In a filing, Teradata Corporation revealed its Chief Product Officer Ashton Hillary unloaded Company’s shares for reported $1.16 million on Aug 16. In the deal valued at $44.53 per share,26,049 shares were sold. As a result of this transaction, Ashton Hillary now holds 118,321 shares worth roughly $ 5.43 million.
Then, Treese Margaret A sold 14,592 shares, generating $652,912 in total proceeds. Upon selling the shares at $44.74, the Chief Legal Officer now owns 86,169 shares.
Before that, Cione Todd sold 41,472 shares. Teradata Corporation shares valued at $1,866,240 were divested by the Chief Revenue Officer at a price of $45.00 per share. As a result of the transaction, Cione Todd now holds 126,426 shares, worth roughly $5.8 million.
Northland Capital initiated its Teradata Corporation [TDC] rating to an Outperform in a research note published on Friday, May 02, 2023; the price target was $63. PT values the company’s stock at a premium of 27.19 to its Friday closing price.
Price Performance Review of TDC
On Friday, Teradata Corporation [NYSE:TDC] saw its stock fall -0.86% to $45.87. On the same session, the stock had its day’s lowest price of $45.75, but rose to a high of $46.75. Over the last five days, the stock has gained 3.47%. Teradata Corporation shares have risen nearly 36.27% since the year began. Nevertheless, the stocks have risen 39.42% over the past one year. While a 52-week high of $57.73 was reached on 08/01/23, a 52-week low of $28.65 was recorded on 01/19/23. SMA at 50 days reached $50.96, while 200 days put it at $42.03. A total of 0.93 million shares were traded, compared to the trading of 1.09 million shares in the previous session.
Levels Of Support And Resistance For TDC Stock
The 24-hour chart illustrates a support level at 45.50, which if violated will result in even more drops to 45.12. On the upside, there is a resistance level at 46.50. A further resistance level may holdings at 47.12. The Relative Strength Index (RSI) on the 14-day chart is 40.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.51%. Stochastics %K at 84.06% indicates the stock is a selling.
How much short interest is there in Teradata Corporation?
A steep rise in short interest was recorded in Teradata Corporation stocks on Aug 14, 2023, dropping by -0.64 million shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.26 million shares. There was a decline of -17.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.71% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.77.
Teradata Corporation [TDC] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,023,613 shares, or roughly 10.90% of the outstanding TDC shares. In other words, the investor’s shares have fallen by -277,416 from its previous 13-F filing of 11301029.0. Additionally, BlackRock Fund Advisors increased 1.42% of its stake after which the total value it holdings stand at $529,578,216, while Columbia Management Investment Ad added 0.63% of its stake to hold $392.93 million in the firm. Over the last quarter, Lynrock Lake LP sold -201,044 shares of Teradata Corporation, while SSgA Funds Management, Inc. sold -179 shares. At present, American Century Investment Manag is holding 2,134,123 shares valued at $121.32 million. Capital Research & Management Co owned 2,022,331 shares of the company at the time of its most recent 13F filing, worth $114.97 million.
According to FactSet, Teradata Corporation’s share price will average $63.30 in the next year, based on opinions of analysts polled by the firm. This is up nearly 38.32 percent from its previous closing price of $46.27. Analysts expect Teradata Corporation stock to reach the higher price of $75.00, while the lowest price estimate is $46.00. However, 11 analysts have rated TDC stock as an Overweight in their predictions for 2023.