Sandisk (NASDAQ:SNDK) Insider Bernard Shek Sells 600 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider owned 30,915 shares of the company’s stock, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00.
• On Wednesday, June 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,736.00, for a total value of $1,041,600.00.

Sandisk Trading Up 10.8%

Shares of NASDAQ SNDK opened at $1,427.62 on Wednesday. The business has a 50-day moving average of $1,722.09 and a 200-day moving average of $1,135.35. The firm has a market capitalization of $211.42 billion, a price-to-earnings ratio of 49.62 and a beta of 5.20. Sandisk Corporation has a 12 month low of $40.53 and a 12 month high of $2,354.39.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI memory standardization strengthens Sandisk’s growth opportunity. Sandisk and SK hynix released the first Open Compute Project technical specification for High Bandwidth Flash (HBF), with Google involved in the broader effort. The standard is intended to support AI inference and could help create a new market for Sandisk’s flash-storage technology. Sandisk and SK hynix Advance Global Standardization of High Bandwidth Flash
• Positive Sentiment: New QLC technology targets AI and data-intensive workloads. Sandisk and Kioxia unveiled 10th-generation QLC 3D flash memory with industry-leading bit density. The technology could improve storage capacity and economics for cloud platforms, AI infrastructure and other high-volume applications. New 3D Flash Memory Technology from Kioxia and Sandisk
• Positive Sentiment: Investors are positioning ahead of earnings. Sandisk is scheduled to report fiscal fourth-quarter results after Wednesday’s close. Analysts expect AI data-center demand, enterprise SSD sales, firmer NAND pricing and adoption of TLC and QLC products to support revenue and margins. Some bullish previews project a revenue beat and non-GAAP earnings of roughly $36 per share. Can Strong Data Center and Edge Boost SNDK’s Top Line in Q4 Earnings?
• Positive Sentiment: Recent analyst commentary has turned more constructive. Several previews argue that the prior selloff reflected sector-wide forced selling and macro concerns rather than company-specific deterioration. Analysts cite multi-year contracts, enterprise SSD demand and the potential Stargate data-center ramp as reasons for a possible rebound. Sandisk Q4 Preview From A Bear
• Neutral Sentiment: Earnings remain the immediate test. Investors will watch shipment growth versus pricing, enterprise and data-center demand, customer commitments, contract coverage for fiscal 2027 and first-quarter margin guidance. The options market implies substantial post-earnings volatility. Sandisk and Western Digital Earnings Preview
• Negative Sentiment: Key risks include NAND oversupply and sustainability of margins. A bearish view notes that prior gains were driven more by average selling prices than shipment growth. Rising Chinese production, potential YMTC pricing pressure and variable pricing in Sandisk’s long-term contracts could limit future upside. Sandisk Q4 Earnings Preview

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in Sandisk by 20.7% during the 4th quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock worth $1,253,728,000 after acquiring an additional 904,933 shares during the last quarter. Geode Capital Management LLC lifted its position in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock valued at $866,310,000 after purchasing an additional 1,133,276 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after purchasing an additional 828,332 shares during the last quarter. Morgan Stanley grew its holdings in shares of Sandisk by 7.2% in the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock worth $705,105,000 after purchasing an additional 199,545 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sandisk in the fourth quarter worth $518,889,000.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several research reports. Evercore set a $3,100.00 price objective on shares of Sandisk in a research report on Monday, July 13th. Wells Fargo & Company increased their target price on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Susquehanna lowered their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a research report on Thursday, July 23rd. Citigroup upped their price objective on Sandisk from $2,025.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein increased their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,811.38.

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.