On August 7, 2024, Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the company's stock for $93.46 per share. The transaction was reported in a recent SEC filing. With this sale, the insider now owns 654,270 shares of the company's stock.
Seagate Technology Holdings PLC is a global leader in data storage solutions, developing great products that enable people and businesses around the world to create, share and preserve their most important memories and business data.
Over the past year, William Mosley has sold a total of 474,444 shares but has not bought any shares in the company. This recent transaction continues the trend seen over the past year, where Seagate Technology Holdings PLC has seen 25 insider sales and no insider purchases.
With a market capitalization of $20.24 billion, Seagate Technology Holdings Inc.'s stock is currently trading at a price-to-earnings ratio of 62.52, well above the industry average of 22.44, which indicates that the stock is overvalued relative to its peers.
According to GF Value, Seagate Technology Holdings PLC's intrinsic value is estimated to be $58.18 per share, making it appear significantly overvalued at its current price of $93.46 with a price-to-GF Value ratio of 1.61.
Insider selling: CEO William Mosley sold 20,000 shares of Seagate Technology Holdings PLC (STX) stock.
Insider selling: CEO William Mosley sold 20,000 shares of Seagate Technology Holdings PLC (STX) stock.
This valuation is based on historical trading multiples, such as price-to-sales multiple, price-to-book multiple and price-to-free cash flow multiple, adjusted for expected future performance.
Recent insider buying and selling activity and current stock valuation metrics provide important data points for investors monitoring Seagate Technology Holdings PLC's share price movements and insider activity.
This article written by GuruFocus is intended to provide general insights and is not tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment guidance. It is not a recommendation to buy or sell stocks, nor does it take into account individual investment objectives or financial situation. Our objective is to provide long-term, fundamental data-driven analysis. Please note that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus has no position in the stocks mentioned herein.
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