7,112 Shares in Sandisk Corporation $SNDK Acquired by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC acquired a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, Holdings Channel reports. The firm acquired 7,112 shares of the data storage provider’s stock, valued at approximately $1,688,000. Sandisk accounts for approximately 1.8% of Galaxy Digital Capital Management GP LLC’s holdings, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNDK. Osaic Holdings Inc. purchased a new stake in Sandisk during the second quarter worth $317,000. Merit Financial Group LLC purchased a new position in shares of Sandisk in the third quarter valued at $408,000. ProShare Advisors LLC purchased a new position in shares of Sandisk in the third quarter valued at $269,000. PNC Financial Services Group Inc. purchased a new position in shares of Sandisk in the third quarter valued at $989,000. Finally, Fifth Third Bancorp acquired a new position in shares of Sandisk during the 3rd quarter worth $208,000.

Insider Activity

In related news, CAO Michael Pokorny sold 2,446 shares of the company’s 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 transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the sale, the insider owned 32,232 shares in the company, valued at approximately $55,954,752. This trade represents a 1.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,625 shares of company stock valued at $8,913,497 over the last quarter. 0.21% of the stock is currently owned by company insiders.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
• Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
• Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
• Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
• Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
• Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets

Sandisk Price Performance

Shares of NASDAQ:SNDK opened at $2,184.75 on Friday. The company has a market capitalization of $323.54 billion, a P/E ratio of 75.94 and a beta of 4.87. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,191.69. The stock’s fifty day simple moving average is $1,424.27 and its 200-day simple moving average is $814.48.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, sell-side analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNDK. Wells Fargo & Company boosted 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. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Susquehanna lifted their target price on shares of Sandisk from $2,000.00 to $3,250.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Royal Bank Of Canada upped their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Finally, Evercore reiterated an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

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.