Sandisk (NASDAQ:SNDK) EVP Alper Ilkbahar Sells 4,712 Shares of Stock

Sandisk Corporation (NASDAQ:SNDK) EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at approximately $67,991,957.72. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alper Ilkbahar also recently made the following trade(s):

• On Thursday, September 3rd, Alper Ilkbahar sold 400 shares of Sandisk stock. The shares were sold at an average price of $1,563.89, for a total value of $625,556.00.

Sandisk Stock Performance

NASDAQ:SNDK traded down $2.01 during trading hours on Tuesday, hitting $1,737.99. The stock had a trading volume of 11,124,220 shares, compared to its average volume of 12,744,502. The business’s 50 day moving average is $1,526.40 and its 200-day moving average is $1,305.86. The company has a market cap of $254.48 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a one year low of $69.57 and a one year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts’ consensus estimates of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company had revenue of $8.96 billion for the quarter. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts anticipate that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a share repurchase plan on Wednesday, August 5th that allows the company to repurchase $14.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

SNDK has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $2,200.00 price target on shares of Sandisk in a research report on Thursday, August 13th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Barclays upgraded Sandisk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Citigroup lowered their price target on Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Sandisk in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sandisk has an average rating of “Buy” and a consensus target price of $1,998.14.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Institutional Investors Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently made changes to their positions in SNDK. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter valued at about $25,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new stake in shares of Sandisk during the 1st quarter worth approximately $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $30,000.

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.