Alamar Capital Management LLC Purchases New Shares in Sandisk Corporation $SNDK

Key Points

• Alamar Capital Management purchased 12,768 Sandisk shares worth approximately $29 million, making the stock its third-largest holding and representing 14.7% of its portfolio.
• Sandisk reported strong quarterly results, with EPS of $39.25 beating estimates and revenue rising 371.6% year over year to $8.96 billion. The company also authorized a $14 billion share-repurchase plan.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $1,999.27, but the stock faces significant volatility, insider selling, sector-wide pressure and concerns about the sustainability of elevated memory margins.

Alamar Capital Management LLC purchased a new position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,768 shares of the data storage provider's stock, valued at approximately $29,031,000. Sandisk accounts for 14.7% of Alamar Capital Management LLC's investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in Sandisk in the 1st quarter valued at about $25,000. Whittier Trust Co. purchased a new stake in shares of Sandisk during the fourth quarter worth approximately $26,000. Greenline Wealth Management LLC acquired a new stake in shares of Sandisk during the fourth quarter worth $26,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. purchased a new position in Sandisk in the 1st quarter valued at $29,000.

Insider Buying and Selling

In related news, EVP Alper Ilkbahar sold 2,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president owned 52,677 shares in the company, valued at $92,531,364.66. This represents a 3.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bernard Shek sold 600 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,162.16, for a total value of $697,296.00. Following the completion of the transaction, the insider directly owned 30,915 shares of the company's stock, valued at $35,928,176.40. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,800 shares of company stock valued at $6,504,856. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Sandisk from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Barclays upgraded shares of Sandisk from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. Citigroup cut their price target on shares of Sandisk from $2,500.00 to $2,100.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Sandisk in a research report on Friday, August 14th. They issued an "overweight" rating and a $2,250.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $1,999.27.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sandisk’s recent Investor Day highlighted significant long-term growth opportunities in AI storage, including high-bandwidth flash memory, a reported $93.9 billion customer backlog and ambitious profitability targets through fiscal 2028–2030. Management also emphasized returning excess cash to shareholders. Sandisk: Too Cheap To Ignore, Too Cyclical To Trust
• Positive Sentiment: JPMorgan initiated coverage with a Buy-equivalent recommendation and a $2,250 price target, citing Sandisk’s positioning in the AI memory market. This follows strong quarterly results, including earnings that exceeded expectations and revenue growth of roughly 372% year over year. SanDisk Gets New Buy Recommendation
• Positive Sentiment: Analysts and market commentators continue to argue that AI infrastructure demand could keep memory pricing and storage demand elevated, with some viewing Sandisk’s high-bandwidth flash products as a potential beneficiary of the shift toward agentic AI. Elon Musk on Memory and Storage Demand
• Neutral Sentiment: After gaining roughly 28% in the prior five sessions and nearly 550% year to date, SNDK is experiencing heightened volatility and profit-taking. Technical analysts are watching nearby support levels to determine whether the rebound can continue or the broader correction resumes. Sandisk Price Forecast
• Neutral Sentiment: Although the memory shortage may persist into 2027, investors remain divided over whether current margins are sustainable. Sandisk’s outlook depends heavily on continued pricing strength, data-center demand and successful execution of its new business model. Sandisk Stock and the Memory Shortage
• Negative Sentiment: A Wall Street Journal report intensified a broad selloff in memory-chip stocks as investors rotated out of AI hardware winners. Sandisk, Micron and Western Digital all came under pressure, indicating that sector-wide positioning is a major factor behind SNDK’s decline. WSJ Report Sends Memory Stocks Down
• Negative Sentiment: Rising Treasury yields are pressuring richly valued growth and semiconductor shares, making investors less willing to pay high multiples for stocks whose earnings are tied to a cyclical memory boom. Higher Rates Test the Memory Boom
• Negative Sentiment: Concerns that memory remains a boom-and-bust industry are resurfacing after SNDK’s parabolic run. Any normalization in NAND pricing or evidence of weaker demand could challenge expectations embedded in the stock’s elevated valuation. Sandisk: Every Bounce Looks Like a Trap

Sandisk Stock Down 9.0%

NASDAQ:SNDK opened at $1,625.78 on Wednesday. Sandisk Corporation has a fifty-two week low of $43.20 and a fifty-two week high of $2,354.39. The stock has a market cap of $240.76 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 0.16 and a beta of 5.21. The firm's fifty day simple moving average is $1,670.35 and its 200-day simple moving average is $1,203.01.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business's revenue for the quarter was up 371.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts anticipate that Sandisk Corporation will post 208.92 earnings per share for the current year.

Sandisk declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.

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