Atlassian Corporation’s recent filing unveils that its CEO, Co-Founder Cannon-Brookes Michael unloaded Company’s shares for reported $1.9 million on Mar 07 ’25. In the deal valued at $238.67 per share,7,948 shares were sold. As a result of this transaction, Cannon-Brookes Michael now holds 127,168 shares worth roughly $27.45 million.
Then, Farquhar Scott sold 7,948 shares, generating $1,896,916 in total proceeds. Upon selling the shares at $238.67, the Director now owns 127,168 shares.
Before that, FARQUHAR TRUST bought 500,724 shares. Atlassian Corporation shares valued at $119,602,935 were divested by the Director at a price of $238.86 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 Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock fall -9.62% to $215.89. Over the last five days, the stock has lost -21.27%. Atlassian Corporation shares have fallen nearly -11.30% since the year began. Nevertheless, the stocks have risen 8.96% 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 03/10/25. SMA at 50 days reached $274.60, while 200 days put it at $210.47.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 208.87, which if violated will result in even more drops to 201.85. On the upside, there is a resistance level at 227.01. A further resistance level may holdings at 238.12. The Relative Strength Index (RSI) on the 14-day chart is 22.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -39.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.14%. Stochastics %K at 5.18% indicates the stock is a buying.
