Western Digital director Stephanie Streeter sells $2.5m in stock

Stephanie A. Streeter, a director at Western Digital Corp. (NASDAQ:WDC), recently sold common stock totaling approximately $2,519,280. The transactions occurred over two days, on August 31, 2026, and September 1, 2026.

Ms. Streeter disposed of a total of 7,185 shares of Western Digital common stock. The sales were executed at prices ranging from $447.06 to $455.0 per share. The timing of the sale comes after Western Digital’s remarkable 450% return over the past year, according to InvestingPro data. Despite the recent gains, InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value. Following these reported transactions, Ms. Streeter’s beneficial ownership of common stock was 34,807 shares, with some held indirectly by a family trust.

The Form 4 filing, which details changes in beneficial ownership, was signed on September 2, 2026.

In other recent news, Western Digital exceeded Wall Street’s expectations for its fiscal fourth-quarter earnings, reporting adjusted earnings of $3.56 per share, surpassing the forecast of $3.29. The company also reported revenue of $3.75 billion, which was higher than the anticipated $3.69 billion. Despite these positive results, the company’s stock saw a decline as investors focused on its outlook. In a comparison of hard disk drive performance, Seagate Technology outpaced Western Digital in exabyte shipment growth for June 2026. Seagate’s shipments increased by 34% year-over-year, while Western Digital saw a 22% increase. Analyst firm UBS lowered its price target for Western Digital to $525, citing valuation concerns, but noted the company’s guidance was slightly better than expected. Meanwhile, Baird raised its price target to $630, highlighting Western Digital’s advancements in drive technology. However, Summit Insights downgraded the company’s stock to Hold, pointing to risks associated with transitioning to heat-assisted magnetic recording technology.