Sandisk (NASDAQ:SNDK) Insider Sells 2,308 Shares of Stock

Key Points

• Insider Bernard Shek sold 2,308 Sandisk shares at an average price of $1,767.33, generating approximately $4.08 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 8.36% to 25,305 shares.
• Sandisk reported strong quarterly results, with $39.25 in earnings per share versus a $33.28 consensus estimate and revenue of $8.96 billion, up 371.6% year over year. The company also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
• Analysts maintain a consensus “Buy” rating with an average price target of $1,998.14, supported by AI-driven storage demand and Sandisk’s upcoming S&P 100 inclusion. However, the stock’s sharp rally has raised concerns about elevated valuation and the cyclical risks of NAND pricing and memory demand.

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 2,308 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total transaction of $4,078,997.64. Following the completion of the sale, the insider owned 25,305 shares of the company's stock, valued at approximately $44,722,285.65. The trade was a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bernard Shek also recently made the following trade(s):

• On Tuesday, September 1st, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,525.60, for a total value of $915,360.00.
• On Monday, August 3rd, Bernard Shek sold 600 shares of Sandisk stock. The stock was sold at an average price of $1,162.16, for a total transaction of $697,296.00.
• On Wednesday, July 1st, Bernard Shek sold 600 shares of Sandisk stock. The shares were sold at an average price of $2,088.00, for a total transaction of $1,252,800.00.

Sandisk Stock Performance

Shares of Sandisk stock traded down $2.01 during trading hours on Tuesday, hitting $1,737.99. The company's stock had a trading volume of 11,124,220 shares, compared to its average volume of 12,744,502. The stock has a market cap of $254.48 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 0.17 and a beta of 5.17. Sandisk Corporation has a twelve month low of $69.57 and a twelve month high of $2,354.39. The firm has a fifty day moving average of $1,526.40 and a 200-day moving average of $1,305.86.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted 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. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion during the quarter. During the same quarter last year, the business posted $0.29 EPS. The firm's revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, sell-side analysts expect that Sandisk Corporation will post 208.92 earnings per share for the current fiscal year.

Sandisk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $14.00 billion in shares. This repurchase authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Sandisk

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. purchased a new stake in Sandisk during the 2nd quarter valued at approximately $317,000. Merit Financial Group LLC acquired a new position in shares of Sandisk in the third quarter valued at approximately $408,000. Dimensional Fund Advisors LP purchased a new stake in shares of Sandisk during the third quarter worth approximately $100,080,000. First Trust Advisors LP purchased a new stake in shares of Sandisk during the third quarter worth approximately $9,788,000. Finally, Blair William & Co. IL acquired a new stake in shares of Sandisk during the third quarter worth $591,000.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: S&P 100 inclusion is a near-term catalyst. Sandisk will join the S&P 100 before trading opens on September 21. The addition could attract buying from index funds and increase institutional visibility after the stock’s powerful rally. SanDisk S&P 100 inclusion article
• Positive Sentiment: AI infrastructure demand is tightening the memory market. Articles point to strong demand for NAND and data-center storage, with supply constraints supporting pricing and margins across memory-chip makers. This has helped drive substantial recent gains in SNDK and peers such as Micron. Sandisk NAND article
• Positive Sentiment: Investors see improving cash generation and less exposure to spot-market volatility. One analysis estimates approximately $24 billion of fiscal 2027 free cash flow and highlights management’s intention to return excess cash to shareholders. Long-term supply agreements, reportedly totaling $93.9 billion, could make revenue more predictable than in prior NAND cycles. Sandisk free cash flow article
• Neutral Sentiment: Analyst sentiment is mixed after a more than 500% 2026 rally. Some commentators believe earnings growth and AI demand can extend the advance, while valuation models and technical indicators suggest expectations are already aggressive. Sandisk rally outlook article
• Negative Sentiment: Valuation and memory cyclicality are the main risks. Coverage warns that the rally may have moved ahead of fundamentals, while NAND pricing, customer spending and supply conditions can reverse quickly. A pullback or profit-taking would be more likely if demand expectations weaken. Zacks Sandisk rally risk article

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of analyst reports. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Royal Bank Of Canada raised their price target 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. Wells Fargo & Company lifted their price target on Sandisk from $1,400.00 to $1,550.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Mizuho lowered their price objective on Sandisk from $1,900.00 to $1,875.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Finally, Wedbush reiterated an "outperform" rating and issued a $2,000.00 price objective on shares of Sandisk in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $1,998.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.