Sandisk (NASDAQ:SNDK) CAO Sells $3,488,436.28 in Stock

Sandisk Corporation (NASDAQ:SNDK) CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the transaction, the chief accounting officer 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sandisk Stock Down 4.5%

Shares of NASDAQ:SNDK traded down $64.51 during trading on Thursday, hitting $1,382.72. 11,129,783 shares of the company traded hands, compared to its average volume of 18,420,801. The business’s fifty day moving average is $882.95 and its 200-day moving average is $547.04. The stock has a market capitalization of $204.77 billion, a price-to-earnings ratio of 48.06 and a beta of 4.82. Sandisk Corporation has a one year low of $35.79 and a one year high of $1,600.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same period last year, the business posted ($0.30) EPS. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, analysts forecast that Sandisk Corporation will post 63.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SNDK shares. Melius Research began coverage on shares of Sandisk in a report on Monday, April 27th. They set a “buy” rating for the company. Cantor Fitzgerald lifted their price objective on shares of Sandisk from $1,400.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $1,100.00 price target on shares of Sandisk in a research note on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in Sandisk in the third quarter worth about $1,970,388,000. State Street Corp acquired a new position in Sandisk during the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership acquired a new position in Sandisk during the 3rd quarter valued at about $297,293,000. Norges Bank bought a new stake in shares of Sandisk during the 4th quarter worth about $518,889,000. Finally, Bank of America Corp DE bought a new stake in shares of Sandisk during the 3rd quarter worth about $190,425,000.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P reportedly upgraded Sandisk after the company repaid all debt, built a $3.7 billion cash position, and announced a $6 billion stock buyback plan, all of which support a more shareholder-friendly capital structure. What's Going On With Sandisk Stock Thursday?
• Positive Sentiment: Analysts raised their price target on Sandisk, reinforcing the view that AI-driven demand for DRAM, NAND, and enterprise storage can keep earnings momentum strong. SanDisk (SNDK) price target increased by 44.34% to 1,248.91
• Positive Sentiment: Continued coverage around Sandisk as a key AI infrastructure winner has kept sentiment strong, with traders focusing on the company’s structural demand and pricing power in memory chips. How Far Can the Micron and Sandisk Rally Run?

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.