On September 3, 2024, William Mosley, CEO of Seagate Technology Holdings PLC (STX, Financial), executed a sale of 20,000 shares of the company at a price of $97.18 per share. This transaction was reported through an SEC Filing. Following this sale, the insider now owns 634,270 shares of Seagate Technology Holdings PLC.
Seagate Technology Holdings PLC is a global leader in data storage solutions, developing amazing products that enable people and businesses around the world to create, share and preserve their most critical memories and business data.
Over the past year, William Mosley has sold a total of 195,584 shares and has not made any purchases of the company's stock. The broader insider transaction trend at Seagate Technology Holdings PLC shows a total of 27 insider sales and no insider buys over the past year.
The shares of Seagate Technology Holdings PLC were trading at $97.18 on the day of the sale, giving the company a market cap of approximately $21.23 billion. The price-earnings ratio of the company stands at 65.46, which is significantly higher than both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of Seagate Technology Holdings PLC's stock is estimated at $59.58, suggesting that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.63.
This sale by the insider could be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
