Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 20,000 Shares

April 3, 2026 by InsiderTrades.com

Key Points

William Mosley sold 20,000 shares under a pre-arranged Rule 10b5‑1 plan at an average price of $420.73 for about $8.41M, trimming his stake by 5.32% to 355,591 shares (≈$149.6M), per the SEC filing.
Seagate beat expectations with $3.11 EPS vs. $2.77 expected and $2.83B revenue (up 21.5% YoY), set Q3 2026 guidance of $3.20–$3.60, and carries a consensus analyst target of $461 with mostly positive ratings.
Stock context and risks: shares trade near recent highs (opened $429.36), Seagate pays a $0.74 quarterly dividend (0.7% yield), but valuation concerns have prompted a Zacks downgrade and some bearish commentary.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CEO William Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the transaction, the chief executive officer directly owned 355,591 shares of the company's stock, valued at approximately $149,607,801.43. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Price Performance

Analyst Optimism: MarketBeat's Most Upgraded Stocks of 2026

Shares of STX opened at $429.36 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The firm's 50-day simple moving average is $402.67 and its two-hundred day simple moving average is $312.36. The stock has a market cap of $93.63 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $2.03 earnings per share. The business's revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology's payout ratio is presently 33.48%.

Seagate Technology News Roundup

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

Positive Sentiment: Sanford C. Bernstein analyst expects STX shares to rise, which can drive bullish flows and sentiment. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
Positive Sentiment: Seeking Alpha reports HAMR (heat-assisted magnetic recording) has moved from roadmap to production, tightening supply for high‑capacity drives and supporting margin expansion and large hyperscaler commitments — a key fundamental driver for near‑term revenue and mix improvement. Seagate: HAMR Has Matured Into A Supply Story
Positive Sentiment: Market commentary highlights STX outperforming peers on a strong trading day, reinforcing momentum following recent quarterly beats and bullish coverage. Seagate Technology Holdings PLC stock outperforms competitors on strong trading day
Positive Sentiment: Bernstein commentary noted Seagate (and peers) offer entry points after volatility, supporting buying interest from value/momentum traders. Seagate, SanDisk, WDC provide entry points after TurboQuant prompts plunge: Bernstein
Neutral Sentiment: JPMorgan initiated coverage on STX (initiation may increase analyst visibility but tone wasn’t specified in the summary). JPMorgan Chase & Co. Initiates Coverage on Seagate Technology (NASDAQ:STX)
Neutral Sentiment: Macro/industry pieces on AI-driven NAND and data growth signal broader demand tailwinds for storage infrastructure — supportive for long-term demand but indirect for HDD near‑term pricing. Will Rising AI Storage Needs Fuel Micron's NAND Growth Through FY27?
Neutral Sentiment: CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5‑1 plan (disclosed to the SEC); planned insider sales are usually less alarming than ad‑hoc disposals. SEC filing: Mosley Form 4
Negative Sentiment: Zacks downgraded Seagate from "strong‑buy" to "hold," which can temper buy-side enthusiasm and weigh on sentiment. Zacks Downgrades Seagate
Negative Sentiment: A Seeking Alpha piece warns the company may be richly valued at current levels despite being a good business, highlighting valuation risk for near‑term investors. Seagate: Good Company, But I Don't Trust The Story At This Price

Analyst Upgrades and Downgrades

Tech Wreck or Valuation Reset? Rotating to Value in 2026

A number of equities research analysts have recently commented on the company. Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Citigroup lifted their price target on Seagate Technology from $460.00 to $480.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Mizuho increased their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 28th. Finally, Zacks Research cut shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a report on Monday. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus price target of $461.00.

Read Our Latest Report on STX

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STX. Gateway Investment Advisers LLC boosted its position in shares of Seagate Technology by 1.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider's stock valued at $385,000 after buying an additional 25 shares during the last quarter. Trajan Wealth LLC raised its position in Seagate Technology by 1.9% in the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider's stock worth $365,000 after buying an additional 25 shares during the last quarter. Fortis Capital Management LLC raised its position in Seagate Technology by 1.1% in the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider's stock worth $704,000 after buying an additional 27 shares during the last quarter. EWA LLC lifted its stake in Seagate Technology by 2.1% during the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider's stock valued at $377,000 after acquiring an additional 28 shares during the period. Finally, Icon Wealth Advisors LLC lifted its stake in Seagate Technology by 2.7% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider's stock valued at $292,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Company Profile

(Get Free Report)

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.