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Dynatrace, Inc. (NYSE:DT), a software intelligence company with an $18.6 billion market cap and impressive 82% gross profit margins, saw its Chief Executive Officer Rick McConnell recently sell a substantial portion of his holdings. According to a Form 4 filing with the Securities and Exchange Commission, McConnell sold a total of 40,000 shares of common stock over two transactions on February 14, 2025. The shares were sold at a weighted average price range of $61.4154 to $62.14, resulting in total proceeds of approximately $2,456,833. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $63.
Following these transactions, McConnell retains direct ownership of 546,720 shares in Dynatrace. Additionally, on February 15, 2025, 1,964 shares were withheld by the issuer to satisfy McConnell’s tax withholding obligations upon the vesting of restricted stock units, valued at $61.30 per share, amounting to a total of $120,393.
These sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell company stock, helping to avoid any potential accusations of insider trading.
In other recent news, Dynatrace Inc. has been the subject of several analyst reports. Needham maintained a Hold rating on Dynatrace after their Perform user conference, highlighting positive feedback on the Observability product and concerns over the adoption of the Security feature. Goldman Sachs, on the other hand, raised its price target on Dynatrace to $70, citing new product developments and the company’s potential to expand into a larger platform.
In contrast, Cantor Fitzgerald reduced its price target to $57, despite acknowledging strong financial results for the third fiscal quarter of 2025, with subscription growth exceeding expectations. DA Davidson also adjusted its price target for Dynatrace, lifting it to $70 on the back of a robust quarter, driven by higher than anticipated on-demand consumption from Dynatrace Performance Suite customers.
Further, Dynatrace announced new platform enhancements aimed at better utilizing AI for data insights and business resilience during its annual Perform event. These developments, coupled with strategic changes in the company’s go-to-market approach and expansion of its sales team, reflect the recent developments within Dynatrace.
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