Rep. Gilbert Ray Cisneros, Jr. Buys Sandisk Corporation (NASDAQ:SNDK) Shares

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed a purchase of between $1,001 and $15,000 in Sandisk (NASDAQ:SNDK) shares on March 13 through his "150 MAIN STREET TRUST > BANK OF AMERICA" account.
• Sandisk shares jumped about 9.9% and opened near $780.90 (close to the 12‑month high) after the company beat quarterly estimates with $6.20 EPS and $3.03B revenue, up 61.2% year‑over‑year.
• Wall Street is generally bullish on the stock—MarketBeat shows a "Moderate Buy" consensus with an average target of $594.48, and several firms have upgraded or raised price targets (Bank of America at $900).

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Sandisk Corporation (NASDAQ:SNDK). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Sandisk stock on March 13th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Advanced Energy Industries NASDAQ: AEIS on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 3/27/2026.
• Purchased $15,001 - $50,000 in shares of Fabrinet NYSE: FN on 3/27/2026.

Sandisk Stock Up 9.9%

NASDAQ:SNDK opened at $780.90 on Thursday. Sandisk Corporation has a twelve month low of $28.27 and a twelve month high of $807.99. The company has a market cap of $115.26 billion, a price-to-earnings ratio of -102.89 and a beta of 5.04. The stock has a fifty day simple moving average of $640.59 and a 200-day simple moving average of $377.95. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm's revenue for the quarter was up 61.2% on a year-over-year basis.

Hedge Funds Weigh In On Sandisk

Large investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new position in Sandisk in the 3rd quarter worth approximately $1,136,000. New York State Teachers Retirement System acquired a new position in Sandisk in the 3rd quarter worth approximately $13,546,000. Y Intercept Hong Kong Ltd acquired a new position in Sandisk in the 3rd quarter worth approximately $7,046,000. Sage Rhino Capital LLC acquired a new position in Sandisk in the 3rd quarter worth approximately $587,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Sandisk in the 3rd quarter worth approximately $514,000.

Insiders Place Their Bets

In related news, Director Miyuki Suzuki sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. This represents a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen upgraded Sandisk from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 31st. Sanford C. Bernstein lifted their price objective on Sandisk from $300.00 to $580.00 and gave the company an "outperform" rating in a report on Wednesday, January 14th. Zacks Research upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Bank of America lifted their price objective on Sandisk from $850.00 to $900.00 and gave the company a "buy" rating in a report on Monday, March 23rd. Finally, Mizuho set a $600.00 price objective on Sandisk in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sandisk currently has an average rating of "Moderate Buy" and a consensus price target of $594.48.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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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