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

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) were down 6.5% on Monday after an insider sold shares in the company. The stock traded as low as $774.00 and last traded at $794.65. 3,118,753 shares traded hands during trading, a decline of 30% from the average session 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 company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $15,405,510.30. Following the sale, the chief executive officer owned 298,483 shares in the company, valued at $253,516,536.05. This represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gianluca Romano sold 9,076 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 28.30% decrease in their position. The SEC filing for this sale provides additional information. In related news, EVP James Ci Lee sold 3,939 shares of the stock in a transaction 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 sale, the executive vice president directly owned 1,191 shares of the company’s stock, valued at approximately $1,011,575.85. This represents a 76.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

A number of research analysts have weighed in on STX shares. JPMorgan Chase & Co. lifted their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen cut Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Argus upped their price target on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Morgan Stanley increased their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays raised their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

More Seagate Technology News

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

• Positive Sentiment: Seagate was highlighted as a leading momentum stock alongside Western Digital and Dell. The analysis cited strong earnings performance and an established upward trend, supporting the long-term AI and data-center storage investment case. Seagate and two momentum stocks article
• Positive Sentiment: Wall Street’s consensus view remains constructive, with Seagate rated “Moderate Buy.” Recent price-target increases from Barclays, Wells Fargo and Cantor Fitzgerald reinforce expectations for continued demand tied to high-capacity storage and AI infrastructure.
• Neutral Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded the $5.10 consensus estimate. Management guided to fiscal 2027 first-quarter EPS of $7.10 to $7.50, though the stock’s elevated valuation makes it sensitive to changes in growth expectations.
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure. However, the unusual figure may reflect a reporting or data issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Several executives sold shares recently, including the CEO, CFO and multiple executive vice presidents. Although some transactions were made under pre-arranged Rule 10b5-1 plans and the executives retained shares, the concentration of sales—worth tens of millions of dollars—may weigh on investor sentiment. Seagate insider selling report
• Negative Sentiment: Seagate’s recent decline has occurred amid broad technology-sector weakness. With a high beta and premium earnings multiple, STX may experience amplified selling when investors reduce exposure to high-growth or high-volatility technology stocks. Seagate slides amid technology-sector weakness

Seagate Technology Stock Performance

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

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

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given 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 is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in Seagate Technology by 102,975.8% in 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 purchasing an additional 316,437,552 shares during the period. State Street Corp grew its position in shares of Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley increased its stake in shares of Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after buying an additional 258,151 shares during the period. Geode Capital Management LLC lifted its stake in Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after acquiring an additional 234,436 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in 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 acquiring an additional 243,551 shares in the last quarter. 92.87% of the stock is 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.