Seven Grand Managers LLC Has $47.48 Million Position in Sandisk Corporation $SNDK

Key Points

• Seven Grand Managers LLC cut its Sandisk stake by 33.3% in the fourth quarter, selling 100,000 shares but still holding 200,000 shares worth about $47.5 million. Sandisk remained the fund’s fourth-largest position and represented about 3.6% of its portfolio.
• Sandisk reported a huge earnings beat for the quarter ended April 30, with EPS of $23.41 versus the $14.17 consensus and revenue up 251% year over year to $5.95 billion. The company also issued Q4 2026 guidance of 30.0–33.0 EPS.
• Sentiment on the stock remains bullish: several analysts raised ratings or price targets, including Barclays lifting its target to $2,300. News coverage also highlighted Sandisk as a beneficiary of AI-driven storage demand and the broader memory supercycle.

Seven Grand Managers LLC decreased its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,000 shares of the data storage provider's stock after selling 100,000 shares during the quarter. Sandisk comprises approximately 3.6% of Seven Grand Managers LLC's investment portfolio, making the stock its 4th largest position. Seven Grand Managers LLC owned approximately 0.14% of Sandisk worth $47,476,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNDK. Whittier Trust Co. bought a new position in Sandisk during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of Sandisk during the 4th quarter worth approximately $27,000. Westfuller Advisors LLC grew its position in shares of Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock worth $30,000 after buying an additional 43 shares during the period. Finally, Parallel Advisors LLC acquired a new stake in shares of Sandisk during the 3rd quarter worth approximately $30,000.

Sandisk Trading Up 0.0%

NASDAQ SNDK opened at $1,589.94 on Thursday. The company has a fifty day simple moving average of $1,036.08 and a 200 day simple moving average of $627.45. Sandisk Corporation has a 12-month low of $36.21 and a 12-month high of $1,658.77. The company has a market cap of $235.45 billion, a P/E ratio of 55.26 and a beta of 4.82.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, May 20th. Arete Research raised shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Evercore reaffirmed an "outperform" rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,400.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, Barclays raised shares of Sandisk from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $1,200.00 to $2,300.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $1,207.14.

Key Headlines Impacting Sandisk

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?

Insider Buying and Selling at Sandisk

In related news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company's stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

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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