Atlassian Corporation’s filing revealed that its Director Farquhar Scott unloaded Company’s shares for reported $1.33 million on Oct 04 ’24. In the deal valued at $167.31 per share,7,948 shares were sold. As a result of this transaction, Farquhar Scott now holds 476,880 shares worth roughly $79.89 million.
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Then, Cannon-Brookes Michael sold 7,948 shares, generating $1,329,800 in total proceeds. Upon selling the shares at $167.31, the CEO, Co-Founder now owns 476,880 shares.
Before that, Farquhar Scott sold 7,948 shares. Atlassian Corporation shares valued at $1,272,764 were divested by the Director at a price of $160.14 per share. As a result of the transaction, Farquhar Scott now holds 484,828 shares, worth roughly $81.22 million.
Raymond James upgraded its Atlassian Corporation [TEAM] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Robert W. Baird also remained covering TEAM and has decreased its forecast on August 02, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. CapitalOne revised its rating on July 11, 2024. It rated TEAM as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of TEAM
On Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -2.03% to $167.53. Over the last five days, the stock has gained 5.49%. Atlassian Corporation shares have fallen nearly -29.57% since the year began. Nevertheless, the stocks have fallen -10.82% over the past one year. While a 52-week high of $258.69 was reached on 01/30/24, a 52-week low of $135.29 was recorded on 08/05/24. SMA at 50 days reached $159.11, while 200 days put it at $187.99.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 166.09, which if violated will result in even more drops to 164.64. On the upside, there is a resistance level at 170.14. A further resistance level may holdings at 172.74. The Relative Strength Index (RSI) on the 14-day chart is 57.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.17%. Stochastics %K at 72.94% 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 2024-09-13, growing by 0.56 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.36 million shares. There was a rise of 19.25%, which implies that there is a positive sentiment for the stock.
