Evolve Private Wealth LLC Has $1.41 Million Stock Position in Sandisk Corporation $SNDK

Key Points

• Evolve Private Wealth LLC cut its Sandisk stake by 39.9% in Q1, leaving it with 2,215 shares valued at about $1.41 million at quarter-end.
• Sandisk has been attracting strong investor and analyst attention amid AI-driven NAND demand and a reported memory shortage, with Bank of America lifting its price target to $2,100 and several analysts maintaining bullish ratings.
• The company posted a much stronger-than-expected quarter, with EPS of $23.41 on $5.95 billion in revenue, and it has guided Q4 2026 EPS to 30.0–33.0, though some reports warn the stock may be overvalued after its sharp run-up.

Evolve Private Wealth LLC lessened its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 39.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,215 shares of the data storage provider's stock after selling 1,470 shares during the period. Evolve Private Wealth LLC's holdings in Sandisk were worth $1,407,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. bought a new position in shares of Sandisk during the fourth quarter worth approximately $26,000. Greenline Wealth Management LLC acquired a new stake in Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sandisk in the 3rd quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in Sandisk in the 4th quarter valued at $27,000. Finally, Westfuller Advisors LLC grew its holdings in Sandisk by 51.8% in the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after buying an additional 43 shares in the last quarter.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts and market commentary say AI demand is fundamentally changing the NAND market, supporting the bullish case for Sandisk and the broader memory cycle.
• Positive Sentiment: Bank of America reportedly raised its price target to $2,100 as the global NAND shortage worsens, adding to investor enthusiasm for SNDK.
• Positive Sentiment: Memory stocks, including Sandisk, rallied alongside Micron and Western Digital as traders positioned ahead of Micron’s earnings, reinforcing sector momentum.
• Positive Sentiment: Articles highlighted Sandisk’s huge year-to-date gain and record-high trading levels, which can draw momentum buyers and ETF inflows tied to storage and AI themes. Article title
• Neutral Sentiment: Several pieces focused on Sandisk’s strong performance, including its role in free-cash-flow ETFs and comments from investors who have made large gains, which may help sentiment but do not change fundamentals directly.
• Neutral Sentiment: One report said SNDK could be significantly overvalued after its recent surge, which is a cautionary note for investors even as the stock remains buoyant.
• Negative Sentiment: Valuation concerns are starting to emerge after the explosive rally, and any disappointment in future earnings or memory pricing could spark volatility in SNDK.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 579 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company's stock, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alper Ilkbahar sold 2,000 shares of the business's stock in a transaction dated 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 directly owned 52,677 shares of the company's stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,625 shares of company stock worth $8,913,497 over the last three months. Company insiders own 0.21% of the company's stock.

Sandisk Price Performance

Sandisk stock opened at $2,273.73 on Tuesday. The stock's fifty day moving average price is $1,452.71 and its two-hundred day moving average price is $833.30. Sandisk Corporation has a one year low of $40.10 and a one year high of $2,354.39. The firm has a market cap of $336.72 billion, a PE ratio of 79.03 and a beta of 4.88.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results 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. The firm had revenue of $5.95 billion during the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business's revenue was up 251.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk Corporation will post 64.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group reiterated a "buy" rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Wells Fargo & Company boosted 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 report on Friday, May 1st. Raymond James Financial restated an "outperform" rating and issued a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Evercore reaffirmed an "outperform" rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday, May 1st. Finally, Bank of America lifted their price objective on shares of Sandisk from $1,550.00 to $2,100.00 and gave the stock a "buy" rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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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