In a filing, Dynatrace Inc revealed 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 $21.94 million.
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 $23.09 million.
Needham downgraded its Dynatrace Inc [DT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. CapitalOne began covering DT with “an Overweight” recommendation on February 21, 2024. Morgan Stanley started covering the stock on February 13, 2024. It rated DT as “an Equal-weight”.
Price Performance Review of DT
On Friday, Dynatrace Inc [NYSE:DT] saw its stock jump 0.02% to $45.98. Over the last five days, the stock has lost -0.99%. Dynatrace Inc shares have fallen nearly -15.93% since the year began. Nevertheless, the stocks have risen 8.98% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $40.27 was recorded on 04/03/24. SMA at 50 days reached $50.41, while 200 days put it at $50.45. A total of 2.84 million shares were traded, compared to the trading of 2.77 million shares in the previous session.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 45.55, which if violated will result in even more drops to 45.11. On the upside, there is a resistance level at 46.47. A further resistance level may holdings at 46.95. The Relative Strength Index (RSI) on the 14-day chart is 40.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.13%. Stochastics %K at 30.96% 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 Mar 15, 2024, dropping by -2.16 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.13 million shares. There was a decline of -54.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.82.
The most recent change occurred on December 05, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $62 price target.
