Western Digital Corp’s Chief Executive Officer, Irving Tan, completed the sale of 17,201 shares of common stock on February 2, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The transactions were carried out at prices between $242.2291 and $262.55, producing a total proceeds tally of $5,108,831.
Following the dispositions, Tan retains direct ownership of 623,586 shares of Western Digital. The sales were executed through a Rule 10b5-1 trading plan that Tan adopted on May 12, 2025, indicating the transactions were part of a prearranged program rather than ad hoc sales.
Market context: Western Digital stock is trading at $269.41, close to its 52-week peak of $296.50, and has delivered a 460.9% return over the past year. Third-party analysis cited in filings notes the shares are trading at fair value while a technical indicator, the relative strength index, points to overbought conditions.
Analyst and product developments: In the wake of its Innovation Day presentation, several brokerages have revised their outlooks for the company. Cantor Fitzgerald increased its price target to $420 from $325 and maintained an Overweight rating. Morgan Stanley raised its target to $369, citing demand for AI storage as a growth catalyst. Goldman Sachs adjusted its target to $250 and highlighted advancements in heat-assisted magnetic recording, or HAMR, technology.
Western Digital, which is also referred to as WD, laid out a roadmap for upcoming storage products. The company detailed plans for a 40TB UltraSMR ePMR hard drive and signaled ambitions to field 100TB-plus HDDs by 2029. Its strategy encompasses two technology tracks: ePMR scaling toward 60TB and a HAMR ramp beginning in 2027.
Market support and capital allocation: Evercore ISI reiterated an Outperform rating with a $310 price target and underscored Western Digital’s $4 billion incremental share buyback program. The company also reiterated expectations that global data growth driven by AI and emerging technologies will exceed a 25% compound annual growth rate over the next five years.
These filings and analyst notes provide a snapshot of insider activity alongside ongoing strategic and product initiatives, while technical indicators and valuation commentary offer context to investors assessing the stock’s near-term position.