Seagate Tech Directors Make Significant Stock Sales!

New insider activity at Seagate Tech ( (STX) ) has taken place on June 6, 2025.

Director Michael R. Cannon has sold 24,190 shares of Seagate Tech stock, amounting to a total sale value of $2,878,610. Additionally, Director Stephanie Tilenius has sold 2,693 shares, with the transaction totaling $344,784.

Recent Updates on STX stock

In the last 24 hours, Seagate Technology has seen significant developments impacting its stock price. Analysts have raised their price targets for Seagate, citing promising growth prospects driven by AI demand and strategic initiatives. Mizuho increased its price target due to the company’s advancements in HAMR technology and market potential. Similarly, BofA raised its target, reflecting confidence in Seagate’s growth trajectory. BNP Paribas Exane upgraded Seagate to Neutral from Underperform, influenced by the company’s robust growth highlighted in recent earnings calls. Additionally, Seagate announced a $400M senior notes offering, which may influence its financial strategy moving forward. The stock also experienced bullish option flow, with a notable increase in call trading and implied volatility.

Spark’s Take on STX Stock

According to Spark, TipRanks’ AI Analyst, STX is a Neutral.

Seagate Tech’s overall stock score is driven by strong financial recovery and positive earnings outlook. While technical indicators suggest overbought conditions, the company’s strategic initiatives and share buyback program provide a strong foundation for future growth. High leverage remains a significant risk, requiring continued focus on debt reduction.

To see Spark’s full report on STX stock, click here.

More about Seagate Tech

YTD Price Performance: 49.16%

Average Trading Volume: 4,272,897

Technical Sentiment Signal: Buy

Current Market Cap: $27.09B