On September 26, 2024, Ban Teh, Executive Vice President and Chief Commercial Officer of Seagate Technology Holdings PLC (STX, Financial), sold 4,872 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 9,969 shares of Seagate Technology Holdings PLC.
Seagate Technology Holdings PLC is a global leader in data storage solutions, providing products and services to help people and businesses around the world store, access, and manage information.
Over the past year, Ban Teh has sold a total of 58,434 shares and has not purchased any shares. This recent sale is part of a broader trend within the company, where there have been 30 insider sells and no insider buys over the past year.
Shares of Seagate Technology Holdings PLC were trading at $110 on the day of the sale, giving the company a market cap of approximately $22.89 billion. The price-earnings ratio of the company stands at 70.61, significantly higher than the industry median of 22.145.
The stock is currently considered Significantly Overvalued according to the GuruFocus Value, with a price-to-GF-Value ratio of 1.81. The GF Value of $60.75 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
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.
