Western Digital (WDC) Stock Near All-Time Highs — and Insiders Are Cashing Out

TLDR

• CEO Irving Tan sold 20,000 WDC shares on May 1 for ~$8.24M under a pre-planned 10b5-1 trading plan
• Chief of Global Operations Vidyadhara Gubbi sold 4,674 shares on May 4 for ~$2.07M
• WDC stock has surged to $465.26, near its 52-week high of $480.11
• Western Digital beat Q3 FY2026 earnings, with EPS of $2.72 vs. the $2.36 forecast
• There have been 32 insider sells and zero insider buys at WDC over the past year

Two Western Digital insiders have sold a combined $10M+ in stock within days of each other, as WDC trades near all-time highs.

Western Digital Corporation, WDC

CEO Irving Tan sold 20,000 shares on May 1, 2026, at prices between $406.52 and $415.02 per share. The total came to approximately $8.24 million.

The sale was carried out under a Rule 10b5-1 trading plan, which Tan adopted on May 12, 2025. These plans are set up in advance, so they are not necessarily a reaction to current market conditions.

After the sale, Tan still directly holds 598,150 shares of Western Digital stock.

Just days later, on May 4, Chief of Global Operations Vidyadhara Gubbi sold 4,674 shares at $443.19 each. That transaction was worth roughly $2.07 million.

Following that sale, Gubbi now holds 90,041 shares of Western Digital.

Over the past year, Gubbi has sold a total of 67,047 shares and has not bought any.

No Insider Buying in 12 Months

The broader insider picture at Western Digital tells a one-sided story. Over the past year, there have been 32 insider sells and zero insider buys.

That said, insider selling alone doesn’t signal trouble — executives often sell for personal financial planning reasons, especially when a stock has run sharply higher.

And WDC has run sharply higher. The stock has returned approximately 938% over the past year, a move that would naturally prompt some profit-taking.

At the time of Gubbi’s sale, WDC was trading at $443.19. The stock has since climbed to $465.26, sitting close to its 52-week high of $480.11.

Strong Earnings Behind the Rally

Western Digital posted strong results for its fiscal third quarter of 2026. EPS came in at $2.72, beating the $2.36 consensus by about 15%.

Revenue hit $3.34 billion, ahead of the $3.23 billion estimate.

The company cited strong demand across its business segments, with cloud storage solutions a particular bright spot.

Seventeen analysts have since revised their earnings estimates upward following those results.

WDC’s current P/E ratio stands at 43.57, based on the most recent data. Gubbi’s transaction day P/E was recorded at 27.96, below the industry median of 32.1.

However, GuruFocus flags the stock as heavily overvalued based on its GF Value model, which puts intrinsic value at $81.25 — giving WDC a price-to-GF-Value ratio of 5.45.

WDC’s market cap stood at approximately $171 billion at the time of Gubbi’s sale.

The most recent trade on record is Gubbi’s May 4 sale at $443.19, with WDC currently trading at $465.26, near the top of its 52-week range.

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