Insider Selling: Sandisk (NASDAQ:SNDK) CFO Sells $1,568,830.00 in Stock

Sandisk Corporation (NASDAQ:SNDK) CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares in the company, valued at $205,479,078.08. This trade represents a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sandisk Price Performance

SNDK stock opened at $1,791.82 on Friday. The company’s 50 day simple moving average is $1,500.67 and its 200-day simple moving average is $1,356.90. The firm has a market capitalization of $262.36 billion, a PE ratio of 24.58, a P/E/G ratio of 0.16 and a beta of 5.17. Sandisk Corporation has a 12 month low of $93.54 and a 12 month high of $2,354.39.

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

Sandisk declared that its board has authorized a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Sandisk

A number of hedge funds have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. acquired a new position in shares of Sandisk during the 1st quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the first quarter worth approximately $29,000. Dunhill Financial LLC acquired a new stake in shares of Sandisk in the second quarter worth approximately $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Sandisk in the second quarter valued at approximately $32,000. Finally, Kilter Group LLC purchased a new stake in Sandisk in the second quarter valued at approximately $32,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk’s planned addition to the S&P 100 is providing a potential demand catalyst, as index-tracking funds may need to purchase the stock and the inclusion could increase institutional visibility. Why is SanDisk stock gaining 8% today?
• Positive Sentiment: The rally also reflects powerful operating momentum. SanDisk recently reported quarterly earnings of $39.25 per share versus the $33.28 consensus estimate, while revenue surged 371.6% year over year to approximately $8.97 billion. Management guided to first-quarter fiscal 2027 EPS of $44 to $46. SanDisk Stock Surges on Explosive Q4 Earnings and Massive Buyback
• Positive Sentiment: A newly authorized $14 billion share-repurchase program, representing as much as 6.6% of shares outstanding, is reinforcing the bullish outlook by potentially supporting earnings per share and signaling management’s confidence in the stock’s value. SanDisk Unveiled a $14 Billion Buyback
• Positive Sentiment: Investors continue to favor SanDisk as an AI-storage beneficiary. Data-center demand, tight memory supply, and expectations for sustained NAND pricing are supporting optimism about future margins and earnings. The Memory Shortage Is Not Over
• Neutral Sentiment: SanDisk is outperforming other storage and memory stocks as investor interest concentrates on its AI exposure, although part of the move reflects a broader rebound in semiconductor sentiment and improved technology-market conditions. SanDisk Jumps as Storage Bid Concentrates in One Name
• Negative Sentiment: China’s ChangXin Memory Technologies is preparing to enter the NAND market, creating a longer-term competitive threat that could pressure pricing, market share, and margins for SanDisk and other memory suppliers. CXMT Enters the NAND Memory Market
• Negative Sentiment: CEO David Goeckeler and CFO Luis Felipe Visoso recently sold shares under pre-arranged Rule 10b5-1 plans. The sales are not necessarily bearish, but they may add caution after the stock’s substantial advance and could encourage profit-taking.

Analysts Set New Price Targets

SNDK has been the topic of a number of analyst reports. Zacks Research lowered Sandisk from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Sandisk in a research note on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a report on Friday, August 14th. They issued an “overweight” rating and a $2,250.00 target price on the stock. Morgan Stanley raised their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Citigroup lowered their price target on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,998.14.

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.