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Dayforce, Inc. (NASDAQ:DAY), a $10.88 billion market cap company, saw its Executive Vice President and Chief Revenue Officer Samer Alkharrat sell 3,232 shares of common stock on September 25, 2025. The shares were sold at $68.78, for a total of $222,296. The stock has shown strong momentum, gaining 18% over the past six months, though InvestingPro analysis indicates the shares are currently trading near Fair Value.
Following the transaction, Alkharrat directly owns 121,167 shares of Dayforce. This amount includes 90,723 unvested restricted stock units and 7,785 unvested performance stock units. According to InvestingPro data, the stock is currently showing signs of being overbought, with 12 additional exclusive insights available to subscribers.
The sale was executed under a Rule 10b5-1 trading plan adopted on December 5, 2024. The company maintains impressive gross profit margins of 51% and is expected to remain profitable this year, based on analyst forecasts available through InvestingPro’s comprehensive research reports.
In other recent news, Dayforce has been the center of attention following its acquisition by Thoma Bravo. The acquisition, valued at $12.3 billion, will take Dayforce private at $70 per share, representing a 32% premium to its unaffected share price on August 15, 2025. To support this transaction, a $5.5 billion leveraged loan was launched by a group of banks led by Goldman Sachs. The deal, which values Dayforce at approximately 4.4 times its estimated 2027 sales, is expected to close in early 2026, pending shareholder and regulatory approval.
Following the acquisition announcement, several analyst firms have adjusted their ratings for Dayforce. Stifel downgraded the stock from Buy to Hold and lowered its price target to $70.00. Mizuho also downgraded Dayforce from Outperform to Neutral, reducing the price target from $80.00 to $70.00. Similarly, BMO Capital downgraded the stock to Market Perform but increased its price target to $70.00 from $67.00. These recent developments reflect the market’s response to the acquisition details and subsequent analyst evaluations.
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