Seagate Technology (NASDAQ:STX) Shares Down 4.2% After Insider Selling

Posted by Francis Steltz on Sep 15th, 2026

Shares of Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) dropped 4.2% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $758.35 and last traded at $771.81. Approximately 4,001,124 shares changed hands during trading, a decline of 8% from the average daily volume of 4,336,620 shares. The stock had previously closed at $805.55.

Specifically, CEO William D. Mosley sold 1,870 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $781.23, for a total transaction of $1,460,900.10. Following the completion of the sale, the chief executive officer directly owned 298,998 shares in the company, valued at approximately $233,586,207.54. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 45,898 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $830.01, for a total transaction of $38,095,798.98. Following the completion of the transaction, the chief financial officer owned 34,220 shares of the company’s stock, valued at approximately $28,402,942.20. The trade was a 57.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Seagate Technology news, CFO Gianluca Romano sold 955 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $781.24, for a total transaction of $746,084.20. Following the sale, the chief financial officer directly owned 30,360 shares in the company, valued at approximately $23,718,446.40. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STX shares. Wells Fargo & Company boosted their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Susquehanna lifted their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Citigroup upped their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Check Out Our Latest Report on STX

More Seagate Technology News

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

Positive Sentiment: Fidelity’s Dividend Growth Fund identified Seagate as a primary beneficiary of AI-driven hard-disk-drive demand. The investment case centers on rising data-storage requirements, strong nearline demand and Seagate’s exposure to hyperscale customers. Seagate Technology Primary Beneficiary of AI Driven HDD Demand
Positive Sentiment: Seagate’s research found that 99% of organizations expect AI to increase storage needs, while only 38% say they are fully prepared. The findings support a long-term growth narrative for hard drives and enterprise storage infrastructure. Global Seagate Research Finds AI Will Increase Storage Requirements
Positive Sentiment: Recent coverage says Seagate is shipping next-generation HAMR drives into hyperscale contracts, while nearline capacity is reportedly committed through 2027. That execution could strengthen its position versus Western Digital in AI-related storage. Seagate Versus Western Digital on AI Storage Demand
Neutral Sentiment: Seagate’s Edge IoT revenue rose 20% year over year in fiscal fourth quarter, but analysts warn that seasonality, SSD displacement and competition could limit the business’s growth momentum. Seagate Edge IoT Business Growth
Negative Sentiment: Investors are questioning whether STX can sustain its rapid gains at a high valuation, particularly after reports that its CEO, CFO and CTO have sold shares. An executive sale totaling about $493,000 adds to governance and sentiment concerns. Seagate Insider Selling
Negative Sentiment: A broader decline in AI-linked stocks followed calls from major AI executives for a more deliberate pace of frontier-model development, raising concerns about the timing of AI infrastructure spending. Seagate was pressured alongside Western Digital and other technology names. AI-Linked Stocks Fall

Seagate Technology Stock Down 4.2%

The company has a market cap of $175.50 billion, a P/E ratio of 55.61 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $847.53 and a 200 day moving average of $730.58.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research 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 of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Institutional Trading of Seagate Technology

Large investors have recently added to or reduced their stakes in the business. Bouchey Financial Group Ltd. bought a new position in Seagate Technology in the 2nd quarter worth $377,000. Miramontes Capital LLC bought a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $335,000. IPG Investment Advisors LLC increased its holdings in Seagate Technology by 16.0% in the 2nd quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock worth $997,000 after acquiring an additional 142 shares in the last quarter. MCF Advisors LLC increased its holdings in Seagate Technology by 97.1% in the 2nd quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock worth $196,000 after acquiring an additional 100 shares in the last quarter. Finally, Lotus Asset Management LLC bought a new stake in Seagate Technology during the 2nd quarter worth approximately $676,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Company Profile

(Get Free Report)

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.