New insider activity at Seagate Tech ( (STX) ) has taken place on November 3, 2025.
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Director Jay Geldmacher has sold 1,250 shares of Seagate Tech stock, amounting to $336,375. Meanwhile, EVP Global Operations Kian Fatt Chong has sold 7,078 shares, totaling $1,926,206.
Recent Updates on STX stock
Seagate Technology has recently experienced significant positive developments, as reflected in its Q1 earnings call. The company reported a 21% year-over-year revenue increase to $2.63 billion, driven by strong demand for its high-capacity storage products, particularly in the data center segment. This growth was supported by advancements in HAMR technology and strategic management, which contributed to a record non-GAAP gross margin of 40.1%. Analysts have raised Seagate’s price targets due to its robust financial performance and strategic positioning, despite some concerns about supply constraints and potential seasonal weaknesses. The company’s positive financial outlook, including a projected non-GAAP EPS of $2.75 for the next quarter, further underscores its confidence in sustaining growth. Additionally, Seagate announced a 3% increase in its quarterly dividend, reflecting its strong financial health and commitment to shareholder value.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Neutral.
Seagate Technology’s overall stock score is driven by strong earnings call performance and positive technical indicators, reflecting growth potential. However, financial risks due to high leverage and a high P/E ratio suggest caution. The company’s strategic focus on HAMR technology and data center demand supports a positive outlook, but financial stability remains a concern.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
YTD Price Performance: 201.43%
Average Trading Volume: 4,124,456
Technical Sentiment Signal: Buy
Current Market Cap: $54.49B