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Claire Bramley, the Chief Financial Officer of Teradata Corp (NYSE:TDC), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On March 10, Bramley sold a total of 35,464 shares of common stock, generating proceeds of approximately $809,646. These sales were conducted at prices ranging from $22.819 to $23.52 per share, near the stock’s 52-week low of $22.46. According to InvestingPro analysis, while the stock has declined 27.7% year-to-date, the company appears undervalued based on its Fair Value estimates.
Following these transactions, Bramley holds 105,833 shares of Teradata. The sales were made under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a later date, adhering to insider trading laws. Notably, InvestingPro data shows management has been actively buying back shares, and the company maintains a "GOOD" financial health score. Discover 12 more exclusive insights about Teradata’s valuation and financial health with an InvestingPro subscription.
In other recent news, Teradata Corporation reported fourth-quarter revenue of $409 million, which fell short of analyst expectations of $414.95 million, marking an 11% decline year-over-year. Despite this, the company exceeded earnings per share projections with an adjusted EPS of $0.53 compared to the expected $0.44. However, Teradata’s guidance for 2025 has disappointed investors, with projected EPS for Q1 2025 between $0.55 and $0.59, below the consensus of $0.64, and full-year EPS guidance of $2.15 to $2.25, missing the $2.46 projection.
Additionally, Guggenheim Securities revised its price target for Teradata to $37 from $42 while maintaining a Buy rating, citing challenges in meeting financial targets and management changes. The firm noted Teradata’s Cloud Annual Recurring Revenue target has been adjusted down to approximately $700 million for 2025, with an anticipated revenue decline of 4-6% year-over-year. Despite these adjustments, Guggenheim sees strategic value in Teradata’s recurring revenue stream, highlighting that many customers continue to expand their use of Teradata’s services.
In management developments, Michael Hutchinson has been promoted to Chief Operating Officer, overseeing global operations while continuing to lead Teradata Global Customer Services. Hutchinson’s appointment follows the departure of CFO Claire Bramley, who is leaving to pursue another opportunity. These changes come as Teradata aims to enhance execution and align with its strategic goals.
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