The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dynatrace Inc shares valued at $2,575,105 were sold by MCCONNELL RICK M on Sep 16 ’24. At $51.50 per share, MCCONNELL RICK M sold 50,000 shares. The insider’s holdings dropped to 650,587 shares worth approximately $34.33 million following the completion of this transaction.
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Also, MCCONNELL RICK M purchased 80,000 shares, netting a total of over 4,073,600 in proceeds.
Before that, KENNETH VIRNIG II had added 25,700 shares to its account. In a trade valued at $1,300,818, the Director bought Dynatrace Inc shares for $50.62 each.
As published in their initiating research note from Piper Sandler on June 27, 2024, Dynatrace Inc [DT] has been a Neutral and the price target has been revised to $50. Analysts at Cleveland Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of April 01, 2024, Needham has decreased its “Buy” rating to a “Hold” for DT. Earlier on March 18, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for DT stock.
Analyzing DT Stock Performance
During the last five days, there has been a surge of approximately 0.36%. Over the course of the year, Dynatrace Inc shares have dropped approximately -3.51%. Shares of the company reached a 52-week high of $61.41 on 02/05/24 and a 52-week low of $39.42 on 08/05/24. A 50-day SMA is recorded $49.09, while a 200-day SMA reached $48.90. Nevertheless, trading volume fell to 1.63 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Dynatrace Inc (DT)
According to the 24-hour chart, there is a support level at 52.18, which, if violated, would cause prices to drop to 51.60. In the upper region, resistance lies at 53.16. The next price resistance is at 53.55. RSI (Relative Strength Index) is 62.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 31.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
