Dynatrace Inc’s recently made public that its Chief Executive Officer MCCONNELL RICK M unloaded Company’s shares for reported $2.32 million on Jun 13 ’24. In the deal valued at $46.41 per share,50,000 shares were sold. As a result of this transaction, MCCONNELL RICK M now holds 732,491 shares worth roughly $32.77 million.
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Then, Zugelder Dan sold 18,870 shares, generating $881,512 in total proceeds. Upon selling the shares at $46.72, the EVP, Chief Revenue Officer now owns 253,176 shares.
Before that, Greifeneder Bernd sold 103 shares. Dynatrace Inc shares valued at $4,849 were divested by the EVP, Chief Technology Officer at a price of $47.08 per share. As a result of the transaction, Greifeneder Bernd now holds 1,996 shares, worth roughly $89301.04000000001.
Piper Sandler initiated its Dynatrace Inc [DT] rating to a Neutral in a research note published on June 27, 2024; the price target was $50. A number of analysts have revised their coverage, including Cleveland Research’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. Needham also remained covering DT and has decreased its forecast on April 01, 2024 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on March 18, 2024. It rated DT as “an Outperform”.
Price Performance Review of DT
On Friday, Dynatrace Inc [NYSE:DT] saw its stock jump 1.66% to $44.74. Over the last five days, the stock has gained 0.81%. Dynatrace Inc shares have fallen nearly -18.19% since the year began. Nevertheless, the stocks have fallen -12.62% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $42.94 was recorded on 06/26/24. SMA at 50 days reached $46.10, while 200 days put it at $49.35. A total of 5.68 million shares were traded, compared to the trading of 6.14 million shares in the previous session.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 44.35, which if violated will result in even more drops to 43.95. On the upside, there is a resistance level at 45.06. A further resistance level may holdings at 45.38. The Relative Strength Index (RSI) on the 14-day chart is 45.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.49%. Stochastics%K at 24.88% indicates the stock is a holding.
The most recent change occurred on February 21, 2024 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $64 price target.
