Atlassian Corporation’s filing revealed that its Director Farquhar Scott unloaded Company’s shares for reported $1.73 million on Mar 14 ’25. In the deal valued at $217.81 per share,7,948 shares were sold. As a result of this transaction, Farquhar Scott now holds 87,428 shares worth roughly $19.32 million.
Then, Cannon-Brookes Michael sold 7,948 shares, generating $1,731,185 in total proceeds. Upon selling the shares at $217.81, the CEO, Co-Founder now owns 87,428 shares.
Before that, Cannon-Brookes Michael sold 7,948 shares. Atlassian Corporation shares valued at $1,672,775 were divested by the CEO, Co-Founder at a price of $210.46 per share. As a result of the transaction, Cannon-Brookes Michael now holds 95,376 shares, worth roughly $21.08 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 Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock jump 1.16% to $220.98. Over the last five days, the stock has gained 2.36%. Atlassian Corporation shares have fallen nearly -9.20% since the year began. Nevertheless, the stocks have risen 6.38% 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 03/13/25. SMA at 50 days reached $271.51, while 200 days put it at $211.65.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 216.60, which if violated will result in even more drops to 212.22. On the upside, there is a resistance level at 224.94. A further resistance level may holdings at 228.90. The Relative Strength Index (RSI) on the 14-day chart is 32.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -32.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.76%. Stochastics %K at 9.39% indicates the stock is a buying.
How much short interest is there in Atlassian Corporation?
A steep rise in short interest was recorded in Atlassian Corporation stocks on 2025-02-28, dropping by -1.1 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.19 million shares. There was a decline of -35.45%, which implies that there is a negative sentiment for the stock.
