Atlassian Corporation’s recent filing unveils that its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.51 million on Oct 25 ’24. In the deal valued at $189.75 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 357,660 shares worth roughly $67.48 million.
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Then, Farquhar Scott sold 7,948 shares, generating $1,508,163 in total proceeds. Upon selling the shares at $189.75, the Director now owns 357,660 shares.
Before that, Cannon-Brookes Michael sold 7,948 shares. Atlassian Corporation shares valued at $1,509,642 were divested by the CEO, Co-Founder at a price of $189.94 per share. As a result of the transaction, Cannon-Brookes Michael now holds 365,608 shares, worth roughly $68.98 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 -0.04% to $188.66. Over the last five days, the stock has lost -2.16%. Atlassian Corporation shares have fallen nearly -20.68% since the year began. Nevertheless, the stocks have risen 7.18% 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 $169.87, while 200 days put it at $184.34.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 187.50, which if violated will result in even more drops to 186.35. On the upside, there is a resistance level at 190.06. A further resistance level may holdings at 191.47. The Relative Strength Index (RSI) on the 14-day chart is 63.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.89%. Stochastics %K at 75.19% 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 2024-10-15, growing by 0.34 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.92 million shares. There was a rise of 10.32%, which implies that there is a positive sentiment for the stock.
