In a filing, Atlassian Corporation revealed its Co-CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.47 million on Apr 26 ’24. In the deal valued at $178.95 per share,8,241 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 349,968 shares worth roughly $61.97 million.
Then, Farquhar Scott sold 8,241 shares, generating $1,474,686 in total proceeds. Upon selling the shares at $178.95, the Co-CEO, Co-Founder now owns 349,968 shares.
Before that, Cannon-Brookes Michael sold 8,241 shares. Atlassian Corporation shares valued at $1,627,835 were divested by the Co-CEO, Co-Founder at a price of $197.53 per share. As a result of the transaction, Cannon-Brookes Michael now holds 358,209 shares, worth roughly $63.43 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 -1.33% to $177.07. Over the last five days, the stock has lost -8.85%. Atlassian Corporation shares have fallen nearly -25.56% since the year began. Nevertheless, the stocks have risen 15.15% 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 04/26/24. SMA at 50 days reached $199.62, while 200 days put it at $201.85. A total of 2.19 million shares were traded, compared to the trading of 0.84 million shares in the previous session.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 173.98, which if violated will result in even more drops to 170.90. On the upside, there is a resistance level at 181.26. A further resistance level may holdings at 185.46. The Relative Strength Index (RSI) on the 14-day chart is 33.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.53%. Stochastics %K at 19.70% indicates the stock is a buying.
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.
