917 Shares in Sandisk Corporation $SNDK Bought by Jessup Wealth Management Inc

Jessup Wealth Management Inc acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 917 shares of the data storage provider’s stock, valued at approximately $218,000.

A number of other large investors have also recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new stake in Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp bought a new stake in Sandisk during the third quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new stake in Sandisk during the third quarter valued at about $297,293,000. Norges Bank bought a new stake in Sandisk during the fourth quarter valued at about $518,889,000. Finally, Bank of America Corp DE bought a new stake in Sandisk during the third quarter valued at about $190,425,000.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the completion of the transaction, the insider owned 32,232 shares of the company’s stock, valued at approximately $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,625 shares of company stock worth $8,913,497 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Performance

Shares of SNDK opened at $1,643.23 on Thursday. The company has a 50-day simple moving average of $1,237.43 and a 200-day simple moving average of $728.74. The firm has a market capitalization of $243.35 billion, a P/E ratio of 57.12 and a beta of 4.87. Sandisk Corporation has a 52 week low of $39.44 and a 52 week high of $1,861.00.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. The business 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% on a year-over-year basis. During the same period in the prior 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 forecast that Sandisk Corporation will post 64.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SNDK. Cantor Fitzgerald upped their price target on shares of Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday. Barclays upgraded shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wells Fargo & Company upped their price target on shares of Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group set a $1,700.00 price target on shares of Sandisk in a report on Monday, May 4th. Finally, Wedbush upped their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Three equities research 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 company’s stock. According to MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and an average price target of $1,580.67.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk shares climbed as analysts grew more optimistic about its position in the fast-growing NAND memory market, with fresh commentary saying the stock is outperforming a weak broader market. Why is SanDisk stock rising today?
• Positive Sentiment: Investor interest was also lifted by Wall Street price-target hikes from major firms, including Cantor and Bank of America, reinforcing expectations that the AI-driven NAND cycle could support further upside. Why Is SanDisk Stock Gaining Tuesday?
• Positive Sentiment: Zacks highlighted SanDisk’s new business model initiatives, saying they have secured $42 billion in revenue commitments and could reduce dependence on volatile NAND pricing. Can SNDK’s New Business Models Reduce Dependence on NAND Volatility?
• Neutral Sentiment: Coverage from a Mizuho Technology Conference transcript and other market commentary kept SanDisk in the spotlight, but these items were mostly informational rather than a direct catalyst. Sandisk Corporation (SNDK) Presents at Mizuho Technology Conference 2026 Transcript
• Negative Sentiment: Bearish commentary argued SanDisk looks fully valued after its sharp 2026 rally, suggesting the stock may be vulnerable if investors stop chasing momentum. Up 500% in 2026: 1 Deeply Concerning Reason to Stand Pat on SanDisk Stock Despite the June Rebound
• Negative Sentiment: Seeking Alpha also issued a downgrade, reinforcing concerns that the market may have already priced in much of the NAND supercycle recovery. Sandisk: The Cycle Is Early, The Re-Rate Is Not (Rating Downgrade)

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.