Sandisk chairman & CEO David Goeckeler sells $51.7m in stock
David Goeckeler, CEO of Sandisk Corp. (NASDAQ:SNDK), transferred $51.7 million worth of common stock on September 14, 2026. The sale included 33,838 shares, priced between $1,521.85 and $1,541.89 each. This move was made under a pre-approved Rule 10b5-1 trading plan, adopted by Mr. Goeckeler on May 29, 2026. Despite a recent 10% decline in stock value over the past week, the shares have still increased by 1,518% over the past year.
After these transactions, Mr. Goeckeler still holds 413,410 shares of Sandisk common stock. Analysts report that the stock is trading below its Fair Value, indicating potential for further appreciation. SanDisk Corporation has recently been rated Ba1 by Moody’s for its strong financial performance and projected growth, particularly in areas like AI-related data center spending.
Other financial institutions have also raised their price targets and reiterated positive ratings for the company, citing strong long-term growth prospects and robust margins.
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