Sandisk (NASDAQ:SNDK) Shares Gap Up – Here’s Why

15 Dec 2025, 14:46 by Doug Wharley · The Cerbat Gem

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $206.18, but opened at $214.45. Sandisk shares last traded at $205.62, with a volume of 3,633,072 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target for the company. The Goldman Sachs Group upped their price target on Sandisk from $55.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research report on Monday, December 8th. Finally, Sanford C. Bernstein upgraded shares of Sandisk to a “strong-buy” rating in a research note on Tuesday, September 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sandisk currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

View Our Latest Research Report on SNDK

Sandisk Stock Down 1.1%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29. The stock has a market cap of $29.87 billion and a PE ratio of 637.03. The company’s 50-day moving average price is $197.54 and its 200 day moving average price is $105.64.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Buying and Selling at Sandisk

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 completion of the sale, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sandisk

Several large investors have recently made changes to their positions in SNDK. Allworth Financial LP bought a new stake in Sandisk during the 3rd quarter valued at approximately $275,000. IFP Advisors Inc bought a new stake in shares of Sandisk during the third quarter valued at approximately $112,000. Swiss Life Asset Management Ltd lifted its holdings in shares of Sandisk by 27.6% in the third quarter. Swiss Life Asset Management Ltd now owns 6,090 shares of the data storage provider’s stock worth $683,000 after buying an additional 1,318 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Sandisk during the third quarter worth $241,000. Finally, Cantor Fitzgerald L. P. bought a new stake in Sandisk in the 3rd quarter valued at $2,466,000.

About Sandisk

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