Waltham, MA – Dan Zugelder, the Executive Vice President and Chief Revenue Officer at Dynatrace, Inc. (NYSE:DT), recently sold 11,021 shares of the company's common stock, totaling $646,749. The shares were sold at an average price of $58.68 per share, with prices ranging from $58.25 to $59.09. The transaction comes as Dynatrace, currently valued at $17.16 billion, trades near its 52-week high of $61.41, having gained over 26% in the past six months. This transaction was carried out under a pre-established Rule 10b5-1 trading plan adopted on December 12, 2023.
Following this sale, Zugelder retains direct ownership of 197,690 shares. The sale was part of a series of transactions, including shares withheld to satisfy tax obligations upon the vesting of restricted stock units (RSUs) and performance stock units (PSUs). Additionally, Zugelder acquired 531 shares through Dynatrace's Employee Stock Purchase Plan, reflecting his continued investment in the company, which holds more cash than debt on its balance sheet and has demonstrated strong returns over the past five years.
In other recent news, Dynatrace reported robust earnings and revenue results, with a 19% year-over-year growth in Annual Recurring Revenue (ARR) to $1.62 billion, and a 20% increase in subscription revenue. Despite this strong performance, Dynatrace maintains its full-year ARR guidance at $1.72 to $1.735 billion, reflecting 15% to 16% growth. However, the total revenue guidance for the full year was raised to $1.67 to $1.68 billion, and non-GAAP operating margin guidance increased to 28% to 28.25%. BMO Capital Markets increased Dynatrace's price target to $61, reflecting a positive outlook on the company's recent financial performance and future revenue potential. Similarly, Loop Capital increased their price target to $55, acknowledging Dynatrace’s solid ARR growth. Guggenheim maintained its Buy rating on Dynatrace with a $64 target, highlighting the company's substantial performance and total revenue. These recent developments reflect analysts' growing confidence in Dynatrace's financial performance and market position. However, it's noted that the productivity of the sales team could be affected by the high proportion of sales representatives with less than a year at the company. As these recent changes mature, analysts anticipate sustainable mid to high teens growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.