Dynatrace Inc’s recent filing unveils that its EVP, Chief Technology Officer Greifeneder Bernd unloaded Company’s shares for reported $2.89 million on Dec 04 ’24. In the deal valued at $57.83 per share,50,000 shares were sold. As a result of this transaction, Greifeneder Bernd now holds 1,007,038 shares worth roughly $58.72 million.
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Then, DANIEL J ZUGELDER bought 11,021 shares, generating $646,750 in total proceeds.
Before that, Dollentz-Scharer Matthias sold 65,987 shares. Dynatrace Inc shares valued at $3,649,589 were divested by the EVP, Chief Customer Officer at a price of $55.31 per share. As a result of the transaction, Dollentz-Scharer Matthias now holds 100,387 shares, worth roughly $5.85 million.
UBS initiated its Dynatrace Inc [DT] rating to a Neutral in a research note published on November 27, 2024; the price target was $58. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. Exane BNP Paribas started covering the stock on October 08, 2024. It rated DT as “a Neutral”.
Price Performance Review of DT
On Friday, Dynatrace Inc [NYSE:DT] saw its stock fall -0.55% to $58.31. Over the last five days, the stock has gained 3.77%. Dynatrace Inc shares have risen nearly 6.62% since the year began. Nevertheless, the stocks have risen 7.60% 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 $54.32, while 200 days put it at $48.70.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 58.00, which if violated will result in even more drops to 57.70. On the upside, there is a resistance level at 58.85. A further resistance level may holdings at 59.40. The Relative Strength Index (RSI) on the 14-day chart is 64.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.34%. Stochastics %K at 90.18% indicates the stock is a selling.
How much short interest is there in Dynatrace Inc?
A steep rise in short interest was recorded in Dynatrace Inc stocks on 2024-11-15, dropping by -0.5 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.32 million shares. There was a decline of -7.37%, which implies that there is a negative sentiment for the stock.