Teradata COO Sold Shares Under Trading Plan
Teradata executive Michael D. Hutchinson sold over 48,000 shares of company stock in mid-September.
Updated on Sept. 28, 2026 in Public Companies
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Teradata Chief Operating Officer Michael D. Hutchinson sold 48,077 shares of company stock on September 15, 2026. The transaction occurred at a weighted average price of $30.00 per share, totaling approximately $1.4 million.
Why it matters
The sale was executed through a pre-established Rule 10b5-1 trading plan, which allows corporate insiders to schedule transactions in advance to avoid concerns regarding trading on non-public information.
Teradata reported $410 million in revenue for the second quarter of 2026, with trailing twelve-month revenue reaching $1.7 billion and a net margin of 26.94%.
The players
Michael D. Hutchinson
He serves as the Chief Operating Officer of Teradata Corporation.
Teradata Corporation
This is a San Diego-based technology company specializing in cloud-based data platform software.
The details
Hutchinson retains a direct position of approximately 172,000 shares in the San Diego-based technology company following the transaction. The sale was carried out based on a trading plan originally established on May 7, 2026.
Timeline
May 7, 2026: Rule 10b5-1 trading plan was established.
August 4, 2026: Second-quarter earnings report was announced.
September 15, 2026: COO sold 48,077 shares of company stock.
September 16, 2026: Stock price reached $29.17.
Market Landscape
The use of a Rule 10b5-1 trading plan aligns with standard corporate governance practices for executives managing equity stakes. This approach mitigates regulatory risk and promotes market confidence for a company currently forecasting a 4% to 6% year-over-year sales decline for the third quarter.
The stock sale does not alter customer service or product pricing for Teradata clients. Shareholders should monitor the company's Q4 financial results, where management expects to see a return to sales growth.
The takeaway
Executive stock sales scheduled under pre-arranged plans generally reflect long-term financial planning rather than immediate concerns about company performance. Investors should look to the upcoming fourth-quarter earnings report to assess the company's broader sales recovery trajectory.
Further reading
For more information on market activity in the region, visit the Public Companies section.
Source note: This article includes information reported by The Motley Fool.
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Should significant stock sales by company insiders make you trust a company's long-term performance less?
