The insider cluster, led by the CEO and CRO, is selling into a Q2 revenue decline guide. While Q1 was strong, the forward guidance suggests a deceleration. Monitor Q2 2026 results for confirmation of the slowdown. The sales are not massive in dollar terms but the timing and seniority warrant a cautious stance.
Price Chart
Executive Summary
Three Teradata insiders, including the CEO and Chief Revenue Officer, sold a total of $1.77M in open-market sales over a 7-day window immediately following the Q1 2026 earnings release. While Q1 results beat expectations (revenue +6% YoY, Non-GAAP EPS $0.88 vs $0.66), the company guided Q2 revenue down -4% to -2% YoY, signaling a near-term slowdown. The insider sales, particularly the CEO's $634K sale, raise caution flags against the strong Q1 print.
Key Financial Metrics
Key Facts
- CEO Stephen McMillan sold 20,000 shares for $634K on May 12, 2026.
- Chief Revenue Officer Richard Petley sold 34,300 shares for $1.06M on May 7, 2026.
- Chief Product Officer Sumeet Arora sold 2,600 shares for $82K on May 7, 2026.
- Total insider sales of $1.77M represent ~0.06% of TDC's $3.1B market cap.
- Q1 2026 revenue grew 6% YoY to $444M; Non-GAAP EPS of $0.88 beat $0.66 YoY.
- Q2 2026 guidance calls for total revenue decline of -4% to -2% YoY.
- Full-year 2026 total ARR growth reaffirmed at 2%-4% YoY.
- SAP litigation settlement contributed $359M pre-tax to Q1 cash flow.
Financial Impact
Insider sales of $1.77M are modest relative to $3.1B market cap (0.06%), but the CEO's open-market sale and the CRO's larger sale immediately after weak Q2 guidance are notable.
Risk Factors
- Q2 revenue guidance of -4% to -2% YoY signals a potential demand slowdown.
- CEO and CRO selling simultaneously may indicate insider caution about near-term prospects.
- Full-year ARR growth of 2%-4% is modest and may not support current valuation.
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-1778794673705 |
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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