Sandisk Corporation $SNDK Stock: Park Avenue Securities LLC Grows Stake

Key Points

• Institutional ownership increased: Park Avenue Securities LLC raised its Sandisk stake by 40.1% to 8,404 shares, valued at approximately $14.6 million. Several other investment firms also added to their positions.
• Insiders have been selling shares: Executives Bernard Shek and CFO Luis Visoso sold shares under pre-arranged Rule 10b5-1 plans, while insiders sold approximately $121.2 million worth of stock over the past 90 days.
• Wall Street remains broadly bullish: Sandisk carries a “Moderate Buy” consensus rating with an average price target of $2,093.73, supported by strong earnings, AI-driven storage demand, and a newly authorized $14 billion share-repurchase program.

Park Avenue Securities LLC increased its holdings in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 40.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,404 shares of the data storage provider's stock after purchasing an additional 2,405 shares during the period. Park Avenue Securities LLC's holdings in Sandisk were worth $14,622,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its stake in Sandisk by 14.3% in the second quarter. Dogwood Wealth Management LLC now owns 48 shares of the data storage provider's stock worth $109,000 after buying an additional 6 shares in the last quarter. Nilsine Partners LLC lifted its holdings in Sandisk by 3.2% during the second quarter. Nilsine Partners LLC now owns 226 shares of the data storage provider's stock worth $514,000 after buying an additional 7 shares during the period. Insight Wealth Partners LLC boosted its position in Sandisk by 0.4% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,607 shares of the data storage provider's stock valued at $3,654,000 after acquiring an additional 7 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Sandisk by 2.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 340 shares of the data storage provider's stock valued at $592,000 after acquiring an additional 8 shares in the last quarter. Finally, Cornerstone Financial Management LLC boosted its position in Sandisk by 60.0% during the 2nd quarter. Cornerstone Financial Management LLC now owns 24 shares of the data storage provider's stock valued at $55,000 after acquiring an additional 9 shares in the last quarter.

Insiders Place Their Bets

In related news, insider Bernard Shek sold 600 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at $44,393,644.72. The trade was a 2.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the transaction, the chief financial officer owned 130,976 shares in the company, valued at approximately $205,479,078.08. This trade represents a 0.76% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 77,899 shares of company stock worth $121,159,122. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SNDK shares. UBS Group reiterated an "overweight" rating and issued a $1,750.00 price target on shares of Sandisk in a report on Friday, August 14th. China Renaissance upped their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price objective on Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Argus raised Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 price objective on the stock in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their target price on Sandisk from $1,300.00 to $1,600.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Sandisk has an average rating of "Moderate Buy" and an average target price of $2,093.73.

Sandisk Stock Up 3.9%

NASDAQ:SNDK opened at $1,304.84 on Wednesday. Sandisk Corporation has a 52 week low of $164.56 and a 52 week high of $2,354.39. The firm has a 50 day moving average of $1,576.10 and a 200 day moving average of $1,236.92. The stock has a market capitalization of $188.59 billion, a price-to-earnings ratio of 17.90 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share for the quarter, beating the consensus estimate of $33.28 by $5.97. The firm had revenue of $8.96 billion during the quarter. During the same period last year, the business posted $0.29 EPS. The firm's quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 5th that allows the company to repurchase $14 billion in outstanding shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Share repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong earnings expectations: Analysts expect revenue growth supported by artificial-intelligence infrastructure demand, higher NAND pricing and expanding data-center sales. Management’s prior guidance called for approximately 18% sequential revenue growth at the midpoint, while the company’s Q1 EPS outlook is $44–$46. Pre-Q1 Earnings: Is Sandisk Stock a Portfolio Must-Have?
• Positive Sentiment: Analyst support remains favorable: Wedbush rated SNDK a buy ahead of the report, and Cantor Fitzgerald maintained an overweight rating despite reducing its price target from $2,900 to $2,200. Bullish analysts point to long-term hyperscaler agreements and margin protections that could improve earnings visibility through 2029–2030. SanDisk Stock Is a Buy, Says Wedbush
• Positive Sentiment: Memory-sector momentum: A Bank of America note reportedly said customers are locking in memory supply for multiple years, helping lift memory and storage stocks. This reinforces the view that tight supply and AI-related demand could support pricing. Bank of America Grows More Positive on Memory

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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