Dynatrace Inc’s recently made public that its Director KENNETH VIRNIG II acquired Company’s shares for reported $1.3 million on Sep 10 ’24. In the deal valued at $50.62 per share,25,700 shares were bought.
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Then, Zugelder Dan sold 11,022 shares, generating $547,860 in total proceeds. Upon selling the shares at $49.71, the EVP, Chief Revenue Officer now owns 217,465 shares.
Before that, Greifeneder Bernd sold 26 shares. Dynatrace Inc shares valued at $1,287 were divested by the EVP, Chief Technology Officer at a price of $49.48 per share. As a result of the transaction, Greifeneder Bernd now holds 1,970 shares, worth roughly $99957.8.
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 0.32% to $50.74. Over the last five days, the stock has gained 1.12%. Dynatrace Inc shares have fallen nearly -7.22% since the year began. Nevertheless, the stocks have risen 6.44% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $39.42 was recorded on 08/05/24. SMA at 50 days reached $46.73, while 200 days put it at $49.03.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 50.33, which if violated will result in even more drops to 49.91. On the upside, there is a resistance level at 51.28. A further resistance level may holdings at 51.81. The Relative Strength Index (RSI) on the 14-day chart is 63.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.15%. Stochastics %K at 68.95% 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 2024-08-30, growing by 0.39 million shares to a total of 4.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.55 million shares. There was a rise of 7.84%, which implies that there is a positive sentiment for the stock.
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.
