Pinnbrook Capital Management LP Buys Shares of 23,300 Sandisk Corporation $SNDK

Pinnbrook Capital Management LP bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,300 shares of the data storage provider’s stock, valued at approximately $2,614,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at $1,136,000. New York State Teachers Retirement System bought a new position in Sandisk in the 3rd quarter worth about $13,546,000. Sage Rhino Capital LLC bought a new position in Sandisk in the 3rd quarter worth about $587,000. Y Intercept Hong Kong Ltd purchased a new position in Sandisk during the 3rd quarter valued at about $7,046,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Sandisk during the 3rd quarter valued at about $514,000.

Insider Buying and Selling

In other news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by corporate insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector-wide NAND shortage + AI demand — analysts and market commentary point to a structural NAND supply deficit driven by AI infrastructure spending, which is lifting pricing and investor optimism for flash-memory suppliers like SanDisk. SanDisk Climbs 6% as Sector-Wide Memory Shortage Fuels Fresh Investor Optimism
• Positive Sentiment: Strategic industry collaboration — SanDisk joined SK Hynix on initiatives to develop high‑bandwidth flash for AI, signaling product roadmaps aligned with hyperscaler needs and potential preferential design wins. Sandisk Joins SK Hynix To Shape High Bandwidth Flash For AI
• Positive Sentiment: Company guidance and results support growth thesis — management has signaled accelerated NAND growth and Sandisk’s recent quarterly beat (EPS and revenue well above estimates) underpin expectations for stronger margins and cash generation. SanDisk Corp. (SNDK) projects accelerated growth for NAND
• Positive Sentiment: Bullish analyst/market commentary — buy-side pieces (e.g., Seeking Alpha) argue the rally has more room, citing product pipeline wins (Gen5 TLC, BiCS8) and hyperscaler adoption that should expand the data‑center SSD mix. Sandisk May Not Be Peaking Yet – Buy
• Neutral Sentiment: Industry ecosystem strength — suppliers and equipment makers (e.g., Aehr Test Systems) are seeing AI-driven orders for wafer/package testing; this validates higher NAND activity but is an indirect positive for SanDisk. AEHR Keeps Winning: Up +100% With Memory Chip Deal Potential (SNDK)
• Neutral Sentiment: Investor visibility from conferences — Sandisk’s Cantor conference presentation provides management detail and helped reinforce the story, but it’s incremental vs. earnings and industry supply dynamics. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation caution — some analysts warn SNDK’s rapid >1,000% YTD+ move has left a rich valuation and high sales multiple, raising the risk that near‑term outperformance is already priced in and that volatility/mean reversion could follow. Sandisk Surges on AI Storage Demand: Is the Rally Already Priced in?

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SNDK shares. Bank of America increased their price target on shares of Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Benchmark upped their target price on shares of Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Barclays increased their target price on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Stock Performance

Shares of SNDK opened at $661.62 on Friday. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $725.00. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The company has a market cap of $97.66 billion and a PE ratio of -87.17. The stock has a 50-day moving average price of $541.07 and a 200-day moving average price of $297.64.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. Sandisk’s revenue for the quarter was up 61.2% on a year-over-year basis.

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.