TLDR
- SanDisk CTO Alper Ilkbahar sold approximately $7.9 million in stock on September 3, 2026
- Sales were made under a pre-arranged Rule 10b5-1 trading plan adopted June 4, 2026
- SNDK stock has surged over 2,000% in the past year, currently trading around $1,738
- Following the transactions, Ilkbahar directly holds 40,490 to 44,134 shares
- Analysts remain bullish, with Goldman Sachs holding a Buy rating and $2,200 price target
SanDisk Corp’s (SNDK) Chief Technology Officer Alper Ilkbahar sold roughly $7.9 million worth of stock on September 3, 2026, according to recent SEC filings. SNDK is currently trading around $1,738.
The sales were split across two filings. One showed 400 stock sold for approximately $625,557, while a separate filing covered 4,732 stock sold for around $7.26 million at prices ranging from $1,513.23 to $1,558.90 per share.
An additional 3,244 stock, worth roughly $5 million, were withheld to cover tax obligations tied to vesting. That portion was not an open market sale.
The timing draws attention given SNDK’s extraordinary run over the past 12 months, with the stock up more than 2,000%.
However, the sales were conducted under a Rule 10b5-1 trading plan, which Ilkbahar adopted on June 4, 2026. These plans are pre-scheduled in advance, meaning the sales were not made in response to current market conditions or inside knowledge.
Following the transactions, Ilkbahar directly holds approximately 40,490 shares of SanDisk common stock.
Analyst Targets Remain High
Wall Street has not pulled back on its enthusiasm for SNDK. Goldman Sachs reiterated a Buy rating with a $2,200 price target, noting that SanDisk’s long-term financial guidance came in ahead of investor expectations.
Mizuho also reiterated an Outperform rating, setting a $1,900 price target after SanDisk unveiled new technology designed to deliver high bandwidth at lower cost.
RBC Capital raised its price target to $1,600 while keeping a Sector Perform rating, following SanDisk’s long-term growth and margin target presentations.
Argus upgraded the stock from Hold to Buy, pointing to strong fundamentals and a positive outlook heading into fiscal year 2027.
Strong Balance Sheet Backs the Moves
Moody’s recently upgraded SanDisk’s corporate family rating to Ba1 from Ba2. The ratings agency pointed to the elimination of funded debt and the company’s solid financial performance as key reasons.
SanDisk currently carries zero reported debt and holds $4.8 billion in cash reserves.
InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value, even after its massive run.
The next milestone for investors will be whether earnings results and memory pricing trends can continue to support the stock’s current valuation.
Goldman Sachs’s $2,200 price target represents roughly a 27% premium to the current trading price of $1,738.
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