Bessemer Group Inc. Makes New $114,000 Investment in Sandisk Corporation $SNDK

Bessemer Group Inc. acquired a new position in shares of Sandisk Corporation (NASDAQ:SNDK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,019 shares of the data storage provider’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the 2nd quarter worth approximately $317,000. Corient Private Wealth LLC bought a new stake in Sandisk during the second quarter worth approximately $353,000. Praxis Investment Management Inc. acquired a new stake in Sandisk in the third quarter worth approximately $533,000. GAMMA Investing LLC bought a new position in Sandisk during the 3rd quarter valued at $439,000. Finally, Voya Investment Management LLC bought a new position in Sandisk during the 3rd quarter valued at $8,917,000.

Insider Transactions at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the sale, the director owned 3,479 shares of the company’s stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SNDK has been the subject of several research reports. Barclays raised their price objective on shares of Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Wedbush increased their target price on shares of Sandisk from $600.00 to $740.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Fox Advisors upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Morgan Stanley set a $690.00 price target on Sandisk in a report on Friday, January 30th. Finally, Citigroup increased their price objective on Sandisk from $490.00 to $750.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Stock Down 0.6%

Sandisk stock opened at $626.56 on Friday. 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 Corporation has a 1-year low of $27.89 and a 1-year high of $725.00. The firm’s fifty day simple moving average is $387.83 and its 200-day simple moving average is $218.09. The company has a market capitalization of $92.46 billion and a P/E ratio of -82.55.

Sandisk (NASDAQ:SNDK) last announced its quarterly 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 positive return on equity of 10.11% and a negative net margin of 11.66%.The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.67 billion. The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Kioxia-led shortage signals and sector momentum are driving buying across memory names; analysts and news outlets point to early multi-year bookings and continued tight NAND supply as a structural tailwind for SanDisk. SanDisk (SNDK) Stock Rallies 5% as Memory Shortage Gets Worse – Time to Buy?
• Positive Sentiment: Sector-wide strength (Micron, WDC, STX) lifted SanDisk as investors rotated into memory plays after suppliers signaled constrained supply and earlier-than-usual bookings for 2027–28. Why Are Memory Chip Stocks Up Today? SanDisk (SNDK) Leads
• Positive Sentiment: Multiple bullish write-ups explain that SanDisk’s scale, JV relationships and focus on high-end data‑center flash give it pricing power and outsized earnings leverage in the current AI-driven cycle. Why SanDisk Stock Skyrocketed: 5 Key Questions Answered
• Neutral Sentiment: Coverage pieces summarizing the rally, ownership and street price-target activity provide context for momentum but don’t add new company-specific catalysts; useful for positioning and risk checks. With SanDisk Stock (SNDK) Up 165%, Let’s Look at Who Owns it
• Neutral Sentiment: Broad-market recognition pieces (e.g., roundup of strong S&P performers) keep the stock on screens but are not direct operational news for SanDisk. These 3 Zacks ‘Strong Buy’ Stocks Reflect the Hottest S&P 500 Stocks of 2026
• Negative Sentiment: Cautionary analysis warns the memory “party” could end if manufacturers ramp supply, AI spending normalizes, or competition/valuation concerns surface — all risks that could reverse recent profits quickly. Sandisk: The Storage Party May Be Coming To An End

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.