Seagate Technology EVP John Morris Buys Shares
John Morris, Seagate's EVP & CTO, acquired 942 shares of Seagate Technology on June 11, 2026.
Key Points
- John Morris, EVP & CTO of Seagate Technology, purchased 942 shares of the company on June 11, 2026.
- Seagate Technology, listed on NasdaqGS as STX, has a market cap of $210.65 billion and a P/E ratio of 88.5.
- Analysts from Morgan Stanley and JP Morgan maintain 'buy' ratings with targets of $1,035 and $920 respectively.
John Morris, the Executive Vice President and Chief Technology Officer of Seagate Technology Holdings plc, acquired 942 shares of the company on June 11, 2026. This transaction was not part of a pre-arranged trading plan and, notably, the shares were acquired at no cost.
Insider Buying and Selling at Seagate Technology Holdings plc
Morris's recent purchase adds to his stake in the company. Meanwhile, on June 12, 2026, several other insiders at Seagate, including EVP & Chief Commercial Officer Teh Ban Seng and CEO William Mosley, sold shares as part of planned transactions, with each selling at an average price of $880.19.
Seagate Technology Stock Snapshot
Shares of Seagate Technology, trading on the NasdaqGS under the ticker STX, are priced near $995.81. The company boasts a market capitalization of approximately $210.65 billion and holds a price-to-earnings ratio of 88.5. Seagate's stock has a 52-week range from $127.61 to $966.80, with a 50-day moving average of $714.01 and a 200-day moving average of $404.30. The company maintains a current ratio of 1.33 and a quick ratio of 0.77.
Analysts Set New Price Targets
On June 15, 2026, Morgan Stanley maintained its 'buy' rating for Seagate Technology, setting a price target of $1,035. Similarly, JP Morgan reiterated its 'buy' rating on June 12, 2026, with a target of $920. Other analysts, including Mizuho and Citigroup, have also maintained 'buy' ratings with targets reaching up to $1,150. The consensus among 22 analysts is a 'buy', with an average price target of $885.91.
About Seagate Technology
Seagate Technology Holdings plc is a leading provider of data storage technology and infrastructure solutions, headquartered in Singapore. The company offers a wide range of products, including enterprise hard disk drives and solid-state drives, external storage solutions, and cloud storage infrastructure. Seagate serves a global market, catering to original equipment manufacturers, distributors, and retailers. Founded in 1978, Seagate employs around 30,000 people and is led by CEO Dr. William David Mosley.
Bottom Line
John Morris's share purchase highlights internal confidence in Seagate Technology, a major player in the data storage industry. With a robust market cap and a diverse product offering, Seagate continues to attract analyst attention and favorable ratings. As always, insider transactions are reported after they occur, providing a backward-looking view of insider sentiment.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.