The Senior Vice-President & Chief Legal Officer of Seagate Tech (NASDAQ: STX) is Selling Shares

By Carrie Williams

Yesterday, the Senior Vice-President & Chief Legal Officer of Seagate Tech (STXResearch Report), Katherine E Schuelke, sold shares of STX for $331.2K.

In addition to Katherine E Schuelke, 7 other STX executives reported Sell trades in the last month.

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The company has a one-year high of $77.07 and a one-year low of $39.02. STX’s market cap is $17.37 billion and the company has a P/E ratio of 19.10.

Based on 22 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $73.20, reflecting a 0.8% upside. Four different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock. STX is a controversial stock, with 10 analysts recommending Buy, while 3 recommends selling the stock.

The insider sentiment on Seagate Tech has been negative according to 163 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Katherine E Schuelke’s trades have generated a -12.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its 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.