New insider activity at Seagate Tech ( (STX) ) has taken place on February 3, 2026.
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Seagate Tech’s CEO, William Mosley, has executed a significant stock sale, offloading 19,900 shares of the company. The transaction, valued at $8,545,154, represents a notable cash realization by the chief executive and may draw attention from investors tracking insider activity and executive confidence in the firm’s future prospects.
Recent Updates on STX stock
Seagate Technology’s shares rallied over the last day as multiple analysts lifted price targets after the Q2 call highlighted record cloud-driven exabyte shipments, tighter nearline HDD supply, and the accelerating HAMR roadmap—which together signal durable pricing power and margin expansion. Analysts cited the 22% revenue rebound, 42% gross margin, and Mozaic HAMR qualifications across major U.S. hyperscalers as reasons the company can sustain high operating leverage even with capacity fully allocated through 2026. They also pointed to management’s guidance for sequential revenue/EPS gains and expanding free cash flow, arguing that strong AI-related storage demand and disciplined capex-debt reduction justify higher valuation assumptions despite lingering risks from customer concentration and post-2026 pricing uncertainty. Options markets are bracing for a nearly 10% post-earnings move, underscoring investor focus on whether the tight-supply narrative and HAMR ramp continue to support the stock’s momentum.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Outperform.
STX scores well primarily on improving fundamentals and a very positive earnings outlook (strong guidance, margins, and free cash flow). The main offsets are balance-sheet risk from thin/negative equity history, a technically overbought setup that can raise near-term volatility, and a relatively expensive valuation (high P/E with modest yield).
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
YTD Price Performance: 57.21%
Average Trading Volume: 4,280,708
Technical Sentiment Signal: Buy
Current Market Cap: $87.07B