5,825 Sandisk Corporation $SNDK Shares Sold by VestGen Advisors LLC

Key Points

• VestGen Advisors cut its Sandisk position by 79.4% in the third quarter, selling 5,825 shares and retaining 1,515 shares valued at approximately $2.64 million.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $2,093.73; several firms recently raised their targets, including Evercore to $3,100.
• Sandisk reported quarterly EPS of $49.51 and revenue of $11.03 billion, beating estimates, while approving a $14 billion buyback. However, executives sold shares under pre-arranged trading plans, and the stock was reported down 5.3%.

VestGen Advisors LLC cut its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 79.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,515 shares of the data storage provider's stock after selling 5,825 shares during the quarter. VestGen Advisors LLC's holdings in Sandisk were worth $2,636,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Atomic Invest LLC purchased a new stake in shares of Sandisk in the 2nd quarter worth about $25,000. Dunhill Financial LLC purchased a new stake in Sandisk in the 2nd quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Sandisk during the 2nd quarter valued at $32,000. Kilter Group LLC purchased a new position in Sandisk during the second quarter worth $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Sandisk during the second quarter worth $34,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on Sandisk in a research report on Friday, August 14th. They set an "overweight" rating and a $2,250.00 target price on the stock. Royal Bank Of Canada raised their price target on Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. Evercore reiterated an "outperform" rating and set a $3,100.00 price objective (up from $1,400.00) on shares of Sandisk in a report on Thursday, August 13th. Finally, Arete Research raised their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,093.73.

Insider Activity

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the sale, the executive vice president directly owned 44,134 shares of the company's stock, valued at $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the sale, the chief executive officer owned 382,865 shares of the company's stock, valued at $602,709,911.65. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,899 shares of company stock worth $121,159,122 in the last quarter. Insiders own 0.29% of the company's stock.

Sandisk Stock Down 5.3%

Shares of NASDAQ:SNDK opened at $1,330.05 on Friday. Sandisk Corporation has a fifty-two week low of $183.00 and a fifty-two week high of $2,354.39. The company has a market cap of $192.23 billion, a PE ratio of 18.24, a P/E/G ratio of 0.14 and a beta of 5.23. The firm has a 50-day simple moving average of $1,566.91 and a 200 day simple moving average of $1,247.03.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The data storage provider reported $49.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $46.19 by $3.32. The company had revenue of $11.03 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%. The company's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. As a group, research analysts forecast that Sandisk Corporation will post 210.92 EPS for the current fiscal year.

Sandisk declared that its board has approved a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $14 billion in outstanding shares. This buyback authorization authorizes the data storage provider to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk reported fiscal Q1 revenue of $11.03 billion and adjusted earnings of $49.51 per share, exceeding consensus estimates of approximately $10.7 billion in revenue and $46-$47 per share in earnings. Earnings increased sharply from $1.22 per share a year earlier. Sandisk Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI infrastructure demand drove strong growth: data-center revenue rose 61% sequentially to $4.80 billion, while Edge revenue increased 7% to $5.83 billion. Management projected fiscal Q2 revenue of $12.2 billion to $12.6 billion and non-GAAP diluted EPS of $55 to $57, signaling continued pricing power and demand for enterprise storage. Sandisk Data Center Revenue and Stock Split
• Positive Sentiment: The company announced an eight-for-one forward stock split effective November 19, 2026, which could improve share accessibility and liquidity. Sandisk also repurchased approximately $5 billion of stock during the quarter. Sandisk Reports Revenue, Net Income and Stock Split
• Neutral Sentiment: Long-term customer agreements totaling roughly $91.1 billion support visibility, but investors remain focused on whether Sandisk can sustain profitability through the typically cyclical NAND-memory market. Sandisk’s Surging Profits Face a Critical Test
• Negative Sentiment: Memory stocks came under pressure after weaker-than-expected Alphabet results and a sharp decline in Samsung Electronics shares revived concerns about technology spending and sector momentum. The pullback in peers such as Micron and SK Hynix weighed on Sandisk ahead of its results. Why Memory Stocks Fell
• Negative Sentiment: Despite the buybacks, diluted shares remained about 3% above the prior-year level. Separately, reported insider activity showed selling rather than purchases, potentially adding to investor caution after the stock’s substantial advance. Sandisk Revenue and Earnings Reaction

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.

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