Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dynatrace Inc shares valued at $3,649,589 were sold by Dollentz-Scharer Matthias on Nov 25 ’24. At $55.31 per share, Dollentz-Scharer Matthias sold 65,987 shares. The insider’s holdings dropped to 100,387 shares worth approximately $5.57 million following the completion of this transaction.
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Also, MCCONNELL RICK M sold 30,000 shares, netting a total of over 1,598,466 in proceeds. Following the sale of shares at $53.28 each, the insider now holds 620,587 shares.
Before that, LIFSHATZ STEPHEN J had sold 2,500 shares from its account. In a trade valued at $137,500, the Director traded Dynatrace Inc shares for $55.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.16 million.
As published in their initiating research note from UBS on November 27, 2024, Dynatrace Inc [DT] has been a Neutral and the price target has been revised to $58. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. Earlier on October 08, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for DT stock.
Analyzing DT Stock Performance
During the last five days, there has been a surge of approximately 8.55%. Over the course of the year, Dynatrace Inc shares have jumped approximately 1.41%. 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 $53.66, while a 200-day SMA reached $48.50. Nevertheless, trading volume fell to 2.8 million shares from 8.76 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 54.80, which, if violated, would cause prices to drop to 54.15. In the upper region, resistance lies at 56.03. The next price resistance is at 56.61. RSI (Relative Strength Index) is 58.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 12.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
