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Seagate Technology Holdings PLC (NASDAQ:STX) CEO William D. Mosley sold 19,607 ordinary shares of the company on December 1, 2025, for approximately $5.42 million. The transaction comes as the storage giant’s stock has delivered an impressive 168% return over the past year, with shares currently trading at $266.71. InvestingPro analysis indicates the company is slightly overvalued relative to its Fair Value.
The shares were sold in multiple transactions with prices ranging from $267.2688 to $274.89. Following the transactions, Mosley directly owns 445,668 shares of Seagate Technology Holdings PLC, representing a significant stake in the company, which currently maintains a market capitalization of approximately $58 billion.
The sales were executed under a Rule 10b5-1 trading plan adopted on February 20, 2025. Seagate, a prominent player in the Technology Hardware, Storage & Peripherals industry, has maintained dividend payments for 15 consecutive years with a current yield of 1.1%. InvestingPro has identified 15 additional investment tips for Seagate and offers a comprehensive Pro Research Report with actionable intelligence on this and 1,400+ other US equities.
In other recent news, Seagate Technology has completed a significant financial maneuver involving the exchange of $500 million in senior notes. The transaction, which concluded on November 12, resulted in Seagate exchanging the notes for approximately $503.4 million in cash and about 4.3 million ordinary shares. This development follows Seagate’s announcement of the exchange agreements with note holders. Additionally, several financial firms have adjusted their price targets for Seagate, reflecting positive sentiment towards the company’s outlook. BofA Securities raised its price target to $320, citing a favorable supply and demand balance in the hard disk drive industry. Similarly, TD Cowen increased its target to $340, maintaining a Buy rating, while Cantor Fitzgerald elevated its target to $400, highlighting the HDD oligopoly dynamics. These adjustments suggest confidence in Seagate’s strategic positioning and market conditions.
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