a16z Perennial Management L.P. Invests $375,000 in Sandisk Corporation $SNDK

a16z Perennial Management L.P. purchased a new stake in shares of Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 590 shares of the data storage provider’s stock, valued at approximately $375,000.

Other large investors have also modified their holdings of the company. Valley Wealth Managers Inc. bought a new position in Sandisk in the 1st quarter worth approximately $25,000. Cedar Mountain Advisors LLC lifted its stake in Sandisk by 2,750.0% during the first quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Sandisk during the first quarter valued at $39,000. Himension Capital Singapore PTE. LTD. acquired a new position in Sandisk in the 1st quarter worth approximately $43,000. Finally, Main Street Group LTD acquired a new stake in shares of Sandisk during the 1st quarter valued at $53,000.

Insider Activity at Sandisk

In other news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the completion of the sale, the insider directly owned 31,515 shares in the company, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Necip Sayiner sold 579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the sale, the director owned 2,900 shares of the company’s stock, valued at $4,359,019. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 6,225 shares of company stock worth $10,166,297. Corporate insiders own 0.21% of the company’s stock.

Sandisk Stock Up 14.3%

Sandisk stock opened at $1,589.40 on Wednesday. The business’s 50-day moving average price is $1,745.86 and its two-hundred day moving average price is $1,065.78. The stock has a market cap of $235.37 billion, a PE ratio of 55.25 and a beta of 4.74. Sandisk Corporation has a 12-month low of $40.10 and a 12-month high of $2,354.39.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The firm had revenue of $5.95 billion for the quarter. During the same period in the previous year, the business posted ($0.30) earnings per share. The business’s revenue for the quarter was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts expect that Sandisk Corporation will post 64.52 earnings per share for the current year.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Memory-chip stocks are rebounding broadly, with SanDisk cited as one of the leaders as investors buy the dip following last week’s selloff and a recent memory-stock rout. Article Title
• Positive Sentiment: UBS said the forced selling in AI and semiconductor names may be close to ending, which could allow investors to rebuild positions in the sector and support a rebound in Sandisk shares. Article Title
• Positive Sentiment: Analyst and investor commentary remains constructive, including a Bernstein reiterated bullish stance and Seeking Alpha’s view that Sandisk could be a long-term “Strong Buy” due to stronger margins and AI infrastructure demand. Article Title
• Positive Sentiment: Broader market headlines say the AI trade is regaining momentum, with chip stocks leading the rebound and investors looking past recent geopolitical worries. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore set a $3,100.00 price objective on Sandisk in a research report on Monday, July 13th. Cantor Fitzgerald lifted their price objective on Sandisk from $1,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Royal Bank Of Canada increased their target price on Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Argus assumed coverage on shares of Sandisk in a report on Wednesday, July 15th. They set a “hold” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,803.29.

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.