David Goeckeler Sells 33,841 Shares of Sandisk (NASDAQ:SNDK) Stock

Sandisk Corporation (NASDAQ:SNDK) CEO David Goeckeler sold 33,841 shares of Sandisk stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer owned 382,865 shares in the company, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Goeckeler also recently made the following trade(s):

• On Monday, September 14th, David Goeckeler sold 33,838 shares of Sandisk stock. The stock was sold at an average price of $1,527.87, for a total transaction of $51,700,065.06.

Sandisk Trading Down 1.4%

Shares of NASDAQ SNDK traded down $25.18 during midday trading on Monday, reaching $1,766.64. 10,376,256 shares of the company were exchanged, compared to its average volume of 15,812,787. Sandisk Corporation has a 1 year low of $93.54 and a 1 year high of $2,354.39. The stock has a fifty day simple moving average of $1,500.67 and a 200 day simple moving average of $1,362.09. The stock has a market cap of $258.67 billion, a P/E ratio of 24.23, a PEG ratio of 0.18 and a beta of 5.17.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion during the quarter. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on SNDK. Evercore reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 13th. Mizuho lowered their target price on shares of Sandisk from $1,900.00 to $1,875.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. New Street Research set a $3,000.00 price target on shares of Sandisk in a research note on Thursday, August 6th. Bank of America raised their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,998.14.

Hedge Funds Weigh In On Sandisk

Several hedge funds and other institutional investors have recently bought and sold shares of SNDK. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the first quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in shares of Sandisk during the 1st quarter worth $29,000. Dunhill Financial LLC acquired a new position in shares of Sandisk during the 2nd quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Sandisk in the 2nd quarter worth about $32,000. Finally, Kilter Group LLC purchased a new stake in shares of Sandisk in the 2nd quarter worth about $32,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand remains the main bullish driver. Analysts and industry commentary point to a growing “memory wall” problem, with AI workloads requiring substantially more high-performance storage and memory. Strong semiconductor data and renewed technology-sector momentum also supported premarket interest in SNDK. Why Are AI Memory Chip Stocks Micron and SanDisk Rising Today, and Who Owns Them?
• Positive Sentiment: SanDisk’s recent inclusion in S&P 100-related coverage and its constructive technical setup have increased visibility and may attract additional institutional demand. The company is also being highlighted among leading stocks forming bullish base patterns. SanDisk Stock Jumped 11% on S&P 100 News
• Neutral Sentiment: A market roundup identified SNDK as one of the technology stocks investors are watching as the sector regains leadership heading into the fourth quarter. This supports sentiment but does not represent a new company-specific announcement. Tech Retakes Lead Heading into Q4
• Negative Sentiment: China-based CXMT reportedly moved a newer DRAM process into mass production, potentially improving wafer yields and production economics. Greater Chinese supply could challenge the tight-memory thesis and pressure pricing and margins across the industry. Micron, SanDisk Stocks Face a New Test Today
• Negative Sentiment: Analysis warns that SanDisk’s pricing contracts contain built-in depreciation, creating a risk that realized prices decline even while AI demand remains strong. Technical commentary also points to resistance after the stock’s sharp recent recovery, increasing the likelihood of profit-taking. Sandisk Pricing Contracts Have Inbuilt Price Depreciation

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.