In a filing, Atlassian Corporation revealed its Director Farquhar Scott unloaded Company’s shares for reported $1.79 million on Mar 21 ’25. In the deal valued at $225.54 per share,7,948 shares were sold. As a result of this transaction, Farquhar Scott now holds 47,688 shares worth roughly $11.19 million.
Then, Cannon-Brookes Michael sold 7,948 shares, generating $1,792,624 in total proceeds. Upon selling the shares at $225.54, the CEO, Co-Founder now owns 47,688 shares.
Before that, Cannon-Brookes Michael sold 7,948 shares. Atlassian Corporation shares valued at $1,803,652 were divested by the CEO, Co-Founder at a price of $226.93 per share. As a result of the transaction, Cannon-Brookes Michael now holds 55,636 shares, worth roughly $13.05 million.
Stephens initiated its Atlassian Corporation [TEAM] rating to an Equal-weight in a research note published on March 19, 2025; the price target was $255. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. BMO Capital Markets also remained covering TEAM and has increased its forecast on January 10, 2025 with a “an Outperform” recommendation from previously “Market perform” rating. Truist revised its rating on January 07, 2025. It rated TEAM as “a Buy” which previously was an “a Hold”.
Price Performance Review of TEAM
On Monday, Atlassian Corporation [NASDAQ:TEAM] saw its stock jump 3.20% to $234.62. Over the last five days, the stock has gained 6.17%. Atlassian Corporation shares have fallen nearly -3.60% since the year began. Nevertheless, the stocks have risen 19.57% 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 $269.47, while 200 days put it at $213.34.
Levels Of Support And Resistance For TEAM Stock
The 24-hour chart illustrates a support level at 231.91, which if violated will result in even more drops to 229.19. On the upside, there is a resistance level at 236.92. A further resistance level may holdings at 239.21. The Relative Strength Index (RSI) on the 14-day chart is 42.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.10%. Stochastics %K at 30.12% indicates the stock is a holding.
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.
The most recent change occurred on December 12, 2024 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $290 price target.
