Atlassian Corporation’s filing revealed that its Co-CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.62 million on Apr 05 ’24. In the deal valued at $196.25 per share,8,241 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 473,583 shares worth roughly $94.03 million.
Then, Farquhar Scott sold 8,241 shares, generating $1,617,276 in total proceeds. Upon selling the shares at $196.25, the Co-CEO, Co-Founder now owns 473,583 shares.
Before that, Cannon-Brookes Michael sold 8,241 shares. Atlassian Corporation shares valued at $1,614,692 were divested by the Co-CEO, Co-Founder at a price of $195.93 per share. As a result of the transaction, Cannon-Brookes Michael now holds 481,824 shares, worth roughly $95.67 million.
KeyBanc Capital Markets initiated its Atlassian Corporation [TEAM] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in mid December with a ‘”an Equal weight”‘ rating. Scotiabank began covering TEAM with “Sector perform” recommendation on December 01, 2023. UBS started covering the stock on October 02, 2023. It rated TEAM as “a Neutral”.
Price Performance Review of TEAM
On Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock jump 0.98% to $198.55. Over the last five days, the stock has gained 2.68%. Atlassian Corporation shares have fallen nearly -16.53% since the year began. Nevertheless, the stocks have risen 26.47% over the past one year. While a 52-week high of $258.69 was reached on 01/30/24, a 52-week low of $128.02 was recorded on 03/25/24. SMA at 50 days reached $208.85, while 200 days put it at $199.76. A total of 0.78 million shares were traded, compared to the trading of 1.22 million shares in the previous session.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 195.54, which if violated will result in even more drops to 192.52. On the upside, there is a resistance level at 200.25. A further resistance level may holdings at 201.95. The Relative Strength Index (RSI) on the 14-day chart is 48.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.75%. Stochastics %K at 53.52% indicates the stock is a holding.
How much short interest is there in Atlassian Corporation?
A steep rise in short interest was recorded in Atlassian Corporation stocks on Mar 15, 2024, growing by 50000.0 shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.12 million shares. There was a rise of 1.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.75.
The most recent change occurred on June 29, 2023 when Berenberg began covering the stock and recommended ‘”a Hold”‘ rating along with a $150 price target.
