The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atlassian Corporation shares valued at $1,948,482 were purchased by ANUTTHARA BHARADWAJ on Nov 14 ’24. At $251.55 per share, ANUTTHARA BHARADWAJ acquired 7,746 shares.
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Also, JOSEPH BINZ purchased 3,025 shares, netting a total of over 760,929 in proceeds.
Before that, RAJEEV RAJAN had added 3,542 shares to its account. In a trade valued at $890,979, the Officer bought Atlassian Corporation shares for $251.55 each.
As published in a research note from KeyBanc Capital Markets on November 01, 2024, Atlassian Corporation [TEAM] has been rated up from a Sector weight to an Overweight and the price target has been revised to $260. Analysts at BMO Capital Markets resumed the stock at ‘”a Market perform”‘ outlook in a report released in early November. As of October 01, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for TEAM. Earlier on August 02, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for TEAM stock which previously was a “a Neutral”.
Analyzing TEAM Stock Performance
During the last five days, there has been a surge of approximately 6.85%. Over the course of the year, Atlassian Corporation shares have jumped approximately 5.10%. Shares of the company reached a 52-week high of $258.69 on 01/30/24 and a 52-week low of $135.29 on 08/05/24. A 50-day SMA is recorded $186.37, while a 200-day SMA reached $183.02. Nevertheless, trading volume fell to 2.77 million shares from 2.27 million shares the previous day.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 247.02, which, if violated, would cause prices to drop to 244.04. In the upper region, resistance lies at 254.68. The next price resistance is at 259.36. RSI (Relative Strength Index) is 81.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 26.81, which suggests the price will increase in the coming days. Percent R is at 9.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
