Cynthia L. Tregillis, who serves as Chief Legal Officer and Corporate Secretary at Western Digital CORP (NASDAQ: WDC), executed a sale of 6,780 common shares on February 6, 2026. The shares changed hands at $270.49 apiece, producing proceeds of approximately $1.83 million. After the disposition, Tregillis retains direct ownership of 136,538 shares of Western Digital.
The insider sale coincides with a series of analyst reactions and product announcements that followed Western Digital’s Innovation Day. Several firms updated their models and price targets after the company emphasized storage technology advances and a multi-year roadmap for higher-capacity hard drives.
Cantor Fitzgerald lifted its price target on Western Digital to $420 and maintained an Overweight rating, citing technological progress and an updated financial model. Morgan Stanley raised its target to $369, calling attention to artificial intelligence as a driver of increased data generation and storage demand. Goldman Sachs adjusted its target to $250 while keeping a Neutral rating, noting the company’s demonstrations of ePMR and HAMR developments.
On the product front, Western Digital unveiled a 40TB UltraSMR ePMR hard drive and set out plans to scale that architecture to 60TB and ultimately to 100TB using HAMR technology by 2029. The company indicated that production of HAMR HDDs is expected to ramp up in 2027.
Evercore ISI reiterated an Outperform rating with a $310 price target, a stance the firm took after Western Digital announced a $4.0 billion share buyback program. Western Digital also reiterated its forecast that global data growth will surpass a 25% compound annual growth rate over the next five years, attributing that projection to artificial intelligence and other emerging technologies.
The transaction by the chief legal officer and the cluster of analyst updates and corporate disclosures together provide a snapshot of insider activity and market responses during a period of product roadmapping and capital return initiatives at Western Digital.