Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $216.90, for a total value of $1,723,921.20. Following the sale, the chief executive officer now directly owns 71,532 shares of the company's stock, valued at approximately $15,515,290.80. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Wednesday, March 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $227.55, for a total value of $1,808,567.40.
- On Thursday, March 6th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $259.69, for a total value of $2,064,016.12.
- On Thursday, February 20th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $297.51, for a total value of $2,364,609.48.
- On Tuesday, February 18th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $313.95, for a total value of $2,495,274.60.
- On Friday, February 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $311.90, for a total value of $2,478,981.20.
- On Wednesday, February 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $315.74, for a total value of $2,509,501.52.
- On Monday, February 10th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $322.31, for a total value of $2,561,719.88.
- On Wednesday, February 5th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $318.91, for a total value of $2,534,696.68.
- On Monday, February 3rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $311.20, for a total value of $2,473,417.60.
- On Monday, January 27th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $269.01, for a total value of $2,138,091.48.
Atlassian Price Performance
Shares of Atlassian stock opened at $229.86 on Thursday. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The stock's fifty day moving average is $271.91 and its 200 day moving average is $235.42. The stock has a market cap of $60.22 billion, a P/E ratio of -171.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Sell-side analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current year.
Hedge Funds Weigh In On Atlassian
A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Atlassian in the 3rd quarter worth $606,000. Fulton Bank N.A. purchased a new stake in Atlassian in the 4th quarter worth $447,000. Paloma Partners Management Co purchased a new stake in Atlassian in the 3rd quarter worth $1,588,000. Allworth Financial LP increased its stake in Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock worth $404,000 after buying an additional 47 shares in the last quarter. Finally, Parnassus Investments LLC increased its stake in Atlassian by 322.9% in the 3rd quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company's stock worth $51,016,000 after buying an additional 245,286 shares in the last quarter. 94.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on TEAM. William Blair restated an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. StockNews.com upgraded Atlassian from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Jefferies Financial Group upped their price target on Atlassian from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Barclays upped their price target on Atlassian from $275.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, UBS Group upped their price objective on Atlassian from $275.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $316.77.
Check Out Our Latest Stock Report on Atlassian
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
