Seagate Technology (NASDAQ:STX) EVP James Ci Lee Sells 697 Shares

Key Points

• EVP James Ci Lee sold 697 shares for about $516,595 (avg $741.17), cutting his stake by 68.3% to 324 shares. The sale was disclosed in an SEC filing and executed under a pre‑arranged Rule 10b5‑1 trading plan.
• Seagate beat quarterly expectations with $4.10 EPS (vs. $3.51 est.) and revenue of $3.11B, up 44.1% year‑over‑year, and set Q4 2026 guidance of $4.80–5.20 EPS. Following the results, analysts raised price targets and ratings, helping push the stock near its 52‑week high and a consensus target of about $709.13.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 697 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $741.17, for a total value of $516,595.49. Following the transaction, the executive vice president owned 324 shares in the company, valued at approximately $240,139.08. This trade represents a 68.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Performance

STX stock traded up $15.41 during midday trading on Wednesday, hitting $786.42. 5,562,733 shares of the company traded hands, compared to its average volume of 4,267,818. Seagate Technology Holdings PLC has a twelve month low of $93.32 and a twelve month high of $792.01. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The business has a 50 day simple moving average of $461.42 and a 200-day simple moving average of $361.93. The stock has a market capitalization of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company posted $1.90 earnings per share. The company's revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology's dividend payout ratio is currently 28.08%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STX. Wedbush increased their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an "outperform" rating in a research report on Monday, April 27th. Bank of America increased their price objective on Seagate Technology from $700.00 to $840.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Wells Fargo & Company increased their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Seagate Technology from $525.00 to $775.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $709.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Beaumont Financial Advisors LLC lifted its position in Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider's stock worth $321,000 after purchasing an additional 17 shares during the period. Cornerstone Wealth Group LLC lifted its position in Seagate Technology by 0.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider's stock worth $1,388,000 after purchasing an additional 19 shares during the period. Gateway Investment Advisers LLC lifted its position in Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider's stock worth $385,000 after purchasing an additional 25 shares during the period. Trajan Wealth LLC lifted its position in Seagate Technology by 1.9% in the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider's stock worth $365,000 after purchasing an additional 25 shares during the period. Finally, TSG Advice Partners LLC lifted its position in Seagate Technology by 1.9% in the first quarter. TSG Advice Partners LLC now owns 1,448 shares of the data storage provider's stock worth $567,000 after purchasing an additional 27 shares during the period. 92.87% of the stock is owned by institutional investors.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate rolled out a new AI Storage Suite across Seagate, FireCuda and LaCie lines — high‑capacity (up to 256TB), Thunderbolt 5 support and creator/AI‑workflow features that reinforce Seagate’s TAM exposure to AI and content creation, supporting a premium valuation. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Wall Street coverage highlights momentum in STX — articles point to the company’s earnings beat, improving revenue mix and secular demand for storage tied to AI/datacenter as reasons for continued investor appetite. Seagate Stocks’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Momentum‑oriented research pieces (e.g., Zacks) are flagging STX as a high‑momentum name, which can attract trend‑following flows and ETFs. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX retreats, which benefits tech and cyclical names like Seagate and likely helped lift STX alongside sector peers. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Seagate will participate in upcoming investor events — increased management visibility can help sustain the rally if messaging reinforces demand trends and margin outlook. Seagate to Participate in Upcoming Investor Events
• Neutral Sentiment: Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct. 2026 — a governance change to watch but not an immediate operational issue. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Negative Sentiment: Several insiders sold stock this week under pre‑arranged 10b5‑1 plans: EVP John Christopher Morris sold 5,626 shares (~$4.15M) — a sizable single‑trade disposition that can signal executive profit‑taking despite being pre‑planned. Form 4 — John Christopher Morris
• Negative Sentiment: EVP James Ci Lee sold 697 shares (~$516K), reducing his stake by ~68% — another insider sale that contributes to supply into the market. Form 4 — James Ci Lee
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares (~$1.21M), a ~12.9% reduction in her holding — additional insider selling that could be read as portfolio rebalancing or profit‑taking. Form 4 — Stephanie Tilenius

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.

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