Dynatrace Inc’s recent filing unveils that its Chief Executive Officer MCCONNELL RICK M unloaded Company’s shares for reported $1.16 million on Mar 15 ’24. In the deal valued at $46.29 per share,25,000 shares were sold. As a result of this transaction, MCCONNELL RICK M now holds 477,105 shares worth roughly $22.02 million.
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Then, Zugelder Dan sold 4,302 shares, generating $199,020 in total proceeds. Upon selling the shares at $46.26, the SVP, Chief Revenue Officer now owns 83,037 shares.
Before that, MCCONNELL RICK M sold 12,001 shares. Dynatrace Inc shares valued at $562,645 were divested by the Chief Executive Officer at a price of $46.88 per share. As a result of the transaction, MCCONNELL RICK M now holds 502,105 shares, worth roughly $23.18 million.
Wolfe Research initiated its Dynatrace Inc [DT] rating to an Outperform in a research note published on March 18, 2024; the price target was $60. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late February with a ‘”an Overweight”‘ rating. Morgan Stanley began covering DT with “an Equal-weight” recommendation on February 13, 2024. Scotiabank started covering the stock on December 05, 2023. It rated DT as “a Sector outperform”.
Price Performance Review of DT
On Monday, Dynatrace Inc [NYSE:DT] saw its stock fall -0.37% to $46.16. Over the last five days, the stock has gained 1.41%. Dynatrace Inc shares have fallen nearly -15.60% since the year began. Nevertheless, the stocks have risen 17.13% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $38.63 was recorded on 03/19/24. SMA at 50 days reached $52.24, while 200 days put it at $50.67. A total of 2.26 million shares were traded, compared to the trading of 2.95 million shares in the previous session.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 45.88, which if violated will result in even more drops to 45.60. On the upside, there is a resistance level at 46.46. A further resistance level may holdings at 46.76. The Relative Strength Index (RSI) on the 14-day chart is 34.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.28%. Stochastics %K at 33.18% indicates the stock is a holding.
How much short interest is there in Dynatrace Inc?
A steep rise in short interest was recorded in Dynatrace Inc stocks on Feb 29, 2024, dropping by -2.01 million shares to a total of 5.31 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.32 million shares. There was a decline of -37.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.23.
The most recent change occurred on October 23, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $58 price target.
