Insider Selling: Sandisk (NASDAQ:SNDK) CEO Sells 33,841 Shares

by · The Markets Daily

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) CEO David Goeckeler sold 33,841 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares in the company, valued at $602,709,911.65. The trade was a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Goeckeler also recently made the following trade(s):

  • On Monday, September 14th, David Goeckeler sold 33,838 shares of Sandisk stock. The shares were sold at an average price of $1,527.87, for a total value of $51,700,065.06.

Sandisk Stock Down 1.4%

NASDAQ:SNDK traded down $25.18 during trading hours on Monday, reaching $1,766.64. 10,376,256 shares of the stock were exchanged, compared to its average volume of 15,812,787. Sandisk Corporation has a twelve month low of $93.54 and a twelve month high of $2,354.39. The business has a 50-day moving average of $1,500.67 and a two-hundred day moving average of $1,362.09. The company has a market capitalization of $258.67 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 0.18 and a beta of 5.17.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the firm posted $0.29 EPS. Sandisk’s quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. On average, research analysts forecast that Sandisk Corporation will post 208.92 EPS for the current fiscal year.

Sandisk declared that its board has authorized a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $14.00 billion in shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Susquehanna cut their price target on Sandisk from $3,250.00 to $3,050.00 and set a “positive” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada increased their price target on Sandisk from $1,300.00 to $1,600.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Weiss Ratings downgraded Sandisk from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Finally, Citigroup reduced their target price on shares of Sandisk from $2,500.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Sandisk presently has a consensus rating of “Moderate Buy” and an average target price of $1,998.14.

Get Our Latest Stock Analysis on SNDK

More Sandisk News

Here are the key news stories impacting Sandisk this week:

  • Positive Sentiment: AI demand remains the main bullish driver. Analysts and industry commentary point to a growing “memory wall” problem, with AI workloads requiring substantially more high-performance storage and memory. Strong semiconductor data and renewed technology-sector momentum also supported premarket interest in SNDK. Why Are AI Memory Chip Stocks Micron and SanDisk Rising Today, and Who Owns Them?
  • Positive Sentiment: SanDisk’s recent inclusion in S&P 100-related coverage and its constructive technical setup have increased visibility and may attract additional institutional demand. The company is also being highlighted among leading stocks forming bullish base patterns. SanDisk Stock Jumped 11% on S&P 100 News
  • Neutral Sentiment: A market roundup identified SNDK as one of the technology stocks investors are watching as the sector regains leadership heading into the fourth quarter. This supports sentiment but does not represent a new company-specific announcement. Tech Retakes Lead Heading into Q4
  • Negative Sentiment: China-based CXMT reportedly moved a newer DRAM process into mass production, potentially improving wafer yields and production economics. Greater Chinese supply could challenge the tight-memory thesis and pressure pricing and margins across the industry. Micron, SanDisk Stocks Face a New Test Today
  • Negative Sentiment: Analysis warns that SanDisk’s pricing contracts contain built-in depreciation, creating a risk that realized prices decline even while AI demand remains strong. Technical commentary also points to resistance after the stock’s sharp recent recovery, increasing the likelihood of profit-taking. Sandisk Pricing Contracts Have Inbuilt Price Depreciation

Institutional Investors Weigh In On Sandisk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new position in Sandisk in the second quarter valued at $30,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Sandisk in the 2nd quarter valued at about $32,000. Kilter Group LLC purchased a new stake in shares of Sandisk in the 2nd quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Sandisk in the 2nd quarter valued at about $34,000. Finally, Triumph Capital Management grew its stake in Sandisk by 220.0% during the 2nd quarter. Triumph Capital Management now owns 16 shares of the data storage provider’s stock worth $36,000 after buying an additional 11 shares during the last quarter.

Sandisk Company Profile

(Get Free Report)

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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