Greenland Capital Management LP Makes New Investment in Sandisk Corporation $SNDK

Greenland Capital Management LP bought a new stake in Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,699 shares of the data storage provider’s stock, valued at approximately $303,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in shares of Sandisk during the 3rd quarter valued at about $28,000. Covestor Ltd acquired a new stake in shares of Sandisk in the third quarter worth approximately $37,000. Cromwell Holdings LLC purchased a new stake in Sandisk in the third quarter valued at approximately $39,000. True Wealth Design LLC purchased a new stake in Sandisk in the third quarter valued at approximately $40,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Sandisk during the third quarter worth approximately $41,000.

Insiders Place Their Bets

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

SNDK has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 29th. Fox Advisors upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. started coverage on Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price target for the company. Finally, Sanford C. Bernstein raised their price objective on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $542.85.

Sandisk Stock Performance

Sandisk stock opened at $638.52 on Wednesday. The firm has a market capitalization of $94.25 billion and a PE ratio of -84.13. Sandisk Corporation has a one year low of $27.89 and a one year high of $725.00. The stock’s 50 day moving average price is $444.97 and its 200 day moving average price is $249.43. 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 (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Surging NAND prices are materially improving Sandisk’s pricing power and margins, reinforcing the thesis that memory tightness and AI/storage demand can sustain elevated profitability. Article Title
• Positive Sentiment: An analyst-derived price target lift (to ~$698) signals continued buy-side optimism and gives a valuation anchor above the trading level, supporting upside from further upgrades. Article Title
• Positive Sentiment: Rapid retail/ETF interest is amplifying flows into SNDK exposure — the new leveraged SNXX ETF gathered ~$650M in under a month, likely increasing short‑term liquidity and volatility (and providing additional demand for underlying shares). Article Title
• Positive Sentiment: Market commentaries highlight Sandisk’s central role in the AI storage supply squeeze — structural demand for NAND in data centers supports a multi‑quarter earnings tailwind. Article Title
• Neutral Sentiment: Valuation writeups note Sandisk’s sharp rally has bumped multiples; analysts are re‑examining fair value after the run — useful context but not an immediate catalyst. Article Title
• Neutral Sentiment: Options market and flow analyses show elevated retail/derivative activity — increases trading volume and gamma risk but ambiguous for direction. Article Title
• Negative Sentiment: Citron Research initiated a short/critical note arguing NAND is cyclical, Samsung dominates the market, and retail positioning is crowded — the short call sparked selling and increased downside risk if cycle turns. Article Title
• Negative Sentiment: Notable investor moves (e.g., reports that Stanley Druckenmiller exited SNDK) raise questions about near‑term positioning and can pressure the stock if large holders trim after the earnings‑driven run. Article Title

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.