Sandisk (NASDAQ:SNDK) Shares Down 1.4% on Insider Selling

Sandisk Corporation (NASDAQ:SNDK) shares fell 1.4% on Monday following insider selling activity. The stock traded as low as $1,737.01 and last traded at $1,766.64. 10,293,346 shares traded hands during trading, a decline of 35% from the average daily volume of 15,807,884 shares. The stock had previously closed at $1,791.82.

Specifically, CEO David Goeckeler sold 33,841 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total value of $53,272,840.61. Following the transaction, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. This trade represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,838 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $1,527.87, for a total transaction of $51,700,065.06. Following the sale, the chief executive officer owned 413,410 shares of the company’s stock, valued at $631,636,736.70. This represents a 7.57% 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. In other Sandisk news, CFO Luis Visoso sold 1,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. This represents a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNDK shares. Rosenblatt Securities assumed coverage on shares of Sandisk in a research report on Tuesday. They issued a “buy” rating and a $2,400.00 price objective on the stock. UBS Group reiterated an “overweight” rating and set a $1,750.00 target price on shares of Sandisk in a report on Friday, August 14th. Wells Fargo & Company boosted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Mizuho lowered their price target on Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price objective on shares of Sandisk in a report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,015.61.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Rosenblatt Securities upgraded SanDisk to “Strong Buy” and set a $2,400 price target, citing AI-driven demand and the growing importance of NAND flash in data-center infrastructure. The target implies meaningful upside from the reference price. SanDisk Just Scored a New Buy Rating
• Positive Sentiment: SanDisk has reportedly secured buyers for roughly half of its current-year output and about two-thirds of next year’s production. Long-term contracts with floor prices could provide greater revenue visibility and help protect margins during a future memory downturn. SanDisk Has Signed Away Two-Thirds of Next Year’s Output
• Neutral Sentiment: Investor comparisons with Micron emphasize that both companies benefit from tight memory supplies, rising chip prices and AI spending. However, SanDisk’s extraordinary 2026 advance has prompted investors to reassess valuation and how much future growth is already reflected in the stock. SanDisk vs. Micron
• Negative Sentiment: Shares have given back part of their previous-session advance as traders lock in profits across memory stocks. The retreat is especially notable because SanDisk has surged roughly 695% in 2026, increasing sensitivity to valuation, resistance levels and any signs that AI enthusiasm is moderating. Why Micron and SanDisk Stocks Slipped
• Negative Sentiment: CEO David Goeckeler sold 33,841 shares for approximately $53.3 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing its signaling value, but continued insider selling may still weigh on sentiment after the stock’s steep run. SanDisk CEO Share Sale

Sandisk Stock Down 1.6%

The company has a market capitalization of $271.89 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 0.18 and a beta of 5.17. The company has a 50-day moving average of $1,505.11 and a two-hundred day moving average of $1,379.62.

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 business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.Sandisk’s revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts expect that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its board has authorized a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SNDK. Handelsbanken Fonder AB increased its holdings in Sandisk by 35.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider’s stock valued at $130,885,000 after acquiring an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Sandisk during the second quarter valued at about $4,775,000. Florida Financial Advisors LLC purchased a new position in shares of Sandisk during the first quarter valued at about $2,747,000. UNICOM Systems Inc. increased its holdings in shares of Sandisk by 14.9% in the second quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider’s stock worth $133,013,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC bought a new stake in shares of Sandisk in the second quarter worth about $2,506,000.

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.