New insider activity at Seagate Tech ( (STX) ) has taken place on June 5, 2025.
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EVP & CCO Ban Seng Teh recently executed a significant transaction by selling 74,727 shares of Seagate Tech stock, amounting to a total value of $9,284,330.
Recent Updates on STX stock
Seagate Technology has seen a series of positive developments leading to recent price target adjustments. Mizuho and BofA have raised their price targets for Seagate, citing promising growth driven by AI demand and strategic initiatives. Additionally, BNP Paribas Exane upgraded Seagate to Neutral from Underperform, reflecting a more optimistic outlook. The company also announced a $400M senior notes offering, which may support its growth initiatives. These factors, combined with advancements in HAMR technology and a robust earnings call, have contributed to a positive sentiment around Seagate’s stock.
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: 49.09%
Average Trading Volume: 4,280,945
Technical Sentiment Signal: Buy
Current Market Cap: $26.15B
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