Atlassian Corporation’s recent filing unveils that its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $2.03 million on Dec 24 ’24. In the deal valued at $255.25 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 31,792 shares worth roughly $7.95 million.
Then, Farquhar Scott sold 7,948 shares, generating $2,028,739 in total proceeds. Upon selling the shares at $255.25, the Director now owns 31,792 shares.
Before that, Cannon-Brookes Michael sold 7,948 shares. Atlassian Corporation shares valued at $2,005,535 were divested by the CEO, Co-Founder at a price of $252.33 per share. As a result of the transaction, Cannon-Brookes Michael now holds 39,740 shares, worth roughly $9.94 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 Friday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -1.62% to $250.11. Over the last five days, the stock has lost -0.45%. Atlassian Corporation shares have risen nearly 5.15% since the year began. Nevertheless, the stocks have risen 2.90% 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 $241.08, while 200 days put it at $190.50.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 247.23, which if violated will result in even more drops to 244.34. On the upside, there is a resistance level at 253.33. A further resistance level may holdings at 256.54. The Relative Strength Index (RSI) on the 14-day chart is 45.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.50%. Stochastics %K at 21.25% 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 2024-12-13, dropping by -0.41 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.98 million shares. There was a decline of -16.07%, which implies that there is a negative sentiment for the stock.
