Atlassian Corporation’s filing revealed that its Co-CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.71 million on Apr 12 ’24. In the deal valued at $207.36 per share,8,241 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 432,378 shares worth roughly $82.95 million.
Then, Farquhar Scott sold 8,241 shares, generating $1,708,878 in total proceeds. Upon selling the shares at $207.36, the Co-CEO, Co-Founder now owns 432,378 shares.
Before that, Cannon-Brookes Michael sold 8,241 shares. Atlassian Corporation shares valued at $1,757,508 were divested by the Co-CEO, Co-Founder at a price of $213.26 per share. As a result of the transaction, Cannon-Brookes Michael now holds 440,619 shares, worth roughly $84.53 million.
Barclays upgraded its Atlassian Corporation [TEAM] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid March with a ‘”a Sector weight”‘ rating. CapitalOne began covering TEAM with “an Equal weight” recommendation on December 18, 2023. Scotiabank started covering the stock on December 01, 2023. It rated TEAM as “a Sector perform”.
Price Performance Review of TEAM
On Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -7.11% to $191.84. Over the last five days, the stock has lost -3.38%. Atlassian Corporation shares have fallen nearly -19.35% since the year began. Nevertheless, the stocks have risen 14.13% 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 $203.95, while 200 days put it at $200.77. A total of 2.11 million shares were traded, compared to the trading of 2.28 million shares in the previous session.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 186.08, which if violated will result in even more drops to 180.31. On the upside, there is a resistance level at 203.22. A further resistance level may holdings at 214.59. The Relative Strength Index (RSI) on the 14-day chart is 42.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 94.28%. Stochastics %K at 52.19% indicates the stock is a holding.
The most recent change occurred on October 02, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $225 price target.
