TDC CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

TDC ▲ +12.93% at T+5d

SHORT call ✗ call lost -12.93% · α vs SPY -10.63% · entry $29.63 → $33.46

Next anchor: T+20d in 14d

Currently $32.64 · -10.16% from $29.63 entry (call sign-flipped)

Entry anchored
May 6, 03:59 PM ET
via Databento tick

T+1d

+6.61%

call -6.61% · α -5.78%

$31.59

settled 14d ago

T+5d

+12.93%

call -12.93% · α -10.63%

$33.46

settled 8d ago

T+20d

—

call — · α —

—

in 14d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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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

Direction

selling

Total Value

$1.8M

Insiders

3

Actionable Insight

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.

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.

revenueepsguidance

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

Exchange

NYSE

Sector

Services-Prepackaged Software

Analyst Consensus

57% bullish (14 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-TDC-1778794673705

6 reports for TDC

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for TDC — sortable, filterable
	Type				Now
May 20, 2026 today	Insider Cluster NEUTRAL ★ 3/10	$33.06 awaiting T+5	awaiting T+5	—	$32.64 (−1.27%)
May 19, 2026 1d ago	8-K NEUTRAL ★ 4/10	$32.65 awaiting T+5	awaiting T+5	—	$32.64 (−0.03%)
May 7, 2026 14d ago	Insider Cluster BEARISH ★ 6/10	$29.63 $33.46	▼ −12.93%	▼ −10.63%	$32.64 (−10.16%)
May 7, 2026 14d ago	Insider Cluster BEARISH ★ 6/10	$29.63 $32.70	▼ −10.36%	▼ −8.86%	$32.64 (−10.16%)
May 7, 2026 14d ago	Insider Cluster NEUTRAL ★ 2/10	$29.63 $32.70	▲ +10.36%	▲ +8.86%	$32.64 (+10.16%)
Mar 26, 2026 7w ago	DEFA14A NEUTRAL ★ 3/10	$25.31 $25.93	▲ +2.45%	▼ −1.41%	$32.64 (+28.96%)

US Market Status

Market Open — Closes in 3h 56m

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