Teradata (NYSE:TDC) Stock: Insider Stephen Mcmillan Sells 10,000 Shares

Key Points

• Teradata CEO Stephen McMillan sold 10,000 shares for $325,100 at an average price of $32.51 under a pre-arranged Rule 10b5-1 plan. He retained 742,446 shares, and the sale reduced his direct stake by 1.33%.
• Teradata beat quarterly earnings and revenue expectations, reporting EPS of $0.70 versus $0.58 forecast and revenue of $399 million versus $395.66 million; revenue was down 4.1% year over year.
• The stock traded at $32.77, while analysts’ consensus rating was Hold with a $36.12 price target.

Teradata Corporation (NYSE:TDC - Get Free Report) CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $32.51, for a total value of $325,100.00. Following the transaction, the chief executive officer directly owned 742,446 shares in the company, valued at approximately $24,136,919.46. This represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Mcmillan also recently made the following trade(s):

• On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The stock was sold at an average price of $30.02, for a total value of $300,200.00.

Teradata Trading Up 1.4%

Shares of NYSE:TDC traded up $0.45 during midday trading on Tuesday, reaching $32.77. The company's stock had a trading volume of 3,014,595 shares, compared to its average volume of 2,300,227. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The business has a 50 day moving average price of $30.65 and a 200 day moving average price of $30.02. Teradata Corporation has a 1 year low of $23.86 and a 1 year high of $41.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. Teradata had a return on equity of 47.25% and a net margin of 27.08%. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $395.66 million. During the same period in the prior year, the business posted $0.72 earnings per share. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts forecast that Teradata Corporation will post 1.79 EPS for the current year.

Institutional Investors Weigh In On Teradata

Several large investors have recently made changes to their positions in TDC. Twin Capital Management Inc. lifted its holdings in shares of Teradata by 2.0% during the first quarter. Twin Capital Management Inc. now owns 21,019 shares of the technology company's stock valued at $539,000 after purchasing an additional 405 shares during the last quarter. GAMMA Investing LLC increased its stake in Teradata by 10.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,646 shares of the technology company's stock worth $196,000 after purchasing an additional 541 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in Teradata by 65.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,959 shares of the technology company's stock worth $56,000 after buying an additional 777 shares during the period. Choreo LLC raised its holdings in Teradata by 6.5% during the 3rd quarter. Choreo LLC now owns 13,150 shares of the technology company's stock worth $379,000 after buying an additional 800 shares during the period. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in Teradata during the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDC. Citigroup boosted their price objective on shares of Teradata from $36.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, October 30th. Barclays increased their target price on Teradata from $27.00 to $28.00 and gave the stock an "underweight" rating in a research report on Friday. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group lowered their price target on Teradata from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, September 21st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Teradata in a research note on Monday, September 21st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Teradata presently has a consensus rating of "Hold" and a consensus price target of $36.12.

Teradata Company Profile

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company's portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.

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