Seagate’s EVP & CTO Morris sells $79,645 in shares

John Christopher Morris, Executive Vice President and Chief Technology Officer of Seagate Technology Holdings PLC (NASDAQ:STX), sold 377 ordinary shares of the company on September 16, 2025, at a price of $211.26, for a total value of $79,645. The transaction comes as Seagate’s stock trades near its 52-week high of $215.20, having delivered an impressive 136% return over the past six months. According to InvestingPro analysis, the company maintains a "GREAT" financial health score of 3.16 out of 5.

Following the transaction, Morris directly owns 13,238 ordinary shares of Seagate Technology Holdings PLC. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 1, 2025. With a market capitalization of $45.4 billion, Seagate currently appears overvalued according to InvestingPro’s Fair Value model. Investors can access detailed insider trading patterns and 14 additional ProTips about Seagate through InvestingPro’s comprehensive research reports.

In other recent news, Seagate Technology has announced a significant investment of £100 million in Northern Ireland to advance its nanophotonic innovations for next-generation hard drives. This initiative, supported by an additional £15 million from Invest NI, aims to develop Seagate’s Mozaic 6+ technology, addressing the rising global storage demands. On the analyst front, Bernstein SocGen Group initiated coverage on Seagate with an Outperform rating, highlighting the company’s leadership in Heat-Assisted Magnetic Recording (HAMR) technology. Meanwhile, Cantor Fitzgerald has reiterated its Overweight rating on Seagate, emphasizing the company’s strong performance in the market.

In other developments, Seagate appointed Thomas Szlosek, AutoNation’s CFO, to its Board of Directors, effective August 23, 2025. Szlosek will also join the Board’s Audit and Finance Committee. In a related industry move, Morgan Stanley has shifted its top pick in the storage sector from Seagate to Western Digital, raising Western Digital’s price target to $99. These recent developments reflect ongoing strategic and operational shifts within Seagate Technology and the broader data storage sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.