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SAN DIEGO—Kathleen R. Cullen-Cote, Chief People Officer at Teradata Corp (NYSE:TDC), recently executed a sale of company shares amid the stock trading near its 52-week low of $22.62. According to a filing with the Securities and Exchange Commission, Cullen-Cote sold 1,755 shares of Teradata common stock on March 7, 2025, at a price of $22.88 per share, totaling $40,154.
Additionally, on March 6, 2025, Cullen-Cote had 3,285 shares withheld by the company to satisfy tax obligations related to the vesting of restricted share units, valued at $22.98 per share. Following these transactions, Cullen-Cote holds 142,707 shares directly. Despite this insider sale, InvestingPro data shows management has been actively buying back shares, demonstrating confidence in the company’s outlook.
The sale was conducted under a Rule 10b5-1 trading plan, which Cullen-Cote adopted on November 13, 2024. With the stock down 26% year-to-date and trading significantly below its InvestingPro Fair Value, investors seeking detailed analysis can access comprehensive valuation metrics and 14 additional ProTips through InvestingPro’s research platform.
In other recent news, Teradata Corporation reported fourth-quarter revenue of $409 million, which was an 11% decrease year-over-year and fell short of analyst estimates of $414.95 million. Despite this, the company exceeded expectations with adjusted earnings per share of $0.53, compared to the anticipated $0.44. However, Teradata’s guidance for 2025 disappointed investors, with projected full-year earnings per share of $2.15-$2.25, below the consensus estimate of $2.46. The company anticipates a further decline in revenue for 2025, expecting a 4-6% decrease year-over-year. Guggenheim Securities recently adjusted its price target for Teradata to $37 from $42, while maintaining a Buy rating, citing the company’s strategic value in its recurring revenue stream despite financial challenges. Additionally, Teradata announced a leadership change, appointing Michael Hutchinson as the new Chief Operating Officer. Hutchinson will oversee global operations and continue to lead Teradata Global Customer Services. The departure of CFO Claire Bramley, who will leave to pursue another opportunity, adds to the management changes during this period.
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