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 $0.13 million following the completion of this transaction.
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 $60.86 million.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Dynatrace Inc [DT] has been a Neutral and the price target has been revised to $58. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 27, 2024, UBS has initiated its “Neutral” rating for DT. Earlier on November 08, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for DT stock.
Analyzing DT Stock Performance
During the last five days, there has been a surge of approximately 5.37%. Over the course of the year, Dynatrace Inc shares have jumped approximately 11.19%. Shares of the company reached a 52-week high of $60.51 on 02/05/25 and a 52-week low of $50.06 on 01/13/25. A 50-day SMA is recorded $55.17, while a 200-day SMA reached $50.26. Nevertheless, trading volume fell to 3.12 million shares from 3.75 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 59.36, which, if violated, would cause prices to drop to 58.28. In the upper region, resistance lies at 61.01. The next price resistance is at 61.58. RSI (Relative Strength Index) is 74.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.38, which suggests the price will increase in the coming days. Percent R is at 0.80%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
