Sandisk (NASDAQ:SNDK) Stock Price Down 2.5% Following Insider Selling

Sandisk Corporation (NASDAQ:SNDK) shares fell 2.5% on Friday after an insider sold shares in the company. The stock traded as low as $621.27 and last traded at $635.36. 18,101,055 shares traded hands during trading, a decline of 10% from the average session volume of 20,067,291 shares. The stock had previously closed at $651.90.

Specifically, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the sale, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNDK. Sanford C. Bernstein increased their price target on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Cantor Fitzgerald increased their price objective on shares of Sandisk from $550.00 to $800.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Benchmark boosted their target price on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, Jefferies Financial Group upped their price target on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sandisk presently has an average rating of “Moderate Buy” and a consensus price target of $542.85.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Partnership with SK hynix to set a global standard for high‑bandwidth flash for AI inference — could strengthen product differentiation and customer adoption in AI data centers. Sandisk partners with SK hynix
• Positive Sentiment: Analyst says an “unprecedented” NAND cycle is unfolding — implies tightened supply and favorable pricing that could sustain revenue and margin upside for SanDisk. Analyst sees unprecedented NAND cycle
• Positive Sentiment: Coverage highlighting AI‑driven storage demand and outperformance — reinforces the narrative that SanDisk is a primary beneficiary of AI infrastructure spending. SanDisk Outperforms on AI-Driven Storage Demand
• Neutral Sentiment: Debate over valuation and whether it’s too late to buy after a massive YTD rally — many commentators note fundamentals are strong but warn much of the bull case may already be priced in. Is It Too Late To Consider Sandisk
• Neutral Sentiment: Comparisons vs. peers (e.g., Micron) highlight tradeoffs — SanDisk’s pure‑play NAND exposure and hyperscaler traction are strengths, but peer dynamics matter for relative upside. SanDisk vs. Micron: Which AI Memory Stock Offers More Upside?
• Negative Sentiment: Insider sale: Director Miyuki Suzuki sold 3,500 shares (~26% reduction in her holding) — a near‑term negative signal that can weigh on sentiment even if sales are for personal reasons. Insider sale filing
• Negative Sentiment: High‑profile short report (Citron) labelled SanDisk as more of a commodity player, prompting a volatile pullback — shows elevated headline risk and the potential for short‑term squeezes/whipsaw. Citron short report coverage

Sandisk Trading Down 2.5%

The firm has a fifty day moving average of $462.13 and a 200 day moving average of $254.88. The firm has a market capitalization of $93.78 billion and a PE ratio of -83.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Hedge Funds Weigh In On Sandisk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDK. Blair William & Co. IL grew its stake in Sandisk by 0.3% during the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock valued at $1,255,000 after purchasing an additional 17 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Sandisk by 20.2% in the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 37 shares during the last quarter. Composition Wealth LLC boosted its holdings in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares during the period. Westfuller Advisors LLC boosted its stake in Sandisk by 51.8% during the 4th 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 during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Sandisk by 4.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider’s stock worth $261,000 after buying an additional 46 shares during the period.

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.