{
  "id": 18058160,
  "title": "Sandisk chief legal officer sells $694,956 in shares",
  "url": "https://urgent.news/2026/11/04/sandisk-chief-legal-officer-sells-694-956-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T02:45:57.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/sandisk-chief-legal-officer-sells-694956-in-shares-93CH-4997166"
  },
  "original_language": "en",
  "account": "Sandisk Corp's Chief Legal Officer, Bernard Shek, divested 600 shares of the company's common stock on November 2, 2026, totaling $694,956. The sale, executed under a pre-established Rule 10b5-1 trading plan, saw Shek sell the shares at $1,158.26 each. Post-trade, Shek holds 24,666 shares of Sandisk common stock. The insider sale occurred as SANDK stock was trading at $1,126.52, down around 20% over the past week, despite a strong 479% return over the past year. InvestingPro analysis suggests the stock is undervalued, featuring on the Most Undervalued list. For a more detailed valuation assessment, subscribers can access the Pro Research Report. Simultaneously, SanDisk reported a 23% sequential revenue increase, exceeding analyst expectations, and has forecast a 12% revenue growth to $12.4 billion in the December quarter, slightly below consensus estimates of $12.5 billion. Gross margins are projected to decline by around 10 basis points to about 85.0%. Analysts Rosenblatt and Mizuho have maintained Buy ratings on Sandisk, with price targets set at $2,400 and $1,900, respectively, citing margin concerns. Goldman Sachs and BofA Securities have reduced their price targets to $2,000, retaining Buy ratings focused on valuation. Market concerns about NAND flash memory prices, as warned by competitor Kioxia, add to the current landscape.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}