Insider Selling: Seagate Technology (NASDAQ:STX) CFO Sells $11,431,323.75 in Stock

Seagate Technology's CFO, Gianluca Romano, sold 14,091 shares of the company's stock for over $11.43 million, significantly reducing his direct holdings. This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan. Despite the insider sale, Seagate recently reported stronger-than-expected quarterly earnings and analysts maintain a "Moderate Buy" rating with an average price target higher than the current share price.