The Potential Rise in the Price of Atlassian Corporation Plc (TEAM) following insiders activity

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Atlassian Corporation Plc’s recently made public that its Co-CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.5 million on Nov 03. In the deal valued at $174.38 per share,8,614 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 335,946 shares worth roughly $ 41.57 million.


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Then, Farquhar Scott sold 8,614 shares, generating $1,502,144 in total proceeds. Upon selling the shares at $174.38, the Co-CEO, Co-Founder now owns 335,946 shares.

Before that, Farquhar Scott sold 8,614 shares. Atlassian Corporation Plc shares valued at $1,525,135 were divested by the Co-CEO, Co-Founder at a price of $177.05 per share. As a result of the transaction, Farquhar Scott now holds 344,560 shares, worth roughly $42.63 million.

Piper Sandler downgraded its Atlassian Corporation Plc [TEAM] rating to a Neutral from a an Overweight in a research note published on Friday, November 04, 2022; the price target was decreased to $148 from $283. PT values the company’s stock at a premium of 16.4 to its Friday closing price. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Bernstein began covering TEAM with “an Outperform” recommendation on July 20, 2022. Goldman revised its rating on June 27, 2022. It rated TEAM as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TEAM

On Friday, Atlassian Corporation Plc [NASDAQ:TEAM] saw its stock fall -28.96% to $123.73. On the same session, the stock had its day’s lowest price of $115.06, but rose to a high of $133.00. Over the last five days, the stock has lost -38.39%. Atlassian Corporation Plc shares have fallen nearly -67.55% since the year began. Nevertheless, the stocks have fallen -72.45% over the past one year. While a 52-week high of $454.95 was reached on 01/03/22, a 52-week low of $159.54 was recorded on 11/04/22. SMA at 50 days reached $218.94, while 200 days put it at $238.47. A total of 15.57 million shares were traded, compared to the trading of 3.58 million shares in the previous session.

Levels Of Support And Resistance For TEAM Stock

The 24-hour chart illustrates a support level at 114.86, which if violated will result in even more drops to 105.99. On the upside, there is a resistance level at 132.80. A further resistance level may holdings at 141.87. The Relative Strength Index (RSI) on the 14-day chart is 22.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -31.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.24%. Stochastics %K at 8.06% indicates the stock is a buying.

How much short interest is there in Atlassian Corporation Plc?

A steep rise in short interest was recorded in Atlassian Corporation Plc stocks on Jul 14, 2022, dropping by -1.19 million shares to a total of 3.36 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.55 million shares. There was a decline of -35.42%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.

Atlassian Corporation Plc [TEAM] – Who Are The Largest Shareholders?

In filings from Disciplined Investments LLC, it is revealed that the company now owns 2 shares, or roughly 0.00% of the outstanding TEAM shares. At present, Stf Management LP is holding 205 shares valued at $0.0. AOT Invest LLC owned 213 shares of the company at the time of its most recent 13F filing, worth $0.0.

According to FactSet, Atlassian Corporation Plc’s share price will average $227.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.97 percent from its previous closing price of $174.17. Analysts expect Atlassian Corporation Plc stock to reach the higher price of $470.00, while the lowest price estimate is $147.00. However, 25 analysts have rated TEAM stock as an Overweight in their predictions for 2022.

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