Jackson Thornton Wealth Management LLC Sells 1,089 Shares of Sandisk Corporation $SNDK

Jackson Thornton Wealth Management LLC cut its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 61.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 691 shares of the data storage provider’s stock after selling 1,089 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Sandisk were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Whittier Trust Co. bought a new stake in Sandisk during the 4th quarter valued at $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter worth $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk in the fourth quarter valued at $27,000. Westfuller Advisors LLC grew its position in shares of Sandisk by 51.8% in the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of Sandisk during the 3rd quarter valued at $30,000.

Analysts Set New Price Targets

Several research analysts have commented on SNDK shares. Weiss Ratings upgraded Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research downgraded shares of Sandisk from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research note on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Sandisk currently has an average rating of “Moderate Buy” and an average target price of $1,684.24.

Sandisk Trading Down 7.3%

Shares of SNDK opened at $1,617.70 on Wednesday. The company has a market cap of $239.57 billion, a PE ratio of 56.23 and a beta of 4.74. The stock has a 50-day moving average price of $1,679.01 and a 200-day moving average price of $968.04. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm’s revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts predict that Sandisk Corporation will post 64.01 earnings per share for the current year.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00. Following the sale, the insider owned 31,515 shares in the company, valued at approximately $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction on Friday, May 8th. The stock was 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 $4,359,019. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,225 shares of company stock worth $10,166,297 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Several articles still frame SanDisk as a high-momentum name, supported by surging AI-driven demand for NAND flash, strong recent earnings, and analyst optimism that the company can keep gaining in the second half of 2026.
• Positive Sentiment: Analysts remain bullish overall, with reports highlighting higher price targets and expectations for another very strong quarter, suggesting the long-term growth story is still intact. SanDisk Stock (SNDK) Rises as Goldman Lifts Price Target by Over 83%; Expects a ‘Very Strong Quarter’
• Positive Sentiment: Recent commentary notes that SanDisk has benefited from a structural memory shortage and improving margins, with some pieces arguing the pullback could be a reset rather than the end of the rally. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (SNDK)
• Neutral Sentiment: Articles also highlighted how sharply the stock had already run this year, which may be prompting some investors to lock in gains after a massive multi-month move. Sandisk Stock Is Up Nearly 635% in 2026. Can It Still Go Higher?
• Negative Sentiment: The biggest near-term pressure is a memory-sector rout sparked by Samsung’s strong results, which some traders interpreted as a sign that supply is improving and pricing power could moderate. SanDisk stock drops as Samsung-led chip selloff hits memory sector
• Negative Sentiment: Several pieces warn that SanDisk’s huge recent gains may be vulnerable to a deeper correction if investors continue rotating out of high-flying memory names after the recent run-up.

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.