Dun & Bradstreet Holdings Inc’s recent filing unveils that its Director Cannae Holdings, Inc. unloaded Company’s shares for reported $100.9 million on Mar 18 ’24. In the deal valued at $10.09 per share,10,000,000 shares were sold. As a result of this transaction, Cannae Holdings, Inc. now holds 69,048,691 shares worth roughly $655.27 million.
Then, THOMAS H. LEE ADVISORS, LLC sold 13,396,742 shares, generating $127,429,810 in total proceeds. Upon selling the shares at $9.51, the Director now owns 22,525,103 shares.
Before that, THOMAS H. LEE ADVISORS, LLC sold 13,396,742 shares. Dun & Bradstreet Holdings Inc shares valued at $127,429,810 were divested by the Director at a price of $9.51 per share. As a result of the transaction, THOMAS H. LEE ADVISORS, LLC now holds 22,525,103 shares, worth roughly $213.76 million.
Raymond James upgraded its Dun & Bradstreet Holdings Inc [DNB] rating to a Strong buy from a an Outperform in a research note published recently. Deutsche Bank also remained covering DNB and has increased its forecast on February 23, 2023 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on January 17, 2023. It rated DNB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of DNB
On Friday, Dun & Bradstreet Holdings Inc [NYSE:DNB] saw its stock fall -0.84% to $9.49. Over the last five days, the stock has lost -5.48%. Dun & Bradstreet Holdings Inc shares have fallen nearly -18.89% since the year began. Nevertheless, the stocks have fallen -16.83% over the past one year. While a 52-week high of $12.62 was reached on 01/05/24, a 52-week low of $8.68 was recorded on 03/22/24. SMA at 50 days reached $10.55, while 200 days put it at $10.71. A total of 3.01 million shares were traded, compared to the trading of 3.41 million shares in the previous session.
Levels Of Support And Resistance For DNB Stock
The 24-hour chart illustrates a support level at 9.40, which if violated will result in even more drops to 9.32. On the upside, there is a resistance level at 9.56. A further resistance level may holdings at 9.64. The Relative Strength Index (RSI) on the 14-day chart is 34.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.82%. Stochastics %K at 34.05% indicates the stock is a holding.
How much short interest is there in Dun & Bradstreet Holdings Inc?
A steep rise in short interest was recorded in Dun & Bradstreet Holdings Inc stocks on Mar 15, 2024, growing by 0.14 million shares to a total of 14.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.07 million shares. There was a rise of 0.99%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.03.
The most recent change occurred on July 13, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $21 price target.
