Dun & Bradstreet Holdings Inc. [DNB] Director makes an insider purchase of 1,357,665 shares worth 18.53 million.

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 $18,532,127 were sold by Cannae Holdings, Inc. on Jul 13. At $13.65 per share, Cannae Holdings, Inc. sold 1,357,665 shares. The insider’s holdings dropped to 79,048,691 shares worth approximately $1.08 billion following the completion of this transaction.


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Also, Cannae Holdings, Inc. sold 7,871,685 shares, netting a total of over 108,707,970 in proceeds. Following the sale of shares at $13.81 each, the insider now holds 80,406,356 shares.

Before that, Massey Richard N had sold 100,000 shares from its account. In a trade valued at $1,490,040, the Director traded Dun & Bradstreet Holdings Inc. shares for $14.90 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $2.73 million.

As published in their initiating research note from Wells Fargo on July 13, 2022, Dun & Bradstreet Holdings Inc. [DNB] has been an Overweight and the price target has been revised to $21. This represents a 34.9% premium over Wednesday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early July. As of June 06, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for DNB. Earlier on March 30, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for DNB stock.

Analyzing DNB’s Price Performance

On Wednesday, Dun & Bradstreet Holdings Inc. [NYSE: DNB] rose 1.56% to $13.67. The stock’s lowest price that day was $13.45, but it reached a high of $14.035 in the same session. During the last five days, there has been a drop of approximately -6.56%. Over the course of the year, Dun & Bradstreet Holdings Inc. shares have dropped approximately -33.28%. Shares of the company reached a 52-week high of $20.86 on 02/02/22 and a 52-week low of $13.27 on 09/20/22. A 50-day SMA is recorded $15.16, while a 200-day SMA reached $16.91. Nevertheless, trading volume fell to 2.31 million shares from 2.34 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 13.40, which, if violated, would cause prices to drop to 13.13. In the upper region, resistance lies at 13.99. The next price resistance is at 14.30. RSI (Relative Strength Index) is 33.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 80.10%, indicating bearish price movement. Stochastics %K at buying 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 rise in short interest on Jul 14, 2022 jumping by 4.27 million shares to 12.2 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.93 million shares. A jump of 35.0% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.64.

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

According to Capital Research & Management Co filings, the company currently owns 25,859,129 shares, which is about 5.96% of the total DNB shares outstanding. The investor’s shares have plunged by -638,141 from its previous 13-F filing of 26497270.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $287,759,840. Mawer Investment Management Ltd. acquire a 26.72% interest valued at $286.96 million while Massachusetts Financial Services purchased a 2,199,107 stake. A total of -998,319 shares of Dun & Bradstreet Holdings Inc. were bought by Wellington Management Co. LLP during the quarter, and -422,300 were sold by Rivulet Capital LLC. In its current portfolio, Allspring Global Investments LLC holds 7,595,149 shares valued at $108.23 million.

In spite of this, 14 analysts ranked Dun & Bradstreet Holdings Inc. stock as an Overweight at the end of 2022. On March 11, 2022, BofA Securities assigned a price target of “a Neutral” to the stock and resumed coverage with a $15.50.

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