Jefferies Financial Group Inc. Sells 15,101 Shares of Sandisk Corporation $SNDK

Jefferies Financial Group Inc. lessened its holdings in shares of Sandisk Corporation (NASDAQ:SNDK) by 41.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,499 shares of the data storage provider’s stock after selling 15,101 shares during the period. Jefferies Financial Group Inc.’s holdings in Sandisk were worth $5,103,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the period. Composition Wealth LLC lifted its stake in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after acquiring an additional 41 shares during the period. Westfuller Advisors LLC lifted its stake in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after acquiring an additional 43 shares during the period. IFP Advisors Inc lifted its stake in shares of Sandisk by 4.8% during the fourth quarter. IFP Advisors Inc now owns 1,042 shares of the data storage provider’s stock valued at $247,000 after acquiring an additional 48 shares during the period. Finally, Everhart Financial Group Inc. lifted its stake in shares of Sandisk by 3.4% during the fourth quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after acquiring an additional 67 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SNDK. Raymond James Financial reaffirmed an “outperform” rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on Sandisk from $975.00 to $1,250.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and issued a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Wedbush increased their target price on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $1,157.14.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 579 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael Pokorny sold 2,446 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer directly owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,525 shares of company stock worth $6,555,092 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,478.69 on Tuesday. The company has a market cap of $218.98 billion, a PE ratio of 51.40 and a beta of 4.82. Sandisk Corporation has a 52-week low of $35.79 and a 52-week high of $1,600.00. The stock has a 50-day simple moving average of $999.79 and a 200 day simple moving average of $608.04.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. The business had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts predict that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

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.