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Atlassian Corporation (TEAM) receives an Overweight rating from KeyBanc Capital Markets

Atlassian Corporation’s recently made public that its President BHARADWAJ ANUTTHARA unloaded Company’s shares for reported $1.03 million on Nov 01 ’24. In the deal valued at $225.45 per share,4,560 shares were sold. As a result of this transaction, BHARADWAJ ANUTTHARA now holds 224,436 shares worth roughly $49.14 million.

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Then, FERNANDEZ HEATHER MIRJAHANGIR sold 1,500 shares, generating $338,175 in total proceeds. Upon selling the shares at $225.45, the Director now owns 8,610 shares.

Before that, LIU GENE sold 1,024 shares. Atlassian Corporation shares valued at $230,861 were divested by the Chief Accounting Officer at a price of $225.45 per share. As a result of the transaction, LIU GENE now holds 59,168 shares, worth roughly $12.96 million.

KeyBanc Capital Markets upgraded its Atlassian Corporation [TEAM] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Market perform”‘ rating for it. Raymond James also remained covering TEAM and has increased its forecast on October 01, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Goldman revised its rating on August 02, 2024. It rated TEAM as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TEAM

On Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -2.40% to $218.96. Over the last five days, the stock has gained 16.06%. Atlassian Corporation shares have fallen nearly -7.95% since the year began. Nevertheless, the stocks have risen 20.71% 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 $174.37, while 200 days put it at $183.42.

Levels Of Support And Resistance For TEAM Stock

The 24-hour chart illustrates a support level at 215.51, which if violated will result in even more drops to 212.07. On the upside, there is a resistance level at 221.89. A further resistance level may holdings at 224.83. The Relative Strength Index (RSI) on the 14-day chart is 74.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.70%. Stochastics %K at 63.00% 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.

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