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. Gartner, Inc shares valued at $47,746 were sold by Rinello John J on Feb 10 ’25. At $530.51 per share, Rinello John J sold 90 shares. The insider’s holdings dropped to 3,259 shares worth approximately $1.69 million following the completion of this transaction.
Also, Rinello John J purchased 188 shares, netting a total of over 99,736 in proceeds.
Before that, Dawkins Alwyn had added 3,853 shares to its account. In a trade valued at $2,093,873, the Officer bought Gartner, Inc shares for $543.44 each.
As published in a research note from Barclays on January 10, 2025, Gartner, Inc [IT] has been rated up from an Equal weight to an Overweight and the price target has been revised to $600 from $525. Analysts at Wells Fargo started covering the stock with ‘”an Underweight”‘ outlook in a report released in mid August. As of April 16, 2024, Deutsche Bank has initiated its “Hold” rating for IT. Earlier on April 11, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for IT stock which previously was a “a Neutral”.
Analyzing IT Stock Performance
During the last five days, there has been a drop of approximately -3.23%. Over the course of the year, Gartner, Inc shares have jumped approximately 6.75%. Shares of the company reached a 52-week high of $584.01 on 02/04/25 and a 52-week low of $480.20 on 01/02/25. A 50-day SMA is recorded $511.90, while a 200-day SMA reached $488.26. Nevertheless, trading volume fell to 0.5 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Gartner, Inc (IT)
According to the 24-hour chart, there is a support level at 512.48, which, if violated, would cause prices to drop to 507.79. In the upper region, resistance lies at 520.17. The next price resistance is at 523.18. RSI (Relative Strength Index) is 45.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.35, which suggests the price will decrease in the coming days. Percent R is at 90.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
