Monashee Investment Management LLC Purchases Shares of 5,000 Sandisk Corporation $SNDK

Monashee Investment Management LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the data storage provider’s stock, valued at approximately $3,177,000. Sandisk accounts for approximately 1.7% of Monashee Investment Management LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden purchased a new stake in shares of Sandisk during the 4th quarter worth about $7,821,000. ProShare Advisors LLC grew its holdings 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 worth $7,985,000 after purchasing an additional 31,237 shares during the period. FourThought Financial Partners LLC acquired a new stake in Sandisk during the 4th quarter worth approximately $422,000. Finally, North Dakota State Investment Board acquired a new stake in Sandisk during the 4th quarter worth approximately $1,127,000.

Sandisk Stock Performance

Shares of NASDAQ:SNDK opened at $1,599.27 on Thursday. The company has a market cap of $236.84 billion, a P/E ratio of 55.59 and a beta of 4.74. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The business’s 50-day simple moving average is $1,748.90 and its 200 day simple moving average is $1,075.37.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business’s revenue was up 251.0% on a year-over-year basis. During the same period last year, the firm posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Reports say memory prices are still surging, which supports expectations for stronger revenue and margins at Sandisk. Memory Prices Are Still Skyrocketing. Is the Next Rally for Micron, Sandisk, and SK Hynix Just Beginning?
• Positive Sentiment: Analysts and market commentators continue to highlight Sandisk as a beneficiary of AI-related NAND demand, enterprise SSD growth, and favorable pricing dynamics. Sandisk Trades at 8.3X Discounted P/E: Time to Buy the Stock?
• Positive Sentiment: UBS and other strategists said the recent selloff in AI and semiconductor names may be nearing exhaustion, which could help sentiment rebound further in Sandisk. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why
• Positive Sentiment: Tuesday’s memory-stock rally and Morgan Stanley’s forecast for another big jump in memory prices reinforced the bullish setup for SNDK. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Neutral Sentiment: Some coverage noted that the stock also saw profit-taking and broader market weakness at times, which can create short-term volatility even within the stronger trend. Why Is Sandisk Stock Falling on Wednesday?

Wall Street Analyst Weigh In

SNDK has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of Sandisk from $2,025.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Argus began coverage on shares of Sandisk in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Susquehanna raised their target price on shares of Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Finally, Morgan Stanley lifted their target price on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average target price of $1,820.90.

Insider Activity

In other news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction 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 directly owned 22,375 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director directly owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

Sandisk 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.