SCHEDULE: Teradata Corp: Lynrock Lake LP Sells Shares

Lynrock Lake LP has sold a significant portion of its Teradata Corp shares between June 18 and July 8, 2026, reducing its stake to 6.6%.

Summary

• Lynrock Lake LP, through its master fund, has sold a substantial number of Teradata Corp common shares.
• These transactions occurred between June 18, 2026, and July 8, 2026.
• The total number of shares sold amounts to 1,147,396.
• The weighted average sale price was approximately $33.10 per share.
• Following these sales, Lynrock Lake LP's beneficial ownership in Teradata Corp has decreased to 6,212,370 shares, representing 6.6% of the outstanding common stock.
• The aggregate purchase price for the shares initially held was approximately $138,013,131.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as negative due to a significant reduction in holdings by a major investor, which can signal a lack of confidence or a strategic shift away from the company.

Negatives

• Significant reduction in shareholding by a major investor (Lynrock Lake LP).
• The sales occurred over a period of increasing share prices, suggesting a potential exit or reduction of conviction by the investor.

Risks

• Potential negative signal to the market due to a large investor reducing their stake.
• The sales could put downward pressure on Teradata Corp's stock price.

Future Outlook

The filing primarily details past transactions and does not contain explicit forward-looking statements or guidance from Teradata Corp. However, the significant reduction in stake by Lynrock Lake LP may imply a change in their future outlook for the company.

Industry Context

StockSavvy.ai notes that significant stake reductions by institutional investors, as seen with Lynrock Lake LP's sales of Teradata Corp shares, can often be interpreted by the market as a signal of reduced confidence or a strategic portfolio adjustment, potentially impacting investor sentiment towards the company and its peers in the data analytics and cloud services sector.

Stakeholder Impact

• Shareholders: Potential negative impact on share price due to reduced institutional ownership and possible market perception of decreased confidence.
• Creditors: No direct impact indicated, as the filing concerns equity transactions.
• Employees: Indirect impact through potential stock price fluctuations affecting morale and stock-based compensation.
• Suppliers/Customers: No direct impact indicated.

Next Steps

• Lynrock Lake LP may continue to adjust its holdings in Teradata Corp.
• The market will likely monitor further actions by Lynrock Lake LP and other major shareholders.

Key Dates

Recommendation

While the significant selling by Lynrock Lake LP is a negative signal, the filing itself does not provide enough information about Teradata Corp's fundamental performance or future prospects to warrant a strong sell. A 'hold' recommendation reflects caution due to the investor's actions, pending further analysis of the company's own disclosures.

Keywords

Teradata Corp, Schedule 13D, Lynrock Lake LP, Securities Sale, Common Stock, Investment Management, Shareholder Activity