In a filing, Atlassian Corporation revealed its Officer RAJEEV RAJAN acquired Company’s shares for reported $0.31 million on Nov 18 ’24. In the deal valued at $240.04 per share,1,295 shares were bought.
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Then, BHARADWAJ ANUTTHARA sold 1,520 shares, generating $371,990 in total proceeds. Upon selling the shares at $244.73, the President now owns 215,170 shares.
Before that, Farquhar Scott sold 7,948 shares. Atlassian Corporation shares valued at $1,911,183 were divested by the Director at a price of $240.46 per share. As a result of the transaction, Farquhar Scott now holds 238,440 shares, worth roughly $56.91 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 -0.56% to $238.69. Over the last five days, the stock has lost -2.91%. Atlassian Corporation shares have risen nearly 0.35% since the year began. Nevertheless, the stocks have risen 27.98% 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 $189.47, while 200 days put it at $183.06.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 236.24, which if violated will result in even more drops to 233.79. On the upside, there is a resistance level at 241.58. A further resistance level may holdings at 244.47. The Relative Strength Index (RSI) on the 14-day chart is 68.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.75%. Stochastics %K at 80.40% 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 2024-10-31, dropping by 10380.0 shares to a total of 3.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.33 million shares. There was a decline of -0.31%, which implies that there is a negative sentiment for the stock.
