SCHEDULE: Lynrock Lake Reduces Stake in Teradata Corp

Investment firm Lynrock Lake LP has disclosed a reduction in its beneficial ownership of Teradata Corp common stock through a series of open market sales.

Summary

• Lynrock Lake LP, along with its affiliates, reported a reduction in its holdings of Teradata Corp common stock.
• The reporting persons now beneficially own 7,189,401 shares, representing approximately 7.6% of the issuer's outstanding common stock.
• The reduction was executed through open market sales occurring between June 10, 2026, and June 17, 2026.
• Total shares sold across the reported period amounted to 2,305,078 shares.
• The aggregate purchase price for the remaining 7,189,401 shares is approximately $169,604,662.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral-to-slightly-negative event, as the reduction of a major stake by an institutional investor often signals a lack of near-term upside conviction.

Positives

• The firm maintains a significant 7.6% stake in the company, indicating continued, albeit reduced, investment interest.

Negatives

• The sale of over 2.3 million shares represents a notable divestment by a major institutional shareholder.

Risks

• Large-scale selling by a significant institutional investor can exert downward pressure on the company's share price.
• Market perception of institutional divestment may lead to increased volatility in the stock.

Future Outlook

The filing does not provide specific forward-looking guidance regarding the company's operations, but indicates the reporting persons' ongoing status as significant shareholders.

Management Comments

• The reporting persons certify that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that institutional divestment in the enterprise data and analytics sector often reflects portfolio rebalancing or profit-taking rather than a fundamental shift in the issuer's business model.

Comparison to Industry Standards

• Institutional ownership levels of 7.6% remain consistent with significant minority interest positions held by hedge funds in mid-cap technology firms.
• The use of Schedule 13D amendments to report significant changes in ownership is standard practice for institutional investors.

Stakeholder Impact

• Shareholders may experience increased price volatility due to the significant volume of shares sold by an institutional holder.

Next Steps

• Continued monitoring of future SEC filings for further changes in ownership by Lynrock Lake LP.

Key Dates

Recommendation

The divestment by a major shareholder warrants a hold position until further clarity on the company's growth trajectory is provided in upcoming earnings reports.

Keywords

Teradata, Lynrock Lake, Schedule 13D, Institutional Investor, Divestment, Common Stock