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Keeping an Eye on Dynatrace Inc (DT) After Insider Trading Activity

Dynatrace Inc’s filing revealed that its Chief Executive Officer MCCONNELL RICK M unloaded Company’s shares for reported $1.6 million on Nov 11 ’24. In the deal valued at $53.28 per share,30,000 shares were sold. As a result of this transaction, MCCONNELL RICK M now holds 620,587 shares worth roughly $32.53 million.

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Then, LIFSHATZ STEPHEN J sold 2,500 shares, generating $137,500 in total proceeds. Upon selling the shares at $55.00, the Director now owns 38,971 shares.

Before that, LIFSHATZ STEPHEN J bought 2,500 shares. Dynatrace Inc shares valued at $137,500 were divested by the Director at a price of $55.00 per share.

BMO Capital Markets reiterated its Dynatrace Inc [DT] rating to an Outperform in a research note published on November 08, 2024; the price target was $61. Exane BNP Paribas began covering DT with “Neutral” recommendation on October 08, 2024. Barclays revised its rating on October 07, 2024. It rated DT as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of DT

On Monday, Dynatrace Inc [NYSE:DT] saw its stock jump 0.13% to $52.42. Over the last five days, the stock has lost -1.98%. Dynatrace Inc shares have fallen nearly -4.15% since the year began. Nevertheless, the stocks have risen 2.62% over the past one year. While a 52-week high of $61.41 was reached on 02/05/24, a 52-week low of $39.42 was recorded on 08/05/24. SMA at 50 days reached $53.28, while 200 days put it at $48.58.

Levels Of Support And Resistance For DT Stock

The 24-hour chart illustrates a support level at 51.70, which if violated will result in even more drops to 50.97. On the upside, there is a resistance level at 52.86. A further resistance level may holdings at 53.30. The Relative Strength Index (RSI) on the 14-day chart is 42.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.20%. Stochastics %K at 19.23% indicates the stock is a buying.

How much short interest is there in Dynatrace Inc?

A steep rise in short interest was recorded in Dynatrace Inc stocks on 2024-10-31, dropping by -0.54 million shares to a total of 6.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.49 million shares. There was a decline of -7.76%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 27, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $50 price target.

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