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 $1,584 were sold by Greifeneder Bernd on Dec 06 ’24. At $58.65 per share, Greifeneder Bernd sold 27 shares. The insider’s holdings dropped to 2,126 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Zugelder Dan sold 11,021 shares, netting a total of over 646,750 in proceeds. Following the sale of shares at $58.68 each, the insider now holds 197,690 shares.
Before that, Greifeneder Bernd had sold 50,000 shares from its account. In a trade valued at $2,891,500, the EVP, Chief Technology Officer traded Dynatrace Inc shares for $57.83 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $55.46 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 drop of approximately -0.77%. Over the course of the year, Dynatrace Inc shares have jumped approximately 0.69%. 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 $54.73, while a 200-day SMA reached $49.12. Nevertheless, trading volume fell to 0.81 million shares from 1.39 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 54.54, which, if violated, would cause prices to drop to 54.02. In the upper region, resistance lies at 55.35. The next price resistance is at 55.63. RSI (Relative Strength Index) is 49.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 67.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
