Corient Private Wealth LP Sells 795 Shares of Sandisk Corporation $SNDK

Key Points

• Corient Private Wealth reduced its Sandisk position by 5.2%, selling 795 shares and retaining 14,409 shares valued at approximately $32.8 million. Other institutional investors made significant purchases during the period.
• 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 program.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $1,998.14, although Zacks downgraded the stock to “Hold.” Insider selling and concerns over profit-taking, elevated valuation, and a potential NAND-cycle slowdown remain risks.

Corient Private Wealth LP cut its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,409 shares of the data storage provider's stock after selling 795 shares during the quarter. Corient Private Wealth LP's holdings in Sandisk were worth $32,762,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its holdings in shares of Sandisk by 35.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock worth $130,885,000 after buying an additional 14,964 shares during the last quarter. Allworth Financial LP increased its holdings in Sandisk by 84.2% during the fourth quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider's stock worth $1,073,000 after buying an additional 2,067 shares during the last quarter. Tredje AP fonden purchased a new stake in Sandisk during the fourth quarter worth about $7,821,000. ProShare Advisors LLC increased its holdings in Sandisk by 1,301.5% during the fourth quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider's stock worth $7,985,000 after buying an additional 31,237 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in Sandisk in the fourth quarter worth about $422,000.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: SanDisk remains a major beneficiary of rising artificial-intelligence infrastructure spending. Analysts point to multi-year contracted revenue, stronger NAND demand and the potential for sustained pricing power among memory suppliers. The Next Phase of the AI Boom Could Be Great News for NVIDIA, Micron, and SanDisk
• Positive Sentiment: A bullish long-term view argues that SanDisk’s emphasis on longer-term contractual pricing could reduce the historical volatility of NAND markets. Management’s projections for strong revenue growth and gross margins above 80% through 2030 support the optimistic thesis. Sandisk Shares Could Double (Or More) By 2030
• Positive Sentiment: Memory stocks initially received support from continued AI spending, including developments involving Oracle, helping SanDisk rise in premarket trading before broader selling emerged later in the session. Why Are Memory Chip Stocks Rising in Pre-Market Trading?
• Neutral Sentiment: SanDisk’s 2,107% one-year advance has made valuation and momentum major investor considerations. The exceptional gain increases the likelihood of profit-taking, even if the underlying AI opportunity remains intact. Morningstar on SanDisk’s 2,107% Year
• Neutral Sentiment: Investor commentary is divided: some see substantial long-term upside, while another analysis warns that the current NAND upcycle could weaken by 2027. This highlights the stock’s sensitivity to memory pricing and cyclical demand. Sandisk: NAND Party Likely To End In 2027
• Negative Sentiment: Storage and memory equities sold off as concerns about software efficiency and the sustainability of AI-related spending weighed on the sector. Seagate’s decline reinforced the industry-wide pressure. SanDisk Stock Drops Friday Afternoon
• Negative Sentiment: Investors continued taking profits after the sharp rally, while higher oil prices and inflation concerns raised fears of higher interest rates—particularly negative for high-beta technology stocks such as SNDK. Why Are Memory Stocks Falling?

Insider Transactions at Sandisk

In other news, insider Bernard Shek sold 2,308 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the completion of the transaction, the insider directly owned 25,305 shares in the company, valued at approximately $44,722,285.65. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $7,259,212.96. Following the transaction, the executive vice president directly owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 9,220 shares of company stock worth $14,829,223. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $2,200.00 target price on shares of Sandisk in a research report on Thursday, August 13th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sandisk in a report on Thursday, August 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,900.00 price objective on shares of Sandisk in a research note on Monday, August 10th. Wedbush reissued an "outperform" rating and set a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Finally, Zacks Research downgraded Sandisk from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sandisk presently has an average rating of "Moderate Buy" and an average price target of $1,998.14.

Sandisk Stock Performance

NASDAQ:SNDK opened at $1,633.35 on Monday. Sandisk Corporation has a 52-week low of $82.28 and a 52-week high of $2,354.39. The firm has a market cap of $239.16 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.16 and a beta of 5.17. The business's fifty day moving average is $1,517.76 and its 200 day moving average is $1,328.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm'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 predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are 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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