In a filing, Atlassian Corporation revealed its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $2.36 million on Feb 20 ’25. In the deal valued at $297.51 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 214,596 shares worth roughly $61.37 million.
Then, Farquhar Scott sold 7,948 shares, generating $2,364,625 in total proceeds. Upon selling the shares at $297.51, the Director now owns 214,596 shares.
Before that, RAJEEV RAJAN bought 2,198 shares. Atlassian Corporation shares valued at $656,081 were divested by the Officer at a price of $298.49 per share.
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 Friday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -4.19% to $285.99. Over the last five days, the stock has lost -9.50%. Atlassian Corporation shares have risen nearly 17.51% since the year began. Nevertheless, the stocks have risen 39.66% 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 $274.21, while 200 days put it at $205.70.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 280.09, which if violated will result in even more drops to 274.19. On the upside, there is a resistance level at 295.26. A further resistance level may holdings at 304.53. The Relative Strength Index (RSI) on the 14-day chart is 45.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.05%. Stochastics %K at 29.15% indicates the stock is a holding.
