Sunday, June 26, 2022

A company insider recently sold 100,000 shares of Dun & Bradstreet Holdings Inc. [DNB]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dun & Bradstreet Holdings Inc. shares valued at $1,490,040 were sold by Massey Richard N on Jun 21. At $14.90 per share, Massey Richard N sold 100,000 shares. The insider’s holdings dropped to 199,882 shares worth approximately $2.93 million following the completion of this transaction.

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Also, Hipsher Bryan T. purchased 7,000 shares, netting a total of over 98,166 in proceeds. Following the buying of shares at $14.02 each, the insider now holds 831,721 shares.

Before that, Jabbour Anthony M had added 105,000 shares to its account. In a trade valued at $1,453,242, the Chief Executive Officer bought Dun & Bradstreet Holdings Inc. shares for $13.84 each. Upon closing the transaction, the insider’s holdings increased to 105,000 shares, worth approximately $5.26 million.

As published in a research note from RBC Capital Mkts on June 06, 2022, Dun & Bradstreet Holdings Inc. [DNB] has been rated down from an Outperform to a Sector perform and the price target has been revised to $18 from $16. This represents a 18.67% premium over Wednesday’s closing price. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in late March. Earlier on January 24, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for DNB stock which previously was a “an Overweight”.

Analyzing DNB’s Price Performance

On Wednesday, Dun & Bradstreet Holdings Inc. [NYSE: DNB] rose 0.27% to $14.64. The stock’s lowest price that day was $14.42, but it reached a high of $14.89 in the same session. During the last five days, there has been a surge of approximately 6.01%. Over the course of the year, Dun & Bradstreet Holdings Inc. shares have dropped approximately -28.55%. Shares of the company reached a 52-week high of $20.86 on 02/02/22 and a 52-week low of $13.67 on 06/14/22. A 50-day SMA is recorded $16.08, while a 200-day SMA reached $17.96. Nevertheless, trading volume fell to 1.16 million shares from 1.49 million shares the previous day.

Support And Resistance Levels for Dun & Bradstreet Holdings Inc. (DNB)

According to the 24-hour chart, there is a support level at 14.41, which, if violated, would cause prices to drop to 14.18. In the upper region, resistance lies at 14.88. The next price resistance is at 15.12. RSI (Relative Strength Index) is 40.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 69.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Dun & Bradstreet Holdings Inc. subject to short interest?

Stocks of Dun & Bradstreet Holdings Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -2.32 million shares to 7.27 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 9.59 million shares. A decline of -31.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.49 of the overall float, the days-to-cover ratio (short ratio) decline to 5.49.

Which companies own the most shares of Dun & Bradstreet Holdings Inc. (DNB)?

According to Capital Research & Management Co filings, the company currently owns 26,497,270 shares, which is about 6.10% of the total DNB shares outstanding. The investor’s shares have appreciated by 1,004,250 from its previous 13-F filing of 25493020.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $339,347,815. Mawer Investment Management Ltd. acquire a 182.07% interest valued at $274.45 million while Massachusetts Financial Services purchased a 2,678,002 stake. A total of -270,119 shares of Dun & Bradstreet Holdings Inc. were bought by Wellington Management Co. LLP during the quarter, and -276,350 were sold by Rivulet Capital LLC. In its current portfolio, Allspring Global Investments LLC holds 7,577,539 shares valued at $130.86 million.

On July 08, 2021, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and resumed coverage with a $30.

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