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 $1,554,297 were sold by Cannon-Brookes Michael on Apr 09 ’25. At $195.56 per share, Cannon-Brookes Michael sold 7,948 shares. The insider’s holdings dropped to 317,920 shares worth approximately $62.96 million following the completion of this transaction.
Also, Farquhar Scott sold 7,948 shares, netting a total of over 1,554,272 in proceeds. Following the sale of shares at $195.56 each, the insider now holds 317,920 shares.
Before that, Cannon-Brookes Michael had sold 7,948 shares from its account. In a trade valued at $1,495,745, the CEO, Co-Founder traded Atlassian Corporation shares for $188.19 each. Upon closing the transaction, the insider’s holdings decreased to 7,948 shares, worth approximately $64.53 million.
As published in a research note from Macquarie on April 10, 2025, Atlassian Corporation [TEAM] has been rated up from a Neutral to an Outperform and the price target has been revised to $270. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early April. As of April 02, 2025, Cantor Fitzgerald has increased its “Neutral” rating to a “an Overweight” for TEAM. Earlier on March 19, 2025, Stephens initiated its rating. Their recommendation was “an Equal-weight” for TEAM stock.
Analyzing TEAM Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Atlassian Corporation shares have dropped approximately -18.63%. Shares of the company reached a 52-week high of $326.00 on 02/10/25 and a 52-week low of $173.46 on 04/07/25. A 50-day SMA is recorded $257.07, while a 200-day SMA reached $216.54.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 192.95, which, if violated, would cause prices to drop to 187.86. In the upper region, resistance lies at 203.63. The next price resistance is at 209.22. RSI (Relative Strength Index) is 39.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.11, which suggests the price will decrease in the coming days. Percent R is at 62.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
