New York, Feb 3, 2026, 19:55 EST — After-hours
- Seagate shares ended the session roughly 2.6% higher, closing at $444.45 following a volatile day.
- A filing revealed that CEO William D. Mosley offloaded 20,000 shares on Feb. 2
- Storage stocks showed a split performance, with Western Digital surging after announcing an expanded buyback
Shares of Seagate Technology Holdings plc climbed $11.25, roughly 2.6%, to settle at $444.45 on Tuesday, after fluctuating between $424.61 and $458.87 during the session. According to a U.S. Securities and Exchange Commission filing, CEO William D. Mosley sold 20,000 shares on Feb. 2 in several transactions, with prices ranging from $401.10 to $434.3067. SEC
This disclosure is significant as Seagate has surged since late January, after beating earnings estimates and forecasting current-quarter profits above Wall Street expectations. Back then, the company predicted third-quarter adjusted EPS of $3.40, with a margin of error of 20 cents, according to Reuters. Reuters
The storage trade remains packed, and headlines keep shaking it up. Western Digital jumped Tuesday after boosting its share buyback plan by $4 billion, citing AI server demand. Other storage stocks didn’t keep pace. Reuters
Mosley’s sale happened through a Rule 10b5-1 plan — a pre-arranged trading setup allowing executives to offload shares on a set timetable. While these plans help limit legal exposure, such transactions still draw notice, especially when the stock is close to its peak.
Seagate bucked the broader downtrend on Tuesday, outperforming despite a sluggish tape. The S&P 500 dropped roughly 0.8%, while the Nasdaq tumbled about 1.4%, dragged down by major tech stocks. Some sectors still managed to hold steady. AP News
Seagate’s recent surge has been linked to rising demand from data centers, driven by companies expanding their AI infrastructure. On the late-January earnings call, Mosley remarked, “We continue to operate in an exceptionally strong demand environment, particularly within the data center end markets.” Investors.com
The situation can flip fast. Should cloud clients pull back on spending, or if supply constraints on high-capacity drives ease sooner than forecast, recent price jumps leave little margin for error. Insider-sale news could stoke short-term nerves, too.
Traders will be eyeing Seagate closely when regular trading kicks off Wednesday to see if it can maintain its footing and if the wider storage sector sustains momentum. Looking ahead, a key date looms: the company’s quarterly dividend of $0.74 is set for payment on April 8, for shareholders of record as of March 25, according to a filing. SEC
