Dynatrace Inc’s recently made public that its Chief Executive Officer MCCONNELL RICK M unloaded Company’s shares for reported $2.58 million on Sep 16 ’24. In the deal valued at $51.50 per share,50,000 shares were sold. As a result of this transaction, MCCONNELL RICK M now holds 650,587 shares worth roughly $34.74 million.
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Then, MCCONNELL RICK M bought 80,000 shares, generating $4,073,600 in total proceeds.
Before that, KENNETH VIRNIG II bought 25,700 shares. Dynatrace Inc shares valued at $1,300,818 were divested by the Director at a price of $50.62 per share.
Barclays upgraded its Dynatrace Inc [DT] rating to an Overweight from a an Equal weight in a research note published on October 07, 2024; the price target was increased to $64 from $52. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Cleveland Research also remained covering DT and has increased its forecast on April 18, 2024 with a “Buy” recommendation from previously “Neutral” rating. Needham revised its rating on April 01, 2024. It rated DT as “a Hold” which previously was an “a Buy”.
Price Performance Review of DT
On Monday, Dynatrace Inc [NYSE:DT] saw its stock fall -0.80% to $53.40. Over the last five days, the stock has lost -0.13%. Dynatrace Inc shares have fallen nearly -2.36% since the year began. Nevertheless, the stocks have risen 13.57% 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 $49.48, while 200 days put it at $48.89.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 52.90, which if violated will result in even more drops to 52.40. On the upside, there is a resistance level at 54.30. A further resistance level may holdings at 55.20. The Relative Strength Index (RSI) on the 14-day chart is 63.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.57%. Stochastics %K at 76.59% 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 2024-09-13, growing by 0.65 million shares to a total of 5.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.6 million shares. There was a rise of 12.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 18, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $60 price target.
