Seagate Technology (STX) EVP James Ci Lee Sells $351K of Stock
Key Points
- James Ci Lee, Seagate's EVP & CLO, sold 547 shares on October 23, reducing his ownership by 34.55% to 1,036.75 shares.
- After the trade, James Ci Lee holds 1,037 $STX shares, down 34.55% from before the trade.
- Seagate Technology trades recently around $644.21, which is about 2.2% above its closing price of $630.49 on the day of the sale.
- Analysts have set a mean price target of $1,116.58 for Seagate, with a strong buy recommendation from 24 analysts.
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James Ci Lee, the Executive Vice President and Chief Legal Officer of Seagate Technology Holdings plc, sold 547 shares of the company on October 23, 2026. He executed the sale at a price of $642.14 per share, bringing in a total of $351,411.11. This sale reduced his stake by about 34.55%, leaving him with 1,036.75 shares after the transaction. The information comes from a Form 4 filing with the SEC.
STX
Seagate Technology Holdings plc
Inside James Ci Lee's Trade
Lee's recent sale reflects a significant change in his holdings. After this transaction, he now owns 1,036.75 shares of Seagate Technology. The decision to sell comes as the stock trades above its closing price of $630.49 on the same day, indicating a recent price increase of about 2.2% to $644.21 as of October 26, 2026.
Other Institutional Activity in Seagate Technology
WCM Investment Management, LLC increased its stake in Seagate by 973,679 shares, bringing its total holdings to 5,320,463 shares valued at approximately $3.43 billion. This change represents a 22.4% increase in their position since the last report.
Seagate Technology Holdings plc Stock Up 0.3%
Seagate shares are currently trading around $644.21, which is 2.2% above the closing price of $630.49 on October 23, 2026. However, the stock is still well below its 50-day moving average of $823.08 and its 52-week high of $1,145.00. This suggests that while there has been some recent strength, the stock remains under pressure compared to its longer-term performance.
Recent Earnings
Seagate reported trailing twelve-month revenue of $12.2 billion, with a net margin of 26.1%. The next earnings report is scheduled for October 27, 2026, which will provide further insights into the company's financial health.
Analysts Set New Price Targets
On October 20, 2026, Morgan Stanley maintained an Overweight rating on Seagate with a price target of $1,200. B of A Securities also reiterated its Buy rating on October 21, setting a target of $1,200. The consensus from analysts gives Seagate a strong buy recommendation with a mean price target of $1,116.58 based on 24 opinions.
About Seagate Technology
Seagate Technology Holdings plc specializes in data storage solutions. The company offers a wide range of products, including hard drives and solid-state drives, serving markets globally from its headquarters in Singapore. This recent insider activity comes as the company prepares to report its next earnings, which could influence future stock performance.
Bottom Line
Investors should keep an eye on Seagate's upcoming earnings report on October 27, 2026, as it may impact stock movement. With the recent insider sale and institutional activity, market watchers will be looking for any signs of changing sentiment around the stock.
Related Filing Alerts
Source: James Ci Lee's Form 4 filing on $STX (Oct 23, 2026). Written by software, not financial advice. How we make alerts