Lynrock Lake LP Sells $71.45M of Teradata Stock, Reducing Stake to 7.6%
TDC sits 60% above its 52-week low of $19.83.
Summary
Major institutional investor Lynrock Lake LP has significantly reduced its stake in Teradata, selling $71.45 million worth of shares over the last 60 days, bringing its ownership down to 7.6%.
Key Events · Ownership and Investor Activity · TDC
-
Major Shareholder Divestment
Lynrock Lake LP sold a total of 2,165,275 shares of Teradata common stock through multiple transactions.
-
Significant Transaction Value
The total value of shares sold by Lynrock Lake LP amounts to approximately $71.45 million.
-
Reduced Ownership Stake
Lynrock Lake LP's beneficial ownership has decreased to 7.6% of Teradata's outstanding common stock, down from a previously higher stake.
-
Timing and Pricing of Sales
Sales occurred between June 10 and June 17, 2026, at weighted average prices ranging from $32.37 to $33.53 per share.
Analysis · TDC · Technology
Lynrock Lake LP, a significant institutional investor, has sold approximately $71.45 million worth of Teradata common stock over the past 60 days, reducing its beneficial ownership from a previously higher stake to 7.6%. This substantial divestment, representing about 2.4% of the company's market capitalization and over 30% of Lynrock Lake's prior holdings, indicates a significant reduction in conviction by a major shareholder. While institutional investors often rebalance portfolios, a sale of this magnitude by a 13D filer can signal a shift in their investment thesis or a move to monetize gains.
At the time of this filing, TDC was trading at $31.69 on NYSE in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $19.83 to $41.78. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.