Western Digital (WDC) stock is near all-time highs — and insiders are cashing in

TLDR

• CEO Irving Tan sold 20,000 shares of WDC stock on May 1 for approximately $8.24 million under a previously planned 10b5-1 trading plan.
• Global Chief Operating Officer Vidyadhara Gubbi sold 4,674 shares on May 4 for approximately $2.07 million
• WDC stock rose to $465.26, near its 52-week high of $480.11.
• Western Digital beats third-quarter fiscal 2026 earnings, with EPS of $2.72 versus expectations of $2.36
• There were 32 insider sales and no insider buying at WDC over the last year

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Two Western Digital insiders sold over $10 million worth of stock within days of each other, with WDC trading 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 was approximately $8.24 million.

The sale was executed pursuant to a Rule 10b5-1 trading plan, which Tan adopted on May 12, 2025. These plans were prepared in advance, so are not necessarily a reaction to current market conditions.

Following the sale, Tan still directly owns 598,150 Western Digital shares.

A few days later, on May 4, President of Global Operations Vidyadhara Gubbi sold 4,674 shares at $443.19 per share. The value of this deal was approximately $2.07 million.

Following this sale, Gubbi now owns 90,041 shares in Western Digital.

Over the past year, Gubbi sold a total of 67,047 shares and bought none.

No insider purchasing within 12 months

The wider picture inside Western Digital It tells a one-sided story. Over the past year, there have been 32 insider sales and no insider buying.

However, insider selling alone does not indicate a problem — executives often sell for personal financial planning reasons, especially when the stock is rising sharply.

The WDC rate has risen sharply. The stock has returned nearly 938% over the past year, a move that would naturally lead to some profit-taking.

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

Strong earnings behind the rally

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

Revenue was $3.34 billion, beating estimates of $3.23 billion.

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 the results.

WDC’s current P/E ratio is 43.57, based on the latest data. Gubbi’s P/E on the day of transactions was recorded at 27.96, below the industry average of 32.1.

However, GuruFocus reports that the stock is significantly overvalued based on its GF Value model, which places intrinsic value at $81.25 – giving WDC a GF P/E ratio of 5.45.

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

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