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

Seagate Technology Holdings PLC (NASDAQ:STX) shares gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $850.00, but opened at $818.60. Seagate Technology shares last traded at $781.7910, with a volume of 467,083 shares traded.

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

Analyst Upgrades and Downgrades

STX has been the subject of several analyst reports. UBS Group boosted their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Argus boosted their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate was highlighted as a momentum stock to buy alongside Western Digital and Dell. The Driehaus strategy cited strong earnings performance and favorable price trends, reinforcing the bullish artificial-intelligence and data-storage investment case. Seagate and momentum stocks article
• Positive Sentiment: Wall Street maintains a favorable view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of approximately $986. Recent target increases from Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald point to continued optimism about storage demand and earnings growth. Seagate analyst recommendation article
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $5.71 versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion. Revenue increased 48.5% year over year, and fiscal first-quarter 2027 guidance calls for EPS of $7.10 to $7.50.
• Neutral Sentiment: Reported short interest was listed as zero shares with a zero-day days-to-cover ratio. Because the figures include an implausible “NaN” change, the data may reflect a reporting issue rather than a meaningful shift in bearish positioning.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized, representing a yield of about 0.4%. The payout provides modest shareholder income but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. The transactions totaled roughly $38 million and reduced some individual holdings significantly. Several sales were made under Rule 10b5-1 plans, which lessens their value as discretionary bearish signals but may still weigh on investor sentiment.
• Negative Sentiment: STX was pressured by a wider technology-sector selloff. Its high beta of 2.06 and elevated valuation make the shares particularly sensitive to risk reduction, profit-taking and concerns about an AI-related hardware reset. Seagate sector weakness article

Seagate Technology Stock Performance

The company has a market cap of $186.23 billion, a price-to-earnings ratio of 59.20 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average price is $884.55 and its 200 day moving average price is $688.66.

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

Seagate Technology Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is currently 21.33%.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Seagate Technology by 102,975.8% during the second quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider’s stock valued at $305,658,775,000 after acquiring an additional 316,437,552 shares during the period. State Street Corp lifted its stake in shares of Seagate Technology by 1.0% in the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after purchasing an additional 94,527 shares in the last quarter. Morgan Stanley lifted its stake in shares of Seagate Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after purchasing an additional 258,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Seagate Technology by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after purchasing an additional 234,436 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after purchasing an additional 243,551 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.