Seagate shares slide ahead of after-hours earnings as investors lock in gains

Seagate Technology Holdings plc (STX) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline looks most consistent with pre-earnings de-risking and profit-taking after a sharp 2026 rally that has left expectations (and valuation) high going into tonight’s report. With results due after the close, even a small shift toward “wait-and-see” positioning can push the stock lower on elevated volatility.

Details:

Seagate is scheduled to report fiscal third-quarter 2026 financial results after the U.S. market close today, with a management call slated for 5:00 p.m. ET.

In the days leading up to earnings, several market previews highlighted that consensus expectations for growth are strong, increasing the risk of a negative reaction if guidance is merely in line.

Recent commentary around the storage “AI infrastructure” trade has emphasized that a meaningful portion of the bullish narrative may already be reflected in the share price, which can encourage short-term traders to trim exposure ahead of the print.

This could also be amplified by options-related positioning into the event window, where hedging flows sometimes pressure shares ahead of after-hours releases.

Sources:

Business Wire, Barchart, RTT News, TIKR

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$STX Insider Trading Activity

$STX insiders have traded $STX stock on the open market 140 times in the past 6 months. Of those trades, 0 have been purchases and 140 have been sales.

Here’s a breakdown of recent trading of $STX stock by insiders over the last 6 months:

WILLIAM D MOSLEY (CEO) has made 0 purchases and 90 sales selling 144,584 shares for an estimated $51,083,577.
GIANLUCA ROMANO (EVP & CFO) has made 0 purchases and 30 sales selling 62,023 shares for an estimated $17,538,753.
BAN SENG TEH (EVP & Chief Commercial Officer) has made 0 purchases and 7 sales selling 31,029 shares for an estimated $11,977,419.
KIAN FATT CHONG (EVP Global Operations) has made 0 purchases and 2 sales selling 12,924 shares for an estimated $4,360,949.
SHANKAR ARUMUGAVELU sold 5,000 shares for an estimated $1,472,825
JAY L GELDMACHER has made 0 purchases and 2 sales selling 2,175 shares for an estimated $750,798.
STEPHANIE TILENIUS sold 2,046 shares for an estimated $545,084
YOLANDA LEE CONYERS has made 0 purchases and 2 sales selling 1,500 shares for an estimated $499,875.
JAMES CI LEE (EVP & CLO) has made 0 purchases and 2 sales selling 1,370 shares for an estimated $436,195.
JOHN CHRISTOPHER MORRIS (EVP & CTO) has made 0 purchases and 3 sales selling 465 shares for an estimated $173,656.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$STX Hedge Fund Activity

We have seen 668 institutional investors add shares of $STX stock to their portfolio, and 525 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO removed 6,934,821 shares (-49.8%) from their portfolio in Q4 2025, for an estimated $1,909,780,355
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 4,426,486 shares (+447.2%) to their portfolio in Q4 2025, for an estimated $1,219,009,979
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,341,928 shares (-74.6%) from their portfolio in Q4 2025, for an estimated $1,195,723,551
FRANKLIN RESOURCES INC removed 4,041,090 shares (-50.1%) from their portfolio in Q4 2025, for an estimated $1,112,875,775
BANK OF AMERICA CORP /DE/ removed 3,309,305 shares (-43.6%) from their portfolio in Q4 2025, for an estimated $911,349,503
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,883,769 shares (+1510.1%) to their portfolio in Q4 2025, for an estimated $518,771,144
FMR LLC added 1,778,433 shares (+89.8%) to their portfolio in Q4 2025, for an estimated $489,762,663

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$STX Congressional Stock Trading

Members of Congress have traded $STX stock 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $STX stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 12/18, 11/13.
REPRESENTATIVE KEVIN HERN sold up to $50,000 on 10/28.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$STX Analyst Ratings

Wall Street analysts have issued reports on $STX in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 01/28/2026
Morgan Stanley issued a "Overweight" rating on 01/22/2026
B of A Securities issued a "Buy" rating on 01/20/2026
Citigroup issued a "Buy" rating on 01/20/2026
China Renaissance issued a "Buy" rating on 12/05/2025
Loop Capital issued a "Buy" rating on 11/10/2025

To track analyst ratings and price targets for $STX, check out Quiver Quantitative's $STX forecast page.

$STX Price Targets

Multiple analysts have issued price targets for $STX recently. We have seen 16 analysts offer price targets for $STX in the last 6 months, with a median target of $510.0.

Here are some recent targets:

Wamsi Mohan from B of A Securities set a target price of $700.0 on 04/27/2026
Tom O'Malley from Barclays set a target price of $625.0 on 04/22/2026
Timothy Arcuri from UBS set a target price of $515.0 on 04/21/2026
Samik Chatterjee from JP Morgan set a target price of $600.0 on 04/16/2026
Asiya Merchant from Citigroup set a target price of $595.0 on 04/13/2026
Erik Woodring from Morgan Stanley set a target price of $582.0 on 04/06/2026
Mark Newman from Bernstein set a target price of $620.0 on 03/31/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.