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SanDisk CEO sells $104M in shares amid bullish Wall Street outlook for stock

Market News
22 Sep 2026
Finbold
View Source
Bullish
SanDisk CEO sells $104M in shares amid bullish Wall Street outlook for stock

SanDisk CEO David Goeckeler sold over 67,000 shares in September, raising more than $104 million from insider sales. Despite this significant insider selling, Wall Street analysts remain bullish on SanDisk stock, rating it a 'Strong Buy' with an average price target suggesting a 24% gain over the next year. The CEO's sales follow the company's recent spin-off from Western Digital, but experts do not see the insider activity as a bearish signal due to strict U.S. regulations on insider trading. Optimism is further supported by positive analyst revisions citing growth potential from AI-driven NAND Flash technology.

As of Sep 22, 2026 17:21 WIB, SanDisk (SNDK) trades at USD 1,769.14 on Pluang with a slight 1-day increase of 0.14%. The stock shows a balanced investor interest with 57% buy orders versus 43% sell orders. Despite the CEO's recent large insider sales, SanDisk maintains a strong market presence with a market cap of $258.67 billion.

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