66,500 Shares in Sandisk Corporation $SNDK Bought by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,500 shares of the data storage provider’s stock, valued at approximately $15,786,000. Sandisk accounts for 1.0% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 27th largest holding.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in Sandisk during the 4th quarter worth $26,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk during the 4th quarter worth $27,000. Westfuller Advisors LLC boosted its stake in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 43 shares during the period. TD Private Client Wealth LLC boosted its stake in Sandisk by 137.9% during the 4th quarter. TD Private Client Wealth LLC now owns 138 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. Finally, Torren Management LLC acquired a new stake in Sandisk during the 4th quarter worth $37,000.

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of recent research reports. UBS Group set a $1,700.00 price target on shares of Sandisk in a research note on Monday, May 4th. Mizuho boosted their price objective on shares of Sandisk from $1,625.00 to $1,825.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley restated an “overweight” rating and set a $1,100.00 price objective on shares of Sandisk in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Finally, KGI Securities started coverage on shares of Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,368.73.

Sandisk Stock Performance

Shares of Sandisk stock opened at $1,694.98 on Friday. The company has a market cap of $251.01 billion, a P/E ratio of 58.91 and a beta of 4.82. Sandisk Corporation has a one year low of $36.21 and a one year high of $1,708.83. The firm has a fifty day moving average of $1,073.33 and a two-hundred day moving average of $644.72.

Sandisk (NASDAQ:SNDK) last announced 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 company had revenue of $5.95 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Susquehanna raised its price target on Sandisk to $3,250 from $2,000 and reiterated a positive view, reinforcing the bullish case that the stock still has substantial upside. Article Title
• Positive Sentiment: Mizuho also lifted its target on SNDK and kept an outperform rating, adding to the broader analyst momentum behind the shares. Article Title
• Positive Sentiment: Investors are betting that Sandisk’s QLC Stargate product could become a new revenue growth driver, with shipments targeted for Q4 FY26 to meet AI data-center storage demand beyond traditional SSD products. Article Title
• Positive Sentiment: Market commentary continues to frame Sandisk as a prime beneficiary of the AI infrastructure boom, especially because agentic AI and other workloads require far more memory capacity, tightening supply and supporting pricing power. Article Title

Insiders Place Their Bets

In other news, Director Necip Sayiner sold 579 shares of the company’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 transaction, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

About Sandisk

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.