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 $1,689,160 were sold by Cannon-Brookes Michael on May 28 ’25. At $212.53 per share, Cannon-Brookes Michael sold 7,948 shares. The insider’s holdings dropped to 55,636 shares worth approximately $11.35 million following the completion of this transaction.
Also, Farquhar Scott sold 7,948 shares, netting a total of over 1,689,158 in proceeds. Following the sale of shares at $212.53 each, the insider now holds 55,636 shares.
Before that, Cannon-Brookes Michael had sold 7,948 shares from its account. In a trade valued at $1,675,479, the CEO, Co-Founder traded Atlassian Corporation shares for $210.81 each. Upon closing the transaction, the insider’s holdings decreased to 7,948 shares, worth approximately $12.97 million.
As published in a research note from BMO Capital Markets on May 02, 2025, Atlassian Corporation [TEAM] has been retained to an Outperform and the price target has been revised to $245. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of April 10, 2025, Macquarie has increased its “Neutral” rating to a “an Outperform” for TEAM. Earlier on April 10, 2025, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for TEAM stock.
Analyzing TEAM Stock Performance
During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, Atlassian Corporation shares have dropped approximately -16.21%. 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.
Support And Resistance Levels for Atlassian Corporation (TEAM)
According to the 24-hour chart, there is a support level at 199.88, which, if violated, would cause prices to drop to 195.83. In the upper region, resistance lies at 211.74. The next price resistance is at 219.55. RSI (Relative Strength Index) is 41.60 on the 14-day chart, showing neutral technical sentiment.
