Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atlassian Corporation shares valued at $2,303,097 were sold by Farquhar Scott on Feb 26 ’25. At $289.77 per share, Farquhar Scott sold 7,948 shares. The insider’s holdings dropped to 182,804 shares worth approximately $50.91 million following the completion of this transaction.
Also, Cannon-Brookes Michael sold 7,948 shares, netting a total of over 2,303,100 in proceeds. Following the sale of shares at $289.77 each, the insider now holds 182,804 shares.
Before that, Cannon-Brookes Michael had sold 7,948 shares from its account. In a trade valued at $2,242,119, the CEO, Co-Founder traded Atlassian Corporation shares for $282.10 each. Upon closing the transaction, the insider’s holdings decreased to 7,948 shares, worth approximately $53.12 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 drop of approximately -6.70%. Over the course of the year, Atlassian Corporation shares have jumped approximately 14.42%. Shares of the company reached a 52-week high of $326.00 on 02/10/25 and a 52-week low of $235.44 on 01/13/25. A 50-day SMA is recorded $275.05, while a 200-day SMA reached $207.76.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 272.45, which, if violated, would cause prices to drop to 266.42. In the upper region, resistance lies at 290.21. The next price resistance is at 301.94. RSI (Relative Strength Index) is 42.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.95, which suggests the price will decrease in the coming days. Percent R is at 90.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
