By Nate Wolf

Teradata is shaking up its board of directors as part of an agreement with activist investor Lynrock Lake. Wall Street seems to like the move.

The board will appoint Melissa Fisher, previously the chief financial officer of Outreach.io, as a director by March 1 and will work with Lynrock Lake to identify another independent director to join the board later this year. Two current directors will retire over the next two years as part of the plan.

Shares of Teradata, which makes a cloud database and data analytics platform, jumped 35% to $39.55 on Wednesday.

Lynrock Lake filed a securities disclosure last March changing to the stance of an activist investor and announcing that it had amassed 9.4 million shares in Teradata -- about 10% of the company. The investment firm viewed Teradata stock as undervalued and pushed for the hiring of a permanent chief financial officer. Teradata appointed John Ederer as CFO two months later.

Teradata stock is up more than 60% over the last 12 months, but remains down more than 50% from its all-time closing high of $80.62 in September 2012.

"We firmly believe in the long-term value potential of Teradata and look forward to Melissa's contributions and further Board refreshment to advance the Company's strategic initiatives and enhance value for all shareholders," said Lynrock Lake CEO Cynthia Paul.

As part of the agreement, Lynrock Lake will support the board's full slate of directors at the company's 2026 annual meeting, and also agreed to certain customary standstill provisions limiting further activist activity.

Write to Nate Wolf at nate.wolf@barrons.com

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February 11, 2026 10:39 ET (15:39 GMT)

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