In a report issued on March 29, Matthew Hedberg from RBC Capital maintained a Buy rating on Dynatrace (DT), with a price target of $32.00. The company’s shares closed last Tuesday at $23.84.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 17.6% and a 66.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, Altair Engineering, and Netscout Systems.
Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $35.00, implying a 42.6% upside from current levels. In a report issued on March 16, Barclays also maintained a Buy rating on the stock with a $28.00 price target.
See today’s analyst top recommended stocks >>
Based on Dynatrace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $143 million and net profit of $1.76 million. In comparison, last year the company earned revenue of $115 million and had a GAAP net loss of $22.1 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dynatrace, Inc. offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users. It specializes in cloud ecosystem integration, incident and alert management integration, DevOps CI/CD integration, user experience and business intelligence insights. The company was founded in 2014 and is headquartered in Waltham, MA.
