Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Dynatrace (DT) on February 22 and set a price target of $55.00. The company’s shares closed last Tuesday at $50.63, close to its 52-week high of $56.77.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 33.4% and a 70.7% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Cloudflare.
Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $58.58, which is a 21.8% upside from current levels. In a report issued on February 12, Needham also assigned a Buy rating to the stock with a $66.00 price target.
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Based on Dynatrace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $183 million and net profit of $18.42 million. In comparison, last year the company earned revenue of $143 million and had a net profit of $1.76 million.
Based on the recent corporate insider activity of 76 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.
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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.
