Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $159.81, for a total value of $1,270,169.88. Following the completion of the transaction, the chief executive officer now directly owns 500,724 shares in the company, valued at $80,020,702.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, September 27th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $161.30, for a total value of $1,282,012.40.
- On Wednesday, September 25th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $161.98, for a total value of $1,287,417.04.
- On Monday, September 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $162.27, for a total value of $1,289,721.96.
- On Thursday, September 19th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $163.56, for a total value of $1,299,974.88.
- On Monday, September 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $165.03, for a total value of $1,311,658.44.
- On Thursday, September 5th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $160.97, for a total value of $1,279,389.56.
- On Friday, August 30th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total value of $1,322,229.28.
- On Wednesday, August 21st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $156.92, for a total value of $1,247,200.16.
- On Friday, August 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $151.62, for a total value of $1,205,075.76.
- On Friday, August 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $141.23, for a total value of $1,122,496.04.
Atlassian Stock Down 0.7 %
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TEAM stock opened at $160.24 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $41.67 billion, a P/E ratio of -254.35 and a beta of 0.73. The business has a 50-day moving average of $159.55 and a 200-day moving average of $172.90. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. Atlassian's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) earnings per share. On average, sell-side analysts anticipate that Atlassian Co. will post -0.58 earnings per share for the current fiscal year.
Institutional Trading of Atlassian
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Atlassian during the second quarter worth about $12,846,000. University of Texas Texas AM Investment Management Co. bought a new stake in Atlassian during the second quarter worth about $462,000. Sanctuary Advisors LLC bought a new stake in Atlassian during the second quarter worth about $1,022,000. New Century Financial Group LLC bought a new stake in Atlassian during the second quarter worth about $397,000. Finally, Truist Financial Corp raised its holdings in Atlassian by 2.5% during the second quarter. Truist Financial Corp now owns 84,358 shares of the technology company's stock worth $14,921,000 after acquiring an additional 2,050 shares in the last quarter. Institutional investors own 93.03% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TEAM. BMO Capital Markets dropped their target price on Atlassian from $220.00 to $177.00 and set a "market perform" rating for the company in a report on Friday, August 2nd. Morgan Stanley dropped their target price on Atlassian from $245.00 to $225.00 and set an "overweight" rating for the company in a report on Wednesday, July 17th. Raymond James raised Atlassian from a "market perform" rating to an "outperform" rating and set a $200.00 target price for the company in a report on Tuesday. Capital One Financial raised Atlassian from an "equal weight" rating to an "overweight" rating and set a $211.00 target price for the company in a report on Thursday, July 11th. Finally, Barclays dropped their target price on Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Atlassian has an average rating of "Moderate Buy" and an average price target of $216.65.
Get Our Latest Report on TEAM
About Atlassian
(
Get Free Report)
Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.
Further Reading
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