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 $2,149,552 were sold by Farquhar Scott on Mar 04 ’25. At $270.45 per share, Farquhar Scott sold 7,948 shares. The insider’s holdings dropped to 151,012 shares worth approximately $37.85 million following the completion of this transaction.
Also, Cannon-Brookes Michael sold 7,948 shares, netting a total of over 2,149,554 in proceeds. Following the sale of shares at $270.45 each, the insider now holds 151,012 shares.
Before that, RAJAN RAJEEV BASHYAM had sold 16,951 shares from its account. In a trade valued at $4,738,259, the Chief Technology Officer traded Atlassian Corporation shares for $279.53 each. Upon closing the transaction, the insider’s holdings decreased to 16,951 shares, worth approximately $40.17 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 -9.99%. Over the course of the year, Atlassian Corporation shares have jumped approximately 2.99%. 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 $275.68, while a 200-day SMA reached $209.99.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 242.98, which, if violated, would cause prices to drop to 235.30. In the upper region, resistance lies at 264.90. The next price resistance is at 279.14. RSI (Relative Strength Index) is 31.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.55, which suggests the price will decrease in the coming days. Percent R is at 98.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
