Purpose Unlimited Inc. Purchases New Shares in Sandisk Corporation $SNDK

Purpose Unlimited Inc. purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the data storage provider’s stock, valued at approximately $237,000.

A number of other institutional investors have also added to or reduced their stakes in SNDK. Whittier Trust Co. bought a new position in shares of Sandisk during the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC purchased a new stake in shares of Sandisk during the fourth quarter valued at approximately $27,000. Finally, Westfuller Advisors LLC lifted its holdings in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 43 shares during the period.

Insider Transactions at Sandisk

In other Sandisk 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 sale, the insider directly owned 32,232 shares of the company’s stock, valued at $55,954,752. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,625 shares of company stock valued at $8,913,497. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNDK has been the topic of several research analyst reports. Weiss Ratings cut Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Evercore reissued an “outperform” rating and issued a $1,400.00 price target on shares of Sandisk in a report on Friday, May 1st. Wedbush increased their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $1,400.00 price objective on shares of Sandisk in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and a consensus target price of $1,580.67.

Sandisk Price Performance

NASDAQ:SNDK opened at $2,184.75 on Monday. The business has a fifty day simple moving average of $1,424.27 and a two-hundred day simple moving average of $818.73. Sandisk Corporation has a 1 year low of $40.10 and a 1 year high of $2,191.69. The company has a market capitalization of $323.54 billion, a P/E ratio of 75.94 and a beta of 4.88.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results 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 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 firm’s quarterly revenue was up 251.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
• Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
• Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
• Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
• Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
• Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets

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.