Canada Post Corp Registered Pension Plan Buys New Shares in Sandisk Corporation $SNDK

Canada Post Corp Registered Pension Plan bought a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,510 shares of the data storage provider’s stock, valued at approximately $833,000.

Several other large investors have also recently bought and sold shares of the stock. Composition Wealth LLC raised its stake in Sandisk by 0.4% during the 4th quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider’s stock valued at $2,445,000 after purchasing an additional 41 shares during the last quarter. Westfuller Advisors LLC raised its stake in Sandisk by 51.8% during the 4th quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Everhart Financial Group Inc. raised its stake in Sandisk by 3.4% during the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock valued at $489,000 after purchasing an additional 67 shares during the last quarter. Assetmark Inc. raised its stake in Sandisk by 71.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 73 shares during the last quarter. Finally, Savvy Advisors Inc. raised its stake in Sandisk by 1.3% during the 4th quarter. Savvy Advisors Inc. now owns 6,930 shares of the data storage provider’s stock valued at $1,645,000 after purchasing an additional 87 shares during the last quarter.

Sandisk Stock Performance

SNDK opened at $1,333.01 on Tuesday. The firm’s 50-day simple moving average is $914.47 and its 200-day simple moving average is $563.86. Sandisk Corporation has a twelve month low of $35.79 and a twelve month high of $1,600.00. The firm has a market cap of $197.41 billion, a price-to-earnings ratio of 46.33 and a beta of 4.82.

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

Insider Buying and Selling

In related news, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were 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 owned 22,375 shares in the company, valued at $31,910,777.50. This represents a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the transaction, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,525 shares of company stock worth $6,555,092 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SNDK shares. Citigroup upped their target price on shares of Sandisk from $980.00 to $1,300.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Mizuho set a $1,220.00 target price on shares of Sandisk in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Sanford C. Bernstein upped their target price on shares of Sandisk from $1,250.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Evercore reiterated an “outperform” rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,124.18.

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.