now owns 563 shares of the data storage provider’s stock valued at $980,000 after buying an additional 36 shares during the last quarter. Doliver Advisors LP bought a new stake in Sandisk in the 3rd quarter worth about $367,000. Atomic Invest LLC purchased a new position in Sandisk in the 2nd quarter worth about $25,000. Silicon Valley Capital Partners lifted its stake in Sandisk by 1,917.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 343 shares of the data storage provider’s stock valued at $779,000 after acquiring an additional 326 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Sandisk during the 2nd quarter valued at about $455,000.

Key Headlines Impacting Sandisk

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Susquehanna reduced their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $3,000.00 target price (up from $1,700.00) on shares of Sandisk in a research report on Thursday, August 6th. Wedbush reiterated an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Finally, Evercore reissued an “outperform” rating and set a $3,100.00 price target (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,113.92.

Sandisk Stock Performance

Shares of NASDAQ SNDK traded down $67.70 during midday trading on Friday, hitting $1,719.99. 8,159,249 shares of the company’s stock traded hands, compared to its average volume of 15,442,598. The firm has a fifty day moving average of $1,540.07 and a 200 day moving average of $1,436.54. Sandisk Corporation has a 1 year low of $115.68 and a 1 year high of $2,354.39. The stock has a market capitalization of $251.84 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 0.17 and a beta of 5.23.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 208.94 earnings per share for the current year.

Sandisk declared that its board has authorized a share buyback plan 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 plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Sandisk

In other news, CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the completion of the sale, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. This represents a 8.12% decrease in their position. 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. Also, EVP Alper Ilkbahar sold 4,712 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,299 shares of company stock valued at $120,118,158 over the last three months. Insiders own 0.21% of the company’s stock.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.