In a filing, Atlassian Corporation revealed its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $2.21 million on Dec 16 ’24. In the deal valued at $278.13 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 79,480 shares worth roughly $21.44 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Farquhar Scott sold 7,948 shares, generating $2,210,554 in total proceeds. Upon selling the shares at $278.13, the Director now owns 79,480 shares.
Before that, Cannon-Brookes Michael sold 7,948 shares. Atlassian Corporation shares valued at $2,203,294 were divested by the CEO, Co-Founder at a price of $277.21 per share. As a result of the transaction, Cannon-Brookes Michael now holds 87,428 shares, worth roughly $23.59 million.
Macquarie initiated its Atlassian Corporation [TEAM] rating to a Neutral in a research note published on December 12, 2024; the price target was $290. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early November from “a Sector weight” to “an Overweight”. BMO Capital Markets also remained covering TEAM and reiterated its “Market perform” recommendation on November 01, 2024. Raymond James revised its rating on October 01, 2024. It rated TEAM as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TEAM
On Tuesday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -2.98% to $269.79. Over the last five days, the stock has gained 1.25%. Atlassian Corporation shares have risen nearly 13.42% since the year began. Nevertheless, the stocks have risen 17.52% over the past one year. While a 52-week high of $287.97 was reached on 12/04/24, a 52-week low of $135.29 was recorded on 08/05/24. SMA at 50 days reached $231.45, while 200 days put it at $188.87.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 266.51, which if violated will result in even more drops to 263.23. On the upside, there is a resistance level at 276.00. A further resistance level may holdings at 282.21. The Relative Strength Index (RSI) on the 14-day chart is 58.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.66%. Stochastics %K at 58.43% 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 2024-11-29, dropping by -0.41 million shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.32 million shares. There was a decline of -14.13%, which implies that there is a negative sentiment for the stock.
