Teradata Faces Analyst Adjustments and Insider Activity

2 min read | November 06, 2024 12:01 AM PST | By Team Kalkine Media

Teradata Faces Analyst Adjustments and Insider Activity — Image source: Shutterstock

Headlines

Teradata Faces Analyst Downgrade Impact
Insider Activity: Recent Sales by Key Executives
Analysts Provide Varied Ratings on Teradata

Teradata (NYSE:TDC) saw its shares decline after an analyst downgrade, causing its stock to open at a lower price. Northland Securities adjusted its price target for Teradata, reducing it from $38 to $37, which contributed to the stock opening at $30.42 after previously closing at $33.38. By the end of the trading day, shares were at $29.77.

Other financial institutions also shared their views on Teradata. Morgan Stanley lowered its price objective from $44 to $30, assigning an equal weight rating. Meanwhile, However, Barclays reduced its target price, shifting from $30 to $29 and categorizing it as underweight. JMP Securities also adjusted its outlook, moving from outperform to market perform, while Royal Bank of Canada reiterated a sector perform rating with a price goal of $32.

These varied opinions reflect different outlooks on the company's prospects. Insider activity has also drawn attention, with Hillary Ashton, a company executive, selling nearly 15,000 shares, valuing the transaction at over $411,000. Additionally, Margaret A. Treese sold 5,500 shares at an average price of $28.50, generating a transaction of $156,750. These insider transactions were legally filed with the SEC.

The stock currently has an average rating, with some analysts being cautious while others see promise. Teradata continues to attract attention with its evolving position, while insider activity signals confidence in strategic changes.

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