Atlassian Corporation’s recently made public that its Director Farquhar Scott unloaded Company’s shares for reported $1.88 million on Nov 08 ’24. In the deal valued at $237.04 per share,7,948 shares were sold. As a result of this transaction, Farquhar Scott now holds 278,180 shares worth roughly $68.39 million.
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Then, Cannon-Brookes Michael sold 7,948 shares, generating $1,883,989 in total proceeds. Upon selling the shares at $237.04, the CEO, Co-Founder now owns 278,180 shares.
Before that, LIU GENE sold 445 shares. Atlassian Corporation shares valued at $102,350 were divested by the Chief Accounting Officer at a price of $230.00 per share. As a result of the transaction, LIU GENE now holds 58,723 shares, worth roughly $14.44 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 jump 3.39% to $245.85. Over the last five days, the stock has gained 12.28%. Atlassian Corporation shares have risen nearly 3.36% since the year began. Nevertheless, the stocks have risen 43.91% 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 $181.17, while 200 days put it at $183.10.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 240.05, which if violated will result in even more drops to 234.25. On the upside, there is a resistance level at 249.40. A further resistance level may holdings at 252.95. The Relative Strength Index (RSI) on the 14-day chart is 83.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 29.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.16%. Stochastics %K at 97.40% indicates the stock is a selling.
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.
