Sandisk Corporation $SNDK Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its position in shares of Sandisk Corporation (NASDAQ:SNDK) by 24.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,826 shares of the data storage provider’s stock after selling 898 shares during the quarter. Krilogy Financial LLC’s holdings in Sandisk were worth $1,795,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the second quarter valued at $317,000. Merit Financial Group LLC bought a new stake in Sandisk in the third quarter worth about $408,000. PNC Financial Services Group Inc. acquired a new stake in Sandisk in the 3rd quarter valued at about $989,000. Clearstead Advisors LLC bought a new position in shares of Sandisk during the 3rd quarter valued at about $216,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Sandisk in the third quarter worth approximately $299,000.

Sandisk Price Performance

SNDK stock opened at $1,916.14 on Thursday. The firm has a market capitalization of $283.76 billion, a P/E ratio of 66.60 and a beta of 4.87. Sandisk Corporation has a 52-week low of $40.10 and a 52-week high of $2,354.39. The company’s 50 day simple moving average is $1,494.22 and its 200-day simple moving average is $857.75.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion during the quarter. During the same period in the prior year, the business posted ($0.30) EPS. The company’s revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 64.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of the company’s 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 transaction, the director directly owned 2,900 shares in the company, valued at $4,359,019. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,625 shares of company stock worth $8,913,497 over the last three months. Company insiders own 0.21% of the company’s stock.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Micron’s blowout Q3 earnings are helping lift sentiment across memory and storage stocks, including Sandisk, as investors view the results as evidence that AI-driven demand remains strong for NAND and related memory products. Article Title
• Positive Sentiment: Several reports say Sandisk’s AI-focused pivot is gaining traction, with analysts and commentators highlighting strong revenue growth, high margins, and large long-term supply commitments that support the bull case for the company. Article Title
• Positive Sentiment: Despite the recent selloff, some market watchers say Sandisk remains investable after its massive run, pointing to continued AI-related demand, new product launches, and the company’s transformation into a higher-value data-center supplier. Article Title
• Neutral Sentiment: Some technical commentary says the stock is testing key support after a strong rally, suggesting the current move may be a routine consolidation unless that support fails. Article Title
• Negative Sentiment: Recent articles warn that Sandisk has run too far, with some price targets well below current levels and commentary that risk/reward has worsened after the stock’s huge year-to-date surge. Article Title
• Negative Sentiment: Broader semiconductor weakness and AI-bubble fears have triggered profit-taking in memory stocks, and Sandisk has been caught up in the sector-wide selloff. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,200.00 price target on shares of Sandisk in a report on Friday, May 1st. Bank of America raised their price objective on Sandisk from $1,550.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Citigroup lifted their target price on Sandisk from $1,300.00 to $2,025.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. KGI Securities started coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price on the stock. Finally, Melius Research set a $2,350.00 target price on Sandisk in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,580.67.

Sandisk 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.