Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 9,324 Shares

Key Points

• Cynthia Tregillis sold 9,324 WDC shares on March 4 at an average $268.27 for about $2.50M, trimming her stake by 7.12% to 121,682 shares (SEC filing disclosed).
• Western Digital reported a quarterly beat (EPS $2.13 vs $1.93) and 25.2% revenue growth to $3.02B, while analysts have raised targets (several to $306–$325) and the consensus rating is a Moderate Buy with an average target of $265.58.
• The company declared a quarterly dividend of $0.125 (annual $0.50, yield ~0.2%, ex-dividend March 5) and has high institutional ownership (~92.5%), though headlines note both bullish AI-driven demand and cyclical/insider-selling risks.

Western Digital Corporation (NASDAQ:WDC - Get Free Report) insider Cynthia Tregillis sold 9,324 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Western Digital Stock Performance

NASDAQ WDC traded down $2.27 on Thursday, hitting $259.03. 6,283,072 shares of the company's stock were exchanged, compared to its average volume of 9,433,089. The firm's 50-day moving average price is $245.11 and its two-hundred day moving average price is $170.68. The firm has a market cap of $87.82 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $309.90.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm earned $1.77 EPS. The company's revenue for the quarter was up 25.2% on a year-over-year basis. On average, research analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital's payout ratio is 5.02%.

Analysts Set New Price Targets

Several equities analysts recently commented on WDC shares. Morgan Stanley upped their target price on Western Digital from $260.00 to $306.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Cantor Fitzgerald upped their price objective on shares of Western Digital to $325.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Wall Street Zen lowered shares of Western Digital from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. New Street Research set a $250.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. Finally, TD Cowen upped their price target on shares of Western Digital from $200.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Western Digital presently has a consensus rating of "Moderate Buy" and an average price target of $265.58.

Trending Headlines about Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Investor bullishness on AI-driven, high-capacity nearline storage: multiple reports highlight that AI video and cloud AI workloads are materially increasing demand for HDD capacity and that WDC has strong visibility into hyperscaler bookings and sold-out 2026 capacity. Western Digital: AI's Unsung Storage Backbone
• Positive Sentiment: Favorable analyst and ranking momentum: coverage has tilted bullish with many buy/overweight ratings and high multi-hundred dollar price targets, and Zacks lists WDC among top AI-related names — supporting longer-term re-rating narratives. 3 Red Hot AI Stocks Sporting Favorable Zacks Ranks: SNDK, WDC, TER
• Positive Sentiment: Balance-sheet and strategic simplification: after spinning off its flash business, WDC redeemed senior notes, simplified capital structure, and refocused product branding (G-DRIVE) — moves that reduce leverage and clarify the company's standalone HDD story. Western Digital Refines Capital Structure And Brand Focus After Spin Off
• Neutral Sentiment: Valuation reassessment amid volatility: some investors are re-checking WDC’s valuation after big recent swings — positive revenue/net-income trends are balanced against a higher price multiple and elevated expectations for AI storage growth. Western Digital (WDC) Valuation Check After Recent Share Price Volatility And AI Storage Growth Expectations
• Neutral Sentiment: Peer-comparison and sector flow: articles comparing WDC to Seagate note both names were swung by the sector sell-off and subsequent bounce — positioning versus peers will matter for relative performance. Western Digital vs Seagate After the Sell-Off: One Storage Rival Is a Clear Winner
• Negative Sentiment: Cyclical and macro risk warnings: analysts and commentary caution that storage is cyclical — sell-offs tied to macro/geopolitical shocks (e.g., Iran-related risk) can quickly reverse sentiment even when demand fundamentals look strong. Western Digital: Don't Get Fooled By The Cycle
• Negative Sentiment: Insider selling and concentrated flows: reporting shows substantial insider sales and mixed institutional repositioning, which can sap confidence during pullbacks. Western Digital (WDC) jumps 8% as investors refocus on AI-driven storage demand after recent pullback

Institutional Trading of Western Digital

Several institutional investors have recently added to or reduced their stakes in WDC. Vanguard Group Inc. increased its position in Western Digital by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider's stock worth $5,196,484,000 after buying an additional 243,177 shares during the period. Geode Capital Management LLC grew its stake in shares of Western Digital by 2.0% in the second quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider's stock worth $593,045,000 after purchasing an additional 186,030 shares in the last quarter. WCM Investment Management LLC acquired a new stake in Western Digital in the third quarter worth about $791,317,000. Holocene Advisors LP lifted its stake in shares of Western Digital by 8.5% in the 2nd quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider's stock worth $354,247,000 after acquiring an additional 431,419 shares during the period. Finally, Norges Bank acquired a new stake in Western Digital in the fourth quarter worth approximately $788,729,000. Institutional investors own 92.51% of the company's stock.

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.

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