8,053 Shares in Sandisk Corporation $SNDK Acquired by Hartford Investment Management Co.

Hartford Investment Management Co. acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,053 shares of the data storage provider’s stock, valued at approximately $1,912,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Composition Wealth LLC boosted its holdings in Sandisk by 0.4% in the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock worth $2,445,000 after buying an additional 41 shares during the period. Westfuller Advisors LLC boosted its holdings in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after buying an additional 43 shares during the period. Everhart Financial Group Inc. boosted its holdings in Sandisk by 3.4% in the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after buying an additional 67 shares during the period. Assetmark Inc. boosted its holdings in Sandisk by 71.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock worth $42,000 after buying an additional 73 shares during the period. Finally, Savvy Advisors Inc. boosted its holdings in Sandisk by 1.3% in the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock worth $1,645,000 after buying an additional 87 shares during the period.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,382.72 on Friday. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The company has a market capitalization of $204.77 billion, a P/E ratio of 48.06 and a beta of 4.82. The company has a fifty day moving average of $882.95 and a 200-day moving average of $547.04.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data 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. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The company had revenue of $5.95 billion during the quarter. During the same period in the prior year, the firm posted ($0.30) earnings per share. The business’s revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 63.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNDK has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Sandisk in a report on Friday, May 1st. Melius Research initiated coverage on shares of Sandisk in a report on Monday, April 27th. They issued a “buy” rating for the company. Barclays boosted their price target on shares of Sandisk from $750.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Benchmark boosted their price target on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, KGI Securities initiated coverage on shares of Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,065.81.

Insider Transactions at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,525 shares of company stock valued at $6,555,092. Insiders own 0.21% of the company’s stock.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P upgraded Sandisk after the company repaid all debt, built a $3.7 billion cash position, and announced a $6 billion stock buyback plan, reinforcing confidence in its balance sheet and capital return strategy. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts raised price targets and several commentary pieces highlighted Sandisk as a major beneficiary of the AI infrastructure trade, with investors betting on strong demand for DRAM, NAND, high-bandwidth memory, and enterprise storage. How Far Can the Micron and Sandisk Rally Run?
• Positive Sentiment: Momentum in memory-chip names has also been supported by reports of a tighter supply backdrop, including concerns that labor disruption at Samsung could affect global memory-chip output. Why Micron, Sandisk Stock Are Climbing Despite Fears of an Even Bigger Memory-Chip Shortage
• Neutral Sentiment: Sandisk continues to attract heavy retail and ETF attention, including leveraged AI and memory-focused products, which can amplify volatility but also keep trading interest elevated. Seagate, SanDisk Stocks Get 2X ETF Boost As Themes Expands Leveraged AI Trade With 9 Funds
• Negative Sentiment: A CAO sold 2,446 shares for about $3.49 million, trimming ownership by nearly 10%; insider selling can sometimes weigh on sentiment even when it may be routine. SEC filing
• Negative Sentiment: Some articles warned that the stock’s massive run-up may be leaving it vulnerable to pullbacks, with technical and valuation-focused pieces urging caution after the recent surge. Don’t Throw Caution Away, Says Top Investor About Sandisk Stock

Sandisk 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.