Sandisk (NASDAQ:SNDK) Trading Down 4.5% – Time to Sell?

Sandisk Corporation (NASDAQ:SNDK) shares were down 4.5% during trading on Tuesday . The company traded as low as $213.50 and last traded at $215.29. Approximately 2,694,544 shares changed hands during trading, a decline of 53% from the average daily volume of 5,735,811 shares. The stock had previously closed at $225.47.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SNDK shares. Mizuho boosted their price target on Sandisk to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. The Goldman Sachs Group increased their price target on shares of Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company lifted their price objective on shares of Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Cantor Fitzgerald increased their price objective on shares of Sandisk from $240.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $213.33.

Sandisk Stock Performance

The firm’s 50 day moving average is $195.98 and its 200-day moving average is $103.52. The stock has a market capitalization of $35.41 billion and a price-to-earnings ratio of 755.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The business’s revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sandisk

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNDK. Allworth Financial LP purchased a new position in Sandisk during the third quarter valued at $275,000. IFP Advisors Inc purchased a new stake in shares of Sandisk during the third quarter worth about $112,000. Swiss Life Asset Management Ltd raised its position in shares of Sandisk by 27.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,090 shares of the data storage provider’s stock worth $683,000 after purchasing an additional 1,318 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in Sandisk in the 3rd quarter valued at about $241,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in Sandisk in the 3rd quarter worth about $2,466,000.

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.