The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atlassian Corporation shares valued at $1,819,203 were sold by Cannon-Brookes Michael on Mar 19 ’25. At $228.89 per share, Cannon-Brookes Michael sold 7,948 shares. The insider’s holdings dropped to 63,584 shares worth approximately $14.38 million following the completion of this transaction.
Also, Farquhar Scott sold 7,948 shares, netting a total of over 1,819,201 in proceeds. Following the sale of shares at $228.89 each, the insider now holds 63,584 shares.
Before that, Cannon-Brookes Michael had sold 7,948 shares from its account. In a trade valued at $1,723,958, the CEO, Co-Founder traded Atlassian Corporation shares for $216.90 each. Upon closing the transaction, the insider’s holdings decreased to 7,948 shares, worth approximately $16.18 million.
As published in their initiating research note from Stephens on March 19, 2025, Atlassian Corporation [TEAM] has been an Equal-weight and the price target has been revised to $255. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of January 10, 2025, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for TEAM. Earlier on January 07, 2025, Truist upgraded its rating. Their new recommendation was “a Buy” for TEAM stock which previously was a “a Hold”.
Analyzing TEAM Stock Performance
During the last five days, there has been a surge of approximately 8.73%. Over the course of the year, Atlassian Corporation shares have dropped approximately -7.08%. Shares of the company reached a 52-week high of $326.00 on 02/10/25 and a 52-week low of $207.51 on 03/13/25. A 50-day SMA is recorded $270.08, while a 200-day SMA reached $212.62.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 223.33, which, if violated, would cause prices to drop to 220.50. In the upper region, resistance lies at 229.94. The next price resistance is at 233.72. RSI (Relative Strength Index) is 37.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.80, which suggests the price will decrease in the coming days. Percent R is at 76.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
