1,551 Shares in Sandisk Corporation $SNDK Acquired by R Squared Ltd

R Squared Ltd bought a new stake in Sandisk Corporation (NASDAQ:SNDK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,551 shares of the data storage provider’s stock, valued at approximately $985,000. Sandisk comprises 0.5% of R Squared Ltd’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Sandisk by 84.2% during the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after acquiring an additional 2,067 shares during the period. Tredje AP fonden acquired a new position in shares of Sandisk in the 4th quarter valued at about $7,821,000. ProShare Advisors LLC boosted its position in shares of Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock valued at $7,985,000 after purchasing an additional 31,237 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Sandisk during the 4th quarter valued at about $422,000. Finally, North Dakota State Investment Board acquired a new stake in Sandisk during the fourth quarter worth approximately $1,127,000.

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research analyst reports. Susquehanna lifted their target price on Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Morgan Stanley increased their price target on Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Wells Fargo & Company raised their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Sanford C. Bernstein lifted their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Finally, Wedbush boosted their target price on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,684.24.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several recent articles highlight that analysts remain bullish on SanDisk, with some raising price targets and arguing the company can still benefit from AI-driven memory demand and ongoing NAND supply shortages. SanDisk Stock (SNDK) Rises as Goldman Lifts Price Target by Over 83%; Expects a ‘Very Strong Quarter’
• Positive Sentiment: Commentary also points to SanDisk’s strong momentum in 2026, including massive gains this year and continued demand for its flash memory products as AI storage needs expand. Sandisk Stock Is Up Nearly 635% in 2026. Can It Still Go Higher?
• Neutral Sentiment: Some pieces frame the recent drop as a valuation reset after an extraordinary run, rather than a company-specific problem, suggesting the stock may be volatile but the longer-term story is still intact. Sandisk Stock Was Red Hot but Get Set for a Cold Snap
• Neutral Sentiment: SanDisk also received positive long-term momentum coverage from Zacks, which may support investor confidence but does not appear to be the main catalyst for today’s move. Why Sandisk Corporation (SNDK) is a Top Momentum Stock for the Long-Term
• Negative Sentiment: SanDisk shares are under pressure because investors are reacting to a broad memory-sector selloff tied to Samsung’s strong results, which raised fears of a shift in supply-demand dynamics and triggered profit-taking across chip names. SanDisk stock drops as Samsung-led chip selloff hits memory sector
• Negative Sentiment: Other reports say the stock’s recent reversal is part of a broader “memory rout,” with concerns that the AI hardware trade may be cooling after a huge run-up in memory names. Sandisk Stock Was Red Hot but Get Set for a Cold Snap

Insider Transactions at Sandisk

In other news, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares of the company’s stock, valued at $92,531,364.66. This represents a 3.66% 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. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,225 shares of company stock valued at $10,166,297 over the last ninety days. Company insiders own 0.21% of the company’s stock.

Sandisk Trading Down 10.4%

Sandisk stock traded down $181.09 during midday trading on Tuesday, reaching $1,563.34. The stock had a trading volume of 8,024,348 shares, compared to its average volume of 16,509,299. The company has a fifty day moving average price of $1,666.46 and a two-hundred day moving average price of $958.11. Sandisk Corporation has a 12 month low of $40.10 and a 12 month high of $2,354.39. The company has a market capitalization of $231.51 billion, a P/E ratio of 54.49 and a beta of 4.74.

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 quarter in the previous year, the company posted ($0.30) EPS. The firm’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. On average, equities research analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

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.