New insider activity at Seagate Tech ( (STX) ) has taken place on August 12, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ban Seng Teh, the Executive Vice President and Chief Commercial Officer of Seagate Technology, recently sold 1,724 shares of the company’s stock, amounting to a total transaction value of $261,375.
Recent Updates on STX stock
Seagate Technology recently reported strong fiscal 2025 results, with a 30% year-over-year revenue increase for the fourth quarter and a significant rise in earnings per share. The company highlighted advancements in HAMR technology and robust demand from cloud customers. Despite challenges like the global minimum tax and production capacity allocation, Seagate remains optimistic about future growth, particularly in the cloud and edge markets. Cantor Fitzgerald upgraded Seagate to Overweight, citing post-earnings selloff and potential upside, despite weaker than expected September quarter guidance. The stock experienced a 6% decline in premarket trading. Analysts are optimistic about Seagate’s long-term growth prospects, driven by its technological advancements and strategic focus on high-capacity drives.
Spark’s Take on STX Stock
According to Spark, TipRanks’ AI Analyst, STX is a Outperform.
Seagate Tech demonstrates strong financial recovery and technical momentum, underpinned by strategic advancements in technology and shareholder-friendly actions like buybacks. However, financial risks due to high leverage need ongoing management.
To see Spark’s full report on STX stock, click here.
More about Seagate Tech
YTD Price Performance: 78.12%
Average Trading Volume: 4,234,444
Technical Sentiment Signal: Buy
Current Market Cap: $32.26B