Rep. Gilbert Ray Cisneros, Jr. Buys Sandisk Corporation (NASDAQ:SNDK) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on January 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Sandisk Trading Up 4.6%

Shares of NASDAQ:SNDK traded up $28.88 during mid-day trading on Friday, reaching $649.97. 16,989,714 shares of the company’s stock were exchanged, compared to its average volume of 21,472,560. 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 Corporation has a twelve month low of $27.89 and a twelve month high of $725.00. The firm has a market capitalization of $95.94 billion and a price-to-earnings ratio of -85.64. The business’s fifty day moving average price is $427.09 and its 200-day moving average price is $239.43.

Sandisk (NASDAQ:SNDK) last announced its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.67 billion. Sandisk’s quarterly revenue was up 61.2% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SNDK shares. China Renaissance began coverage on shares of Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of Sandisk from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Morgan Stanley set a $690.00 target price on Sandisk in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $542.85.

Institutional Trading of Sandisk

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. purchased a new stake in Sandisk in the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sandisk during the third quarter valued at approximately $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth $27,000. Finally, CVA Family Office LLC bought a new stake in Sandisk during the third quarter worth $28,000.

Insider Transactions at Sandisk

In other news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This trade represents a 26.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.