Seagate Technology (NASDAQ:STX) Shares Down 6.5% After Insider Selling

Seagate Technology Holdings PLC (NASDAQ:STX)’s share price dropped 6.5% during mid-day trading on Monday following insider selling activity. The stock traded as low as $774.00 and last traded at $794.65. Approximately 3,118,753 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 4,426,755 shares. The stock had previously closed at $850.00.

Specifically, CEO William D. Mosley sold 18,138 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $15,405,510.30. Following the transaction, the chief executive officer directly owned 298,483 shares in the company, valued at $253,516,536.05. The trade was a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gianluca Romano sold 9,076 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the sale, the chief financial officer directly owned 22,997 shares in the company, valued at $19,532,501.95. This represents a 28.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other news, EVP James Ci Lee sold 3,939 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $3,345,589.65. Following the completion of the sale, the executive vice president owned 1,191 shares of the company’s stock, valued at approximately $1,011,575.85. This trade represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STX. Bank of America boosted their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Rosenblatt Securities lifted their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology News Summary

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate was highlighted alongside Western Digital and Dell as a momentum stock with strong earnings performance and favorable price trends under the Driehaus investment strategy. Seagate and two momentum stocks article
• Positive Sentiment: Wall Street maintains a bullish view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of $986. Recent targets include $1,250 from Barclays, $1,180 from Wells Fargo and $1,300 from Cantor Fitzgerald. Seagate analyst recommendation article
• Positive Sentiment: The company’s latest quarterly results exceeded expectations: earnings per share reached $5.71 versus a $5.10 consensus estimate, while revenue increased 48.5% year over year to $3.63 billion. Management’s first-quarter fiscal 2027 EPS outlook of $7.10 to $7.50 also indicates continued operating momentum.
• Neutral Sentiment: Reported short interest was listed at zero shares, with zero days to cover. This appears to be a data-quality anomaly rather than a meaningful change in bearish positioning.
• Negative Sentiment: Several executives sold shares around $836 to $853, including CEO William Mosley, CFO Gianluca Romano and multiple executive vice presidents. The transactions totaled roughly $48 million across the reported filings and reduced some executives’ holdings materially. Several sales were made under pre-arranged Rule 10b5-1 plans, which limits their value as a discretionary signal, but the volume may still weigh on sentiment.
• Negative Sentiment: Seagate previously declined amid broader technology-sector weakness. With a beta of 2.06 and a comparatively high valuation, STX may remain sensitive to further selling in high-growth and AI-related technology stocks. Seagate technology sector weakness article

Seagate Technology Trading Up 3.4%

The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market cap of $186.23 billion, a price-to-earnings ratio of 59.20 and a beta of 2.06. The business’s fifty day moving average is $884.55 and its two-hundred day moving average is $688.66.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is 21.33%.

Hedge Funds Weigh In On Seagate Technology

Hedge funds have recently added to or reduced their stakes in the company. Advus Financial Partners LLC increased its position in Seagate Technology by 21.1% in the second quarter. Advus Financial Partners LLC now owns 2,059 shares of the data storage provider’s stock worth $1,987,000 after purchasing an additional 359 shares during the period. Groupe la Francaise lifted its position in Seagate Technology by 18,576.9% during the 2nd quarter. Groupe la Francaise now owns 4,856 shares of the data storage provider’s stock valued at $4,671,000 after purchasing an additional 4,830 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Seagate Technology during the 2nd quarter valued at about $117,903,000. Financial Insights Inc. bought a new position in shares of Seagate Technology in the 2nd quarter valued at about $706,000. Finally, California State Teachers Retirement System grew its position in shares of Seagate Technology by 102,975.8% during the 2nd quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider’s stock worth $305,658,775,000 after buying an additional 316,437,552 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.