Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells WDC Stock

Rep. Gilbert Ray Cisneros Jr., a Democrat from California's 31st district, sold shares of Western Digital Corporation (WDC) on September 18, 2026. The trade was valued between $1,001 and $15,000 and was reported on October 12, 2026.

Other Institutional Activity in Western Digital

Blackrock Inc. reduced its holdings by 2,814,989 shares, ending with 32,953,613 shares worth about $10.9 billion. FMR, LLC also trimmed its position, selling 5,638,170 shares for a total of 25,983,645 shares valued at approximately $8.6 billion. Meanwhile, Vanguard Capital Management LLC grew its stake by 475,953 shares, bringing its total to 22,510,811 shares worth about $7.5 billion. JPMorgan Chase & Co. decreased its holdings by 504,350 shares, leaving it with 17,007,789 shares valued at around $5.6 billion. Capital World Investors added 4,718,587 shares, totaling 16,598,211 shares worth approximately $5.5 billion.

Western Digital Corporation Stock Down 8.9%

As of October 16, 2026, Western Digital shares were recently traded around $336.97, which is below both its 50-day moving average of $444.57 and its 200-day average of $409.74. The stock is also significantly below its 52-week high of $799.87 but remains above its 52-week low of $117.23.

Recent Earnings

Western Digital reported trailing twelve-month revenue of approximately $12.9 billion, with a net margin of 72.9% and a return on equity of 130.9%. The company's next earnings report is scheduled for October 22, 2026.

Insider Buying and Selling at Western Digital Corporation

Several insiders sold shares recently. Cynthia Lock Tregillis, an officer, sold 1,483 shares on August 27, 2026, valued at about $696,280. Director Stephanie A. Streeter sold 5,600 shares on September 1, 2026, worth around $2.5 million. Officer Vidyadhara K. Gubbi sold 1,795 shares on September 4, 2026, valued at approximately $825,472. On the same day, Tregillis sold another 432 shares valued at about $194,918.

Analysts Set New Price Targets

On July 13, 2026, Citigroup maintained a Buy rating on Western Digital with a target price of $800, up from a prior target of $685. Similarly, TD Cowen maintained its Buy rating with a target of $540, increased from $500. Rosenblatt also maintained a Buy rating with a target of $800, while UBS maintained a Neutral rating with a target of $525, down from $560.

About Western Digital

Western Digital Corporation is a technology company based in San Jose, California. It develops and sells data storage devices and solutions, primarily focusing on hard disk drive technology. The company serves customers across various regions, including the U.S., Asia, Europe, the Middle East, and Africa. This recent insider trading activity may reflect the company's current market position and outlook.

Bottom Line

Investors should keep an eye on Western Digital's next earnings date on October 22, 2026, to gauge its financial performance. Additionally, further insider transactions and analyst ratings may shed light on the company's standing in the competitive technology sector.