Everhart Financial Group Inc. Invests $223,000 in Sandisk Corporation $SNDK

Everhart Financial Group Inc. bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,991 shares of the data storage provider’s stock, valued at approximately $223,000.

A number of other large investors also recently bought and sold shares of the business. CVA Family Office LLC purchased a new position in Sandisk during the third quarter worth approximately $28,000. Covestor Ltd acquired a new stake in Sandisk in the 3rd quarter valued at $37,000. Cromwell Holdings LLC purchased a new stake in Sandisk in the 3rd quarter worth $39,000. True Wealth Design LLC acquired a new position in Sandisk during the third quarter worth $40,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Sandisk during the third quarter valued at $41,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Q2 results and outlook beat expectations — SanDisk reported a strong quarter with revenue up sharply year-over-year and an earnings beat that investors are still digesting; the earnings momentum is the catalyst cited across outlets. SanDisk stocks rockets another 16% today
• Positive Sentiment: Major analyst price-target lifts and upgrades — Citigroup raised its target to $750 with a Buy rating, and other outlets report targets in the $690–$740 range, signaling Wall Street conviction that there’s more upside. Benzinga coverage of Citigroup price-target raise
• Positive Sentiment: Wall Street bullishness and big price targets — Several pieces highlight multi?hundred percent gains since the spin?off and some analysts projecting $1,000+ long-term targets, reinforcing momentum buying. Up 1,479%, Wall Street Sees Sandisk Hitting $1,000
• Positive Sentiment: Industry narrative: AI-driven NAND demand — Analysis pieces argue SanDisk is benefiting from structural NAND/AI demand, higher margins and strong unit economics versus cyclical peers, which supports a higher valuation multiple. Seeking Alpha: Smart money moving to Sandisk
• Neutral Sentiment: Momentum and retail-interest anecdotes — Coverage notes big individual gains (e.g., a publicized 54% return by a noted investor), which fuels retail interest but is anecdotal for fundamentals. TipRanks: Investor return anecdote
• Negative Sentiment: Sharp overbought/technical risk — Technical coverage flags the stock sitting hundreds of percent above its 200?day moving average (reports cite ~380% above), which raises heightened short?term pullback risk for momentum?driven traders. Benzinga: 380% above 200-day average

Sandisk Price Performance

SNDK stock opened at $665.24 on Tuesday. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $676.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92. The firm has a market capitalization of $97.49 billion and a PE ratio of -87.65. The business has a 50 day simple moving average of $317.63 and a 200-day simple moving average of $184.96.

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

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research reports. Morgan Stanley set a $690.00 target price on shares of Sandisk in a research note on Friday. UBS Group set a $1,000.00 price objective on Sandisk in a research note on Monday. Wells Fargo & Company raised their target price on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Zacks Research cut Sandisk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald increased their price objective on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average price target of $542.85.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

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.