Sandisk (NASDAQ:SNDK) Stock: Insider Bernard Shek Sells 600 Shares

Key Points

• Insider sale: Bernard Shek sold 600 Sandisk shares for approximately $1.04 million at an average price of $1,734.94 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 2.29%.
• Strong operating backdrop: Sandisk reported quarterly EPS of $39.25, beating estimates, while revenue surged 371.6% year over year. The company also authorized a $14 billion share buyback covering up to 6.6% of outstanding shares.
• Market and analyst view: Shares recently fell 3.8% to $1,719.99, but analysts maintain a “Moderate Buy” consensus with an average target of $2,113.92, supported by AI-driven data-center demand and tight NAND supply.

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) insider Bernard Shek sold 600 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $1,734.94, for a total transaction of $1,040,964.00. Following the completion of the transaction, the insider directly owned 25,588 shares of the company's stock, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 8th, Bernard Shek sold 2,308 shares of Sandisk stock. The stock was sold at an average price of $1,767.33, for a total transaction of $4,078,997.64.
• 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 transaction 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 value of $697,296.00.

Sandisk Stock Down 3.8%

NASDAQ:SNDK traded down $67.70 during trading hours on Friday, hitting $1,719.99. 8,159,249 shares of the company's stock traded hands, compared to its average volume of 9,007,977. The firm has a market cap of $251.84 billion, a P/E ratio of 23.59, a P/E/G ratio of 0.18 and a beta of 5.23. Sandisk Corporation has a 52 week low of $115.68 and a 52 week high of $2,354.39. The business's fifty day simple moving average is $1,545.74 and its two-hundred day simple moving average is $1,438.52.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted 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%.Sandisk's quarterly revenue was up 371.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, analysts expect that Sandisk Corporation will post 208.94 EPS for the current year.

Sandisk announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

SNDK has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. Arete Research lifted their target price on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Sanford C. Bernstein reissued an "outperform" rating and issued a $3,000.00 price target (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. China Renaissance increased their price target on shares of Sandisk from $2,000.00 to $2,250.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Finally, Bank of America raised their price objective on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Sandisk currently has an average rating of "Moderate Buy" and an average target price of $2,113.92.

Hedge Funds Weigh In On Sandisk

Several institutional investors have recently modified their holdings of SNDK. Silverleafe Capital Partners LLC purchased a new position in shares of Sandisk during the 3rd quarter valued at about $513,000. Versant Capital Management Inc boosted its stake in Sandisk by 6.8% in the third quarter. Versant Capital Management Inc now owns 563 shares of the data storage provider's stock worth $980,000 after buying an additional 36 shares in the last quarter. Doliver Advisors LP purchased a new stake in Sandisk in the third quarter worth approximately $367,000. Atomic Invest LLC bought a new position in Sandisk during the second quarter valued at approximately $25,000. Finally, Silicon Valley Capital Partners grew its position in Sandisk by 1,917.6% during the second quarter. Silicon Valley Capital Partners now owns 343 shares of the data storage provider's stock valued at $779,000 after acquiring an additional 326 shares during the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI data-center demand is supporting a tight NAND market. Micron’s results pointed to stronger pricing and constrained supply potentially extending through 2028, a backdrop that could benefit SanDisk’s storage products and margins. Citi maintained a Buy view and a $2,100 price target. Citi maintains Buy rating after Micron earnings
• Positive Sentiment: Analysts remain constructive on the longer-term opportunity, citing AI-related storage demand, strong pricing, and SanDisk’s shift toward multi-year data-center contracts. A Seeking Alpha analysis upgraded the stock while acknowledging that valuation is richer. SanDisk long-term deal coverage and valuation upgrade
• Neutral Sentiment: SanDisk is scheduled to report fiscal first-quarter 2027 results on October 29. The September 29 announcement contained no new guidance, leaving earnings and updated forecasts as the next major catalysts. What investors needed to notice in SanDisk stock
• Negative Sentiment: Memory and storage shares broadly weakened after Micron pulled back despite a record quarter and strong guidance; Western Digital and Seagate also declined. Investors appear to be taking profits after SanDisk’s exceptional 2026 rally and applying more demanding expectations to the group. Why memory and storage stocks are falling
• Negative Sentiment: Routine insider-sale disclosures may be adding short-term pressure. Recent filings show selling by several executives, including CEO David Goeckeler, although some transactions were arranged under Rule 10b5-1 plans and do not necessarily signal a change in business outlook. Why SanDisk stock is under pressure today

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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