536 Shares in Sandisk Corporation $SNDK Purchased by Clark Asset Management LLC

Key Points

• Clark Asset Management LLC disclosed a new position in SanDisk during the first quarter, buying 536 shares worth about $341,000 in its latest SEC filing.
• SanDisk has benefited from broader bullish sentiment tied to AI-driven memory demand and tight supply, with commentary suggesting pricing power and data-center growth could support further upside.
• The stock has had a massive run-up, but some market notes warn it may be overextended; insiders also sold shares recently, even as analysts remain broadly constructive with a Moderate Buy consensus.

Clark Asset Management LLC bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 536 shares of the data storage provider's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blair William & Co. IL lifted its holdings in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider's stock worth $1,255,000 after buying an additional 17 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Sandisk by 20.2% in the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider's stock worth $52,000 after acquiring an additional 37 shares during the last quarter. Composition Wealth LLC grew its stake in shares of Sandisk by 0.4% in the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider's stock worth $2,445,000 after acquiring an additional 41 shares during the last quarter. Westfuller Advisors LLC increased its position in Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after acquiring an additional 43 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Sandisk by 4.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,099 shares of the data storage provider's stock valued at $261,000 after purchasing an additional 46 shares during the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Apple CEO Tim Cook’s comments about a severe memory shortage and unavoidable price hikes have strengthened the bullish case for memory-chip makers, reinforcing pricing power for SanDisk and helping lift the stock. Why Is SanDisk Stock Surging On Thursday?
• Positive Sentiment: New coverage said SanDisk may have more upside than Micron because AI-driven memory demand, strong pricing power, and rising data-center sales are still fueling growth momentum. Micron Gets the Headlines, But Sandisk Could Offer More Upside
• Positive Sentiment: Analysts continue to highlight SanDisk’s AI opportunity, with fresh commentary pointing to stronger earnings potential, estimate revisions, and long-term demand tied to AI infrastructure. Wall Street Sees More Upside for SanDisk Corporation (SNDK)’s AI Opportunity
• Neutral Sentiment: Articles focusing on SanDisk’s open-source SPRandom technology and faster SSD qualification suggest the company is trying to remove data-center bottlenecks, which could support adoption but is more of a long-term operational improvement than an immediate catalyst. How SanDisk (SNDK) Is Tackling AI Storage Bottlenecks With Faster SSD Qualification
• Negative Sentiment: Despite the rally, one market note warned that SanDisk may be overextended, with a price target implying downside after its extraordinary year-to-date gain, which could encourage profit-taking. Up 700% YTD, How High Can SanDisk Rally?
• Negative Sentiment: Commentary about an RSI near record levels and broader AI bubble fears suggests some traders are becoming wary that SanDisk’s valuation has run too far too fast. SanDisk RSI Hits Record 99, Fueling AI Bubble Fears Across Markets

Sandisk Price Performance

Shares of Sandisk stock opened at $2,184.75 on Monday. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,191.69. The stock has a market capitalization of $323.54 billion, a P/E ratio of 75.94 and a beta of 4.88. The company has a 50-day simple moving average of $1,424.27 and a 200 day simple moving average of $818.73.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. Sandisk's quarterly revenue was up 251.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 64.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Michael Pokorny sold 2,446 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction 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 $31,910,777.50. This trade represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company's stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,625 shares of company stock valued at $8,913,497 over the last quarter. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays raised shares of Sandisk from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. UBS Group set a $1,700.00 price objective on shares of Sandisk in a research report on Monday, May 4th. Wells Fargo & Company increased their target price on shares of Sandisk from $975.00 to $1,250.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Cantor Fitzgerald lifted their target price on Sandisk from $1,800.00 to $2,900.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Finally, Mizuho boosted their price target on Sandisk from $1,825.00 to $2,200.00 and gave the company an "outperform" rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,580.67.

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.

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