In a filing, Atlassian Corporation revealed its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $2.56 million on Feb 10 ’25. In the deal valued at $322.31 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 270,232 shares worth roughly $85.12 million.
Then, Farquhar Scott sold 7,948 shares, generating $2,561,696 in total proceeds. Upon selling the shares at $322.31, the Director now owns 270,232 shares.
Before that, Farquhar Scott sold 7,948 shares. Atlassian Corporation shares valued at $2,509,136 were divested by the Director at a price of $315.69 per share. As a result of the transaction, Farquhar Scott now holds 278,180 shares, worth roughly $87.63 million.
Cantor Fitzgerald initiated its Atlassian Corporation [TEAM] rating to a Neutral in a research note published on January 17, 2025; the price target was $264. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early January from “a Market perform” to “an Outperform”. Truist also remained covering TEAM and has increased its forecast on January 07, 2025 with a “Buy” recommendation from previously “Hold” rating. Macquarie started covering the stock on December 12, 2024. It rated TEAM as “a Neutral”.
Price Performance Review of TEAM
On Tuesday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -2.46% to $315.00. Over the last five days, the stock has lost -0.55%. Atlassian Corporation shares have risen nearly 29.43% since the year began. Nevertheless, the stocks have risen 48.38% over the past one year. While a 52-week high of $326.00 was reached on 02/10/25, a 52-week low of $135.29 was recorded on 01/13/25. SMA at 50 days reached $269.24, while 200 days put it at $201.28.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 311.82, which if violated will result in even more drops to 308.64. On the upside, there is a resistance level at 321.17. A further resistance level may holdings at 327.34. The Relative Strength Index (RSI) on the 14-day chart is 68.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.33%. Stochastics %K at 88.42% 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 2025-01-15, growing by 1.92 million shares to a total of 4.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.57 million shares. There was a rise of 42.83%, which implies that there is a positive sentiment for the stock.
