Sandisk (NASDAQ:SNDK) Stock Price Down 5.6% – Here’s What Happened

Shares of Sandisk Corporation (NASDAQ:SNDK) fell 5.6% during mid-day trading on Thursday . The stock traded as low as $559.10 and last traded at $565.59. 15,234,529 shares were traded during trading, a decline of 23% from the average session volume of 19,793,205 shares. The stock had previously closed at $599.06.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Zacks argues SNDK trades at a discounted P/E relative to peers and highlights accelerating AI-driven datacenter demand and SSD adoption as a structural growth driver — a valuation/buy case that supports upside. Sandisk Trades at 15.83x Discounted P/E: Time to Buy the Stock?
• Positive Sentiment: A Seeking Alpha upgrade lays out a bull case to $1,000 based on 2027 EPS forecasts and an earnings trajectory that would justify higher multiples — supports investor optimism around long-term upside. Sandisk: I See A Path To $1000 Based On 2027 EPS Forecasts (Rating Upgrade)
• Positive Sentiment: BNP commentary cited by Seeking Alpha sees memory pricing continuing to surge, which would lift revenue and margins across suppliers including Sandisk — macro tailwind for near-term results. Micron, Sandisk in spotlight as BNP sees memory pricing continuing to surge
• Neutral Sentiment: Sandisk presented at Morgan Stanley’s TMT conference; the transcript gives management’s latest positioning on product mix and datacenter demand — useful for investors but not an immediate price catalyst. Sandisk Corporation (SNDK) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Zacks includes SNDK on a short list of growth names to buy amid turbulence — supportive visibility but secondary to company-specific news. 5 Growth Stocks to Buy in March Despite Global Economic Turbulence
• Negative Sentiment: Citron Research published a bearish thesis and is reportedly betting against SNDK, warning that the rally could evaporate on a single weak earnings call — a catalyst that amplifies downside risk and likely contributed to today’s selling pressure. Citron Research Is Betting Against Sandisk Stock. Should You?
• Negative Sentiment: Geopolitical tensions and energy-cost volatility prompted a sector-wide selloff in memory names, with reports noting SNDK plunged alongside peers as risk-off flows hit the group — a short-term technical/headline-driven drag. Memory Chip Stocks Micron (MU) and SanDisk (SNDK) Plunge as Geopolitical Tensions Spike
• Neutral Sentiment: Coverage pieces (Yahoo/IBTimes) note volatile trading driven by AI memory demand headlines — underscores that momentum is news-sensitive and could reverse quickly as new data arrives. SanDisk Corporation Shares Surge in Volatile Trading Amid AI Memory Demand

Analyst Ratings Changes

A number of equities analysts recently weighed in on SNDK shares. UBS Group set a $1,000.00 price objective on Sandisk in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Sandisk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research note on Monday, December 8th. They set a “neutral” rating and a $235.00 price target on the stock. Wedbush boosted their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group upped their price objective on shares of Sandisk from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued 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.

Sandisk Stock Down 5.6%

The stock has a market cap of $83.48 billion and a P/E ratio of -74.52. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $491.04 and a two-hundred day simple moving average of $271.99.

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

Insider Activity at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of the company’s 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 transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $1,970,388,000. State Street Corp raised its holdings in shares of Sandisk by 20.7% during the fourth quarter. State Street Corp now owns 5,281,522 shares of the data storage provider’s stock valued at $1,253,728,000 after acquiring an additional 904,933 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sandisk by 44.9% in the fourth quarter. Geode Capital Management LLC now owns 3,655,860 shares of the data storage provider’s stock worth $866,310,000 after acquiring an additional 1,133,276 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Sandisk by 31.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock worth $825,608,000 after acquiring an additional 828,332 shares during the period. Finally, Morgan Stanley boosted its holdings in Sandisk by 7.2% in the fourth quarter. Morgan Stanley now owns 2,970,361 shares of the data storage provider’s stock valued at $705,105,000 after acquiring an additional 199,545 shares in the last quarter.

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.