Western Digital CLO Tregillis sells $417,338 in WDC shares

Cynthia L. Tregillis, Chief Legal Officer and Corporate Secretary at Western Digital Corp. (WDC), sold $417,338 worth of common shares in August 2026, according to a recent report. The transactions took place between August 21 and August 24, involving 919 shares priced between $446.17 and $477.27 each. The sales were executed under a pre-approved Rule 10b5-1 trading plan she established on March 6, 2026.

The stock's recent decline of 12.25% over the past week contrasted with a 451% increase over the past year. Despite the pullback, analysts suggest WDC remains undervalued at its current price. Apart from the sales, Ms. Tregillis also sold 1,488 shares to settle tax obligations related to the vesting of securities, totaling $687,288. These shares were sold at prices between $459.44 and $469.05 each.

In addition, Ms. Tregillis bought back 14 shares at a price of $0.00, resulting from the conversion of dividend equivalent rights tied to the vesting of restricted stock units. In other Western Digital developments, the company reported exceeding Wall Street expectations for its fiscal fourth-quarter results, with adjusted earnings per share at $3.56, surpassing the forecasted $3.29. Revenue also outpaced projections, with $3.75 billion generated against an expected $3.69 billion.

However, investor sentiment shifted as focus turned to the company's outlook, causing stock value to decline. UBS adjusted their price target for WDC to $525 from $560, maintaining a Neutral rating due to slowing shipments relative to Seagate Technology. Meanwhile, Baird increased their price target to $630, highlighting Western Digital's advancements in drive technology, especially the upcoming 44TB HAMR drive.

Yet, Summit Insights downgraded the stock to Hold from Buy, citing risks associated with transitioning to heat-assisted magnetic recording technology.

Evercore's analysis revealed that Seagate Technology outpaced Western Digital in nearline segment exabyte shipment growth. These developments present a range of perspectives on Western Digital's current performance and future prospects. This report was assisted by AI and reviewed by an editor, as outlined in the accompanying Terms and Conditions.