Riversedge Advisors LLC Invests $242,000 in Sandisk Corporation $SNDK

Riversedge Advisors LLC acquired a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,018 shares of the data storage provider’s stock, valued at approximately $242,000.

A number of other institutional investors have also made changes to their positions in SNDK. Everhart Financial Group Inc. lifted its holdings in Sandisk by 3.4% in the 4th quarter. Everhart Financial Group Inc. now owns 2,058 shares of the data storage provider’s stock worth $489,000 after purchasing an additional 67 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Sandisk during the fourth quarter worth approximately $453,000. GAMMA Investing LLC grew its holdings in Sandisk by 3.2% during the fourth quarter. GAMMA Investing LLC now owns 4,042 shares of the data storage provider’s stock valued at $959,000 after purchasing an additional 126 shares during the last quarter. AIA Group Ltd acquired a new position in Sandisk during the third quarter valued at approximately $1,339,000. Finally, Allworth Financial LP bought a new position in shares of Sandisk in the third quarter valued at approximately $275,000.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SNDK. Wedbush upped their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Barclays lifted their target price on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Bank of America boosted their target price on shares of Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald upped their price target on shares of Sandisk from $550.00 to $800.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, UBS Group set a $1,000.00 price target on Sandisk in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $570.19.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Citi raised its price target to $875 and maintained a buy stance, signaling significant upside expectations and supporting the stock’s recent run. Benzinga / TickerReport on Citi price target raise
• Positive Sentiment: A Citi analyst also boosted earnings/volume forecasts, saying data‑center NAND bit demand is “through the roof,” which underpins longer‑term revenue prospects for SanDisk. TipRanks: Citi analyst hike
• Positive Sentiment: SanDisk recently hit all‑time highs amid strong demand for AI‑optimized storage, which helped push momentum and attracted momentum buyers ahead of this pullback. TipRanks: all‑time high coverage
• Positive Sentiment: KGI Securities and other firms initiated/expanded coverage with constructive ratings, increasing institutional attention and potential buy‑side interest. AmericanBankingNews: KGI initiates coverage
• Neutral Sentiment: Technical analysts flagged bullish patterns (golden cross on key moving averages) that can attract technical buyers but don’t guarantee sustained gains. 24/7 Wall St.: golden cross article
• Neutral Sentiment: Analyst/market commentary and media speculation about a potential stock split have circulated; such talk can boost retail interest but is speculative until management confirms. 24/7 Wall St.: stock split speculation
• Negative Sentiment: Profit‑taking and a debate in the press — framed as “AI breakout or speculative bubble” — have driven a short‑term pullback as investors reassess valuation after the rapid rise. 24/7 Wall St.: AI breakout vs bubble
• Negative Sentiment: Coverage noting intra‑session drops and pre‑market weakness highlights elevated volatility — short‑term traders may exacerbate moves, increasing downside risk for momentum investors. MSN: what’s behind the drop

Sandisk Trading Down 8.1%

Shares of Sandisk stock opened at $709.71 on Friday. Sandisk Corporation has a 1 year low of $27.89 and a 1 year high of $777.60. The company’s fifty day simple moving average is $580.47 and its 200-day simple moving average is $323.22. The company has a market cap of $104.75 billion and a price-to-earnings ratio of -93.51. The company has a current ratio of 3.11, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 EPS for the quarter, beating the consensus estimate of $3.31 by $2.89. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. The firm’s revenue was up 61.2% on a year-over-year basis.

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.