Algert Global LLC Invests $16.33 Million in Sandisk Corporation $SNDK

Algert Global LLC purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 145,542 shares of the data storage provider’s stock, valued at approximately $16,330,000. Algert Global LLC owned approximately 0.10% of Sandisk at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SNDK. Vanguard Group Inc. purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $1,970,388,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the third quarter valued at approximately $297,293,000. AQR Capital Management LLC purchased a new stake in Sandisk in the third quarter worth approximately $163,057,000. Victory Capital Management Inc. purchased a new stake in Sandisk in the third quarter worth approximately $120,363,000. Finally, Alliancebernstein L.P. bought a new stake in Sandisk in the 3rd quarter worth approximately $115,645,000.

Sandisk Stock Performance

Shares of SNDK opened at $661.62 on Friday. The business has a 50-day simple moving average of $541.07 and a two-hundred day simple moving average of $299.39. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. Sandisk Corporation has a 52 week low of $27.89 and a 52 week high of $725.00. The stock has a market cap of $97.66 billion and a price-to-earnings ratio of -87.17.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations 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 was up 61.2% on a year-over-year basis.

Insiders Place Their Bets

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of Sandisk stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector-wide NAND shortage + AI demand — analysts and market commentary point to a structural NAND supply deficit driven by AI infrastructure spending, which is lifting pricing and investor optimism for flash-memory suppliers like SanDisk. SanDisk Climbs 6% as Sector-Wide Memory Shortage Fuels Fresh Investor Optimism
• Positive Sentiment: Strategic industry collaboration — SanDisk joined SK Hynix on initiatives to develop high‑bandwidth flash for AI, signaling product roadmaps aligned with hyperscaler needs and potential preferential design wins. Sandisk Joins SK Hynix To Shape High Bandwidth Flash For AI
• Positive Sentiment: Company guidance and results support growth thesis — management has signaled accelerated NAND growth and Sandisk’s recent quarterly beat (EPS and revenue well above estimates) underpin expectations for stronger margins and cash generation. SanDisk Corp. (SNDK) projects accelerated growth for NAND
• Positive Sentiment: Bullish analyst/market commentary — buy-side pieces (e.g., Seeking Alpha) argue the rally has more room, citing product pipeline wins (Gen5 TLC, BiCS8) and hyperscaler adoption that should expand the data‑center SSD mix. Sandisk May Not Be Peaking Yet – Buy
• Neutral Sentiment: Industry ecosystem strength — suppliers and equipment makers (e.g., Aehr Test Systems) are seeing AI-driven orders for wafer/package testing; this validates higher NAND activity but is an indirect positive for SanDisk. AEHR Keeps Winning: Up +100% With Memory Chip Deal Potential (SNDK)
• Neutral Sentiment: Investor visibility from conferences — Sandisk’s Cantor conference presentation provides management detail and helped reinforce the story, but it’s incremental vs. earnings and industry supply dynamics. Sandisk Corporation (SNDK) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation caution — some analysts warn SNDK’s rapid >1,000% YTD+ move has left a rich valuation and high sales multiple, raising the risk that near‑term outperformance is already priced in and that volatility/mean reversion could follow. Sandisk Surges on AI Storage Demand: Is the Rally Already Priced in?

Wall Street Analyst Weigh In

SNDK has been the subject of a number of research reports. Citigroup boosted their target price on shares of Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Bank of America raised their price target on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Sanford C. Bernstein lifted their price objective on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. UBS Group set a $1,000.00 price objective on Sandisk in a research report on Monday, February 2nd. Finally, Raymond James Financial raised Sandisk from a “market perform” rating to an “outperform” rating and set a $725.00 target price on the stock in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $542.85.

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.