Dynatrace Inc’s filing revealed that its EVP, Chief Revenue Officer Zugelder Dan unloaded Company’s shares for reported $0.68 million on Jul 15 ’24. In the deal valued at $44.22 per share,15,404 shares were sold. As a result of this transaction, Zugelder Dan now holds 237,772 shares worth roughly $9.77 million.
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Then, MCCONNELL RICK M sold 50,000 shares, generating $2,320,395 in total proceeds. Upon selling the shares at $46.41, the Chief Executive Officer now owns 732,491 shares.
Before that, Zugelder Dan sold 18,870 shares. Dynatrace Inc shares valued at $881,512 were divested by the EVP, Chief Revenue Officer at a price of $46.72 per share. As a result of the transaction, Zugelder Dan now holds 253,176 shares, worth roughly $10.4 million.
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 Monday, Dynatrace Inc [NYSE:DT] saw its stock fall -0.51% to $41.08. Over the last five days, the stock has lost -7.52%. Dynatrace Inc shares have fallen nearly -24.89% since the year began. Nevertheless, the stocks have fallen -13.95% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $40.52 was recorded on 08/05/24. SMA at 50 days reached $44.68, while 200 days put it at $48.94. A total of 4.59 million shares were traded, compared to the trading of 4.09 million shares in the previous session.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 39.89, which if violated will result in even more drops to 38.70. On the upside, there is a resistance level at 41.80. A further resistance level may holdings at 42.51. The Relative Strength Index (RSI) on the 14-day chart is 33.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.13%. Stochastics%K at 19.12% indicates the stock is a buying.
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.
