The dollar amount of insider selling is too small relative to market cap to carry a bearish signal. CEO sales near $31.71 and CPO sales near $33.00 are routine in context. Monitor the next 10-Q for any fundamental deterioration, but this insider cluster alone does not warrant action.
Price Chart
Executive Summary
Two top executives at Teradata — the CEO and CPO — sold a combined $1.13M in stock over a 7-day window. The CPO's sale was open-market, while the CEO's sale does not specify a code suggesting it was a non-10b5-1 sale. Director grants (all $0 value) also occurred, but these are non-cash and carry no signal. The total open-market sales equal ~0.04% of market cap, well below the 0.1% threshold — trivial relative to company size. Historical calibration shows cluster-insider-trades as an amplifier, but the dollar quantum here is too small to warrant an elevated score.
Key Financial Metrics
Key Facts
- CEO McMillan sold $634K in shares on May 12 — first open-market sale by CEO in the window
- CPO Arora sold $495K in open-market shares on May 19
- 8 directors received 8,790 share grants each (non-cash, $0 value) on May 14
- Total open-market cluster value = $1.13M, or ~0.04% of Teradata's $3.1B market cap
- Prior 30d insider activity included one $495K sell — this cluster is a continuation of similar-sized sales
Financial Impact
Total open-market insider selling of $1.13M represents ~0.04% of TDC's $3.1B market cap — not material
Risk Factors
- CEO open-market sale could be misinterpreted by the market as a bearish signal despite the small quantum
- If the next earnings report disappoints, this cluster would be viewed in hindsight as informed selling
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TDC-1779308258689 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | 8-K | $26.23 $28.26 | ▲ +7.74% | ▲ +8.34% | $30.14 (+14.91%) |
May 20, 2026 19w ago | Insider Cluster | $32.77 $29.71 | ▼ −9.35% | ▼ −9.69% | $30.14 (−8.03%) |
May 19, 2026 19w ago | 8-K | $33.10 $30.88 | ▼ −6.71% | ▼ −7.45% | $30.14 (−8.94%) |
May 7, 2026 21w ago | Insider Cluster | $29.63 $34.97 | ▼ −18.02% | ▼ −14.89% | $30.14 (−1.72%) |
May 7, 2026 21w ago | Insider Cluster | $29.63 $34.97 | ▼ −18.02% | ▼ −14.89% | $30.14 (−1.72%) |
May 7, 2026 21w ago | Insider Cluster | $29.63 $34.97 | ▲ +18.02% | ▲ +14.89% | $30.14 (+1.72%) |
Mar 26, 2026 27w ago | DEFA14A | $25.31 $26.47 | ▲ +4.58% | ▼ −8.16% | $30.14 (+19.08%) |
US Market Status
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