Seagate Technology (NASDAQ:STX) Trading Down 3.7% Following Insider Selling

Key Points

• Seagate shares fell about 3.7% after CEO William Mosley, CFO Gianluca Romano and other executives disclosed roughly $4.7 million in stock sales. The sales were small relative to their remaining holdings but may increase short-term investor caution.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $986. The outlook is supported by cloud-storage demand, AI workloads and Seagate’s HAMR technology, though recent gains and valuation have heightened profit-taking risk.
• Seagate’s latest quarter exceeded expectations, with EPS of $5.71 versus the $5.10 consensus and revenue up 48.5% year over year to $3.63 billion. The company also guided to fiscal Q1 2027 EPS of $7.10–$7.50 and declared a quarterly dividend of $0.74 per share.

Shares of Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) fell 3.7% during mid-day trading on Friday following insider selling activity. The company traded as low as $817.69 and last traded at $830.17. Approximately 3,601,169 shares were traded during mid-day trading, a decline of 17% from the average session volume of 4,334,879 shares. The stock had previously closed at $862.33.

Specifically, CEO William D. Mosley sold 2,849 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $862.13, for a total value of $2,456,208.37. Following the completion of the transaction, the chief executive officer directly owned 296,449 shares of the company's stock, valued at approximately $255,577,576.37. This represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gianluca Romano sold 1,348 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $862.13, for a total value of $1,162,151.24. Following the completion of the transaction, the chief financial officer owned 28,930 shares in the company, valued at $24,941,420.90. The trade was a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, EVP John Morris sold 572 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36. Following the completion of the sale, the executive vice president owned 15,707 shares of the company's stock, valued at $13,541,475.91. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Argus raised their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Bank of America upped their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Morgan Stanley raised their target price 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. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given 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 price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
• Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
• Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What's Going On?
• Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings

Seagate Technology Stock Down 3.8%

The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The business's 50 day simple moving average is $848.58 and its 200 day simple moving average is $724.71. The company has a market capitalization of $188.67 billion, a PE ratio of 59.78 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business's revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology's dividend payout ratio is currently 21.33%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of Seagate Technology by 85.9% during the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider's stock worth $8,637,000 after purchasing an additional 10,190 shares during the period. GLOBALT Investments LLC GA increased its stake in Seagate Technology by 820.8% in the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider's stock valued at $2,688,000 after buying an additional 8,700 shares during the period. Tredje AP fonden raised its position in Seagate Technology by 446.6% during the 4th quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider's stock worth $30,662,000 after buying an additional 90,968 shares during the last quarter. USA Financial Formulas purchased a new position in Seagate Technology during the 1st quarter worth $1,328,000. Finally, Profund Advisors LLC lifted its stake in shares of Seagate Technology by 458.6% in the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider's stock worth $5,585,000 after acquiring an additional 16,651 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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