Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlassian Corporation shares valued at $2,516,205 were sold by Cannon-Brookes Michael on Feb 04 ’25. At $316.58 per share, Cannon-Brookes Michael sold 7,948 shares. The insider’s holdings dropped to 302,024 shares worth approximately $96.89 million following the completion of this transaction.
Also, Farquhar Scott sold 7,948 shares, netting a total of over 2,516,205 in proceeds. Following the sale of shares at $316.58 each, the insider now holds 302,024 shares.
Before that, Cannon-Brookes Michael had sold 7,948 shares from its account. In a trade valued at $2,473,404, the CEO, Co-Founder traded Atlassian Corporation shares for $311.20 each. Upon closing the transaction, the insider’s holdings decreased to 7,948 shares, worth approximately $99.44 million.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Atlassian Corporation [TEAM] has been a Neutral and the price target has been revised to $264. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of January 07, 2025, Truist has increased its “Hold” rating to a “Buy” for TEAM. Earlier on December 12, 2024, Macquarie initiated its rating. Their recommendation was “a Neutral” for TEAM stock.
Analyzing TEAM Stock Performance
During the last five days, there has been a surge of approximately 18.23%. Over the course of the year, Atlassian Corporation shares have jumped approximately 31.81%. Shares of the company reached a 52-week high of $324.37 on 01/31/25 and a 52-week low of $235.44 on 01/13/25. A 50-day SMA is recorded $264.57, while a 200-day SMA reached $198.85. Nevertheless, trading volume fell to 1.6 million shares from 1.93 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 316.32, which, if violated, would cause prices to drop to 311.84. In the upper region, resistance lies at 323.40. The next price resistance is at 326.01. RSI (Relative Strength Index) is 78.43 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 38.39, which suggests the price will increase in the coming days. Percent R is at 4.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
