Corient Private Wealth LLC Purchases New Position in Sandisk Corporation $SNDK

Corient Private Wealth LLC acquired a new position in Sandisk Corporation (NASDAQ:SNDK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,785 shares of the data storage provider’s stock, valued at approximately $353,000.

Separately, Osaic Holdings Inc. bought a new stake in Sandisk during the 2nd quarter valued at $317,000.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SNDK. Bank of America raised their price target on Sandisk from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Benchmark restated a “buy” rating on shares of Sandisk in a research note on Thursday, December 18th. JPMorgan Chase & Co. initiated coverage on Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 price target on the stock. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Sandisk from $55.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sandisk presently has an average rating of “Moderate Buy” and an average price target of $213.33.

Sandisk Stock Performance

NASDAQ:SNDK opened at $240.22 on Wednesday. The stock has a market cap of $35.20 billion and a P/E ratio of 750.69. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $221.28 and its two-hundred day moving average price is $121.99. Sandisk Corporation has a twelve month low of $27.89 and a twelve month high of $284.76.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Sandisk’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

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.