Bleakley Financial Group LLC Purchases New Holdings in Sandisk Corporation $SNDK

Key Points

• Bleakley Financial Group initiated a new position in Sandisk during the fourth quarter, buying 12,608 shares valued at about $2.99 million.
• Analyst sentiment remains bullish, with Barclays raising its target to $2,300 and multiple firms reiterating buy or outperform ratings; the stock now carries a consensus Buy rating.
• Sandisk reported a huge earnings beat for the latest quarter, posting $23.41 EPS on $5.95 billion in revenue, with revenue up 251% year over year and Q4 2026 guidance set at 30–33 EPS.

Bleakley Financial Group LLC purchased a new stake in Sandisk Corporation (NASDAQ:SNDK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,608 shares of the data storage provider's stock, valued at approximately $2,993,000.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. bought a new stake in Sandisk during the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk during the third quarter worth $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk during the fourth quarter worth $27,000. Westfuller Advisors LLC lifted its stake 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 purchasing an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in Sandisk during the third quarter worth $30,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays upgraded Sandisk from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday. Wall Street Zen upgraded Sandisk from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 31st. Raymond James Financial reiterated an "outperform" rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Weiss Ratings upgraded Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $1,400.00 price target on shares of Sandisk in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $1,207.14.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Barclays raised its price target on Sandisk and maintained a bullish view, saying AI-driven storage demand and Sandisk’s contract strategy still leave room for further upside. SanDisk (SNDK) Stock Has Exploded 4,000%. This 5-Star Analyst Still Sees More Upside
• Positive Sentiment: Multiple reports highlighted Sandisk as a leader in the AI memory supercycle, with chip shortages and strong pricing trends supporting continued earnings momentum. Memory Supercycle: Why MU & SNDK Are Set for a Grand Finale
• Positive Sentiment: Recent articles also pointed to Sandisk’s massive run and strong investor interest, reinforcing the view that momentum traders and growth investors are still piling into the name. What's Going On With SanDisk Stock Wednesday?

Sandisk Stock Up 0.0%

NASDAQ SNDK opened at $1,589.94 on Thursday. The company has a market capitalization of $235.45 billion, a price-to-earnings ratio of 55.26 and a beta of 4.82. Sandisk Corporation has a twelve month low of $36.21 and a twelve month high of $1,658.77. The stock has a fifty day simple moving average of $1,036.08 and a 200 day simple moving average of $627.45.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, beating analysts' consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the company earned ($0.30) earnings per share. The business's revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts expect that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the sale, the director directly owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the sale, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company's stock.

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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