Picton Mahoney Asset Management Purchases Shares of 63,004 Sandisk Corporation $SNDK

Picton Mahoney Asset Management purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,004 shares of the data storage provider’s stock, valued at approximately $7,068,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the 3rd quarter worth about $27,000. CVA Family Office LLC acquired a new position in Sandisk in the third quarter valued at approximately $28,000. Covestor Ltd purchased a new position in Sandisk in the third quarter valued at approximately $37,000. Cromwell Holdings LLC acquired a new stake in Sandisk during the third quarter worth approximately $39,000. Finally, True Wealth Design LLC acquired a new stake in Sandisk during the third quarter worth approximately $40,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Benchmark upped their price objective on shares of Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Barclays lifted their target price on Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price for the company in a report on Friday, January 30th. Finally, Wells Fargo & Company upped their target price on Sandisk from $230.00 to $380.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sandisk has an average rating of “Moderate Buy” and an average price target of $542.85.

Insider Buying and Selling at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: BNP Paribas says memory pricing continues to surge — a renewed expectation of firm NAND prices supports Sandisk’s revenue and margin outlook from tight supply/demand dynamics. Micron, Sandisk in spotlight as BNP sees memory pricing continuing to surge
• Positive Sentiment: An analyst upgrade argues SNDK could reach $1,000 by 2027 based on EPS revisions — this type of bullish research can drive momentum buying and lift analyst-driven price targets. Sandisk: I See A Path To $1000 Based On 2027 EPS Forecasts (Rating Upgrade)
• Positive Sentiment: Inclusion on Zacks’ list of 5 growth stocks to buy highlights continued bullish earnings expectations and institutional interest that can support further upside. 5 Growth Stocks to Buy in March Despite Global Economic Turbulence
• Positive Sentiment: Zacks technical note points to a “high tight flag” consolidation — a bullish chart pattern that may attract momentum traders if confirmed. Taser 2.0? Sandisk Builds Back-to-Back High Tight Flags
• Positive Sentiment: Morningstar/Fool-style coverage notes SNDK’s strong February performance driven by NAND tightness — supports the narrative of durable near-term revenue gains. Why Sandisk Stock Gained 10% in February
• Neutral Sentiment: SNDK presented at Morgan Stanley TMT conference — management commentary and guidance in the transcript will be important for confirming demand trends but contains no new headline guidance yet. Sandisk Corporation (SNDK) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Macro pieces asking if the rally can continue offer balanced views — useful for assessing risk/reward but not new company-specific catalysts. SanDisk Stock Forecast: Can the Rally Continue Into 2026?
• Negative Sentiment: Citron Research warns the “hype could vanish in a single earnings call,” flagging cyclical NAND exposure and the risk of a sharp re-rating if guidance disappoints. Sandisk Stock Hype Could ‘Vanish in a Single Earnings Call’ According to Citron Research. Is It Time to Ditch SNDK Here?
• Negative Sentiment: Geopolitical tensions and a broader risk-off in chip stocks pushed SNDK lower in recent sessions as oil/energy moves and Korea selloffs weigh on sentiment. Memory Chip Stocks Micron (MU) and SanDisk (SNDK) Plunge as Geopolitical Tensions Spike
• Negative Sentiment: Analysis points to risk-off selling, short-seller campaigns and secondary-share activity (former-parent selling) creating overhang and downside risk despite strong fundamentals. SanDisk slides as chip stocks fall with global risk-off sentiment, lingering memory-cycle worries

Sandisk Stock Performance

NASDAQ SNDK opened at $599.06 on Thursday. The firm has a market cap of $88.42 billion and a P/E ratio of -78.93. Sandisk Corporation has a 52-week low of $27.89 and a 52-week high of $725.00. The business’s 50-day moving average price is $491.04 and its 200 day moving average price is $271.99. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

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

Sandisk 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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.