Atlassian Corporation’s recent filing unveils that its Chief Accounting Officer LIU GENE unloaded Company’s shares for reported $0.76 million on Nov 22 ’24. In the deal valued at $260.00 per share,2,934 shares were sold. As a result of this transaction, LIU GENE now holds 53,489 shares worth roughly $13.96 million.
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Then, Cannon-Brookes Michael sold 7,948 shares, generating $2,053,312 in total proceeds. Upon selling the shares at $258.34, the CEO, Co-Founder now owns 198,700 shares.
Before that, Farquhar Scott sold 7,948 shares. Atlassian Corporation shares valued at $2,053,308 were divested by the Director at a price of $258.34 per share. As a result of the transaction, Farquhar Scott now holds 198,700 shares, worth roughly $51.86 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 0.16% to $261.00. Over the last five days, the stock has gained 9.35%. Atlassian Corporation shares have risen nearly 9.73% since the year began. Nevertheless, the stocks have risen 43.73% over the past one year. While a 52-week high of $262.00 was reached on 11/25/24, a 52-week low of $135.29 was recorded on 08/05/24. SMA at 50 days reached $198.39, while 200 days put it at $184.07.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 257.53, which if violated will result in even more drops to 254.07. On the upside, there is a resistance level at 266.93. A further resistance level may holdings at 272.87. The Relative Strength Index (RSI) on the 14-day chart is 76.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.53%. Stochastics %K at 91.21% 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.
