Bernard Shek Sells 600 Shares of Sandisk (NASDAQ:SNDK) Stock

Sandisk Corporation (NASDAQ:SNDK) insider Bernard Shek sold 600 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares in the company, valued at approximately $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.
• On Wednesday, June 3rd, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $1,736.00, for a total transaction of $1,041,600.00.

Sandisk Price Performance

NASDAQ SNDK opened at $1,350.50 on Thursday. Sandisk Corporation has a 12 month low of $40.53 and a 12 month high of $2,354.39. The company has a market capitalization of $200.00 billion, a price-to-earnings ratio of 46.94 and a beta of 5.20. The company’s fifty day moving average price is $1,717.30 and its two-hundred day moving average price is $1,141.98.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, topping the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk’s revenue was up 371.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts anticipate that Sandisk Corporation will post 64.52 EPS for the current year.

Sandisk declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong fiscal Q4 results. Sandisk reported adjusted earnings of $39.25 per share, well above the $33.28–$34.24 consensus range, while revenue reached approximately $8.97 billion, up 371.6% year over year. Net income was about $6.9 billion, supported by stronger NAND pricing, higher volumes and margin expansion. Sandisk Corporation Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: AI data-center demand remains a major growth driver. Sandisk said demand for memory and storage used in AI infrastructure is strengthening. Data-center revenue reportedly surged during fiscal 2026, while new customer agreements and enterprise SSD demand support the company’s longer-term growth outlook. Sandisk Forecasts Upbeat Quarterly Revenue on AI-Driven Demand
• Positive Sentiment: Capital returns were increased. Sandisk expanded its share-repurchase authorization by $14 billion, potentially providing support for the stock and signaling management’s confidence in future cash generation. Sandisk Stock Slides Despite Revenue Surge and Buyback
• Neutral Sentiment: Q1 fiscal 2027 guidance was mixed. Sandisk forecast earnings of $44–$46 per share, above the approximately $41.45 consensus estimate. Revenue guidance of $10.3–$10.8 billion brackets the roughly $10.4 billion consensus, with the midpoint implying continued growth but the low end falling short of expectations. Sandisk Slips as Mixed Guidance Overshadows Strong Q4 Results
• Negative Sentiment: Investors may be questioning whether the growth and margin surge can last. Concerns include NAND pricing volatility, potential oversupply, competition from Chinese producers and the possibility that elevated expectations were not fully reflected in the revenue outlook. These concerns outweighed the strong quarterly beat in the immediate market reaction. Sandisk This Insane Growth May Not Be Good Enough

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in Sandisk in the first quarter valued at $25,000. Whittier Trust Co. bought a new position in shares of Sandisk during the fourth quarter worth about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the fourth quarter worth about $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk in the 4th quarter worth about $27,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Sandisk in the 1st quarter worth about $29,000.

Analyst Ratings Changes

Several analysts recently weighed in on SNDK shares. Sanford C. Bernstein boosted their price objective on Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Evercore set a $3,100.00 target price on Sandisk in a report on Monday, July 13th. Wells Fargo & Company boosted their price target on Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald boosted their price target on Sandisk from $1,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Finally, Wedbush upped their price target on Sandisk from $1,200.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.38.

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.