Today, the Executive Chairman & COB of Seagate Tech (NASDAQ: STX), Stephen Luczo, sold shares of STX for $5.6M.
Following Stephen Luczo’s last STX Sell transaction on February 01, 2018, the stock climbed by 3.4%.
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Based on Seagate Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.8 billion and quarterly net profit of $381 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $194 million. STX’s market cap is $16.44B and the company has a P/E ratio of 20.02. Currently, Seagate Tech has an average volume of 1.25M.
13 different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold STX. Based on 17 analyst ratings, the analyst consensus is Hold with an average price target of $57.21, reflecting a 0.3% upside.
The insider sentiment on Seagate Tech has been negative according to 65 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. The company’s products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
