In the latest insider activity at Western Digital Corp (NASDAQ:WDC), Cynthia L. Tregillis, serving as the firm's Chief Legal Officer and Corporate Secretary, finalized several stock transactions in January 2026. On January 21, Tregillis sold 447 shares of Western Digital common stock, priced at $229.00 each, resulting in total proceeds of $102,363. This sale was executed pursuant to a Rule 10b5-1 trading plan established on May 23, 2025, ensuring compliance with regulatory standards for insider transactions.
Further, on January 20, 2026, she sold an additional 842 shares at $222.97 per share, amassing $187,740. This transaction's purpose was to settle tax obligations related to her shareholdings. In a simultaneous move, Tregillis acquired 11 shares through the conversion of dividend equivalent rights, which were priced nominally at zero dollars.
These insider transactions align with an optimistic atmosphere around Western Digital, marked by several recent analyst updates and company-specific developments. Notably, Rosenblatt has elevated its price target on Western Digital's stock sharply to $270 from $165, while maintaining a Buy rating. This adjustment underscores an improved perspective on the company's operational and financial outlook.
Similarly, Bank of America Securities raised its price target to $257 from $197, holding onto a Buy recommendation ahead of Western Digital’s fiscal second quarter 2026 earnings release. Expectations from BofA include top-range performance in revenue, profit margins, and earnings per share.
Evercore ISI also upgraded its price target to $230 from $190 with an Outperform rating, highlighting anticipation of Western Digital’s prompt monetization of its residual SanDisk stake. Complementing these positive assessments, Mizuho maintains its Outperform rating and a $180 price target, emphasizing strong order visibility with the company’s five primary customers, whose purchase contracts extend through the remainder of 2026 and well into 2027.
These collective analyst perspectives reflect confidence in Western Digital's strategic directions and its spoken financial guidance. The insider sales by Tregillis, executed under a prearranged plan and for tax settlement, occur amid these affirming market sentiments and upcoming fiscal results.