WBI Investments LLC Buys New Shares in Sandisk Corporation $SNDK

WBI Investments LLC bought a new position in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,994 shares of the data storage provider’s stock, valued at approximately $448,000.

A number of other large investors have also recently added to or reduced their stakes in SNDK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sandisk in the 3rd quarter valued at about $27,000. CVA Family Office LLC acquired a new stake in Sandisk in the 3rd quarter valued at about $28,000. Parallel Advisors LLC bought a new position in Sandisk during the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. bought a new position in Sandisk during the third quarter worth about $32,000. Finally, Covestor Ltd acquired a new position in Sandisk during the third quarter worth approximately $37,000.

Insider Buying and Selling at Sandisk

In other news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction on Wednesday, February 25th. The stock was 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 owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Sandisk Trading Up 4.7%

Shares of NASDAQ:SNDK opened at $753.69 on Thursday. Sandisk Corporation has a 12-month low of $27.89 and a 12-month high of $761.52. The business has a 50 day moving average of $565.08 and a 200-day moving average of $313.59. 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 stock has a market cap of $111.24 billion and a PE ratio of -99.30.

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

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: KGI Securities initiated coverage with an “Outperform” and a $992 price target, signaling substantial upside vs. recent levels and giving the rally institutional credibility. KGI Coverage
• Positive Sentiment: Company hit a record closing high after investors priced in strong AI-related storage demand and upbeat guidance — momentum that supports further multiple expansion if fundamentals hold. Record High Drivers
• Positive Sentiment: Analyst/industry writeups highlight a durable, AI-driven boost to NAND demand, rising gross margins (management guiding materially higher) and multi-year customer contracts that improve revenue visibility. This underpins bullish earnings forecasts. Seeking Alpha AI Thesis
• Positive Sentiment: Reports show substantial institutional inflows and “big money” buys over the past year, reflecting growing allocation to SNDK among large investors and supporting liquidity for the move higher. Institutional Inflows
• Neutral Sentiment: Explainer pieces and retrospectives outline the rapid multi-quarter ascent from low levels into the $700s; useful context for investors sizing position but not new fundamental news. Explainer: Stock Explosion
• Neutral Sentiment: Coverage in broader “best performers” rundowns and market commentary highlights SNDK’s relative strength this year; helpful for sentiment tracking but not a direct catalyst. S&P Top Performers
• Negative Sentiment: After the record close, SNDK pulled back in pre-market trading (~5% lower in one report), suggesting short-term profit-taking and higher volatility following the sharp run. Pre-Market Dip
• Negative Sentiment: Data shows recent insider selling and some large institutional reductions (e.g., big trims by a major asset manager), which may weigh on near-term sentiment even as other funds add exposure. Insider & Institutional Activity

Analyst Ratings Changes

Several analysts have issued reports on SNDK shares. Cantor Fitzgerald upped their price objective on Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. initiated coverage on Sandisk in a report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price on the stock. Benchmark increased their price target on Sandisk from $260.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. KGI Securities initiated coverage on Sandisk in a report on Wednesday. They set an “outperform” rating and a $992.00 price target for the company. Finally, Wedbush lifted their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $564.24.

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