Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $195.56, for a total value of $1,554,310.88. Following the sale, the chief executive officer now directly owns 317,920 shares in the company, valued at approximately $62,172,435.20. The trade was a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, April 4th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $188.28, for a total value of $1,496,449.44.
- On Wednesday, April 2nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $222.68, for a total transaction of $1,769,860.64.
- On Monday, March 31st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $209.73, for a total transaction of $1,666,934.04.
- On Friday, March 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $216.63, for a total value of $1,721,775.24.
- On Thursday, March 20th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $226.93, for a total value of $1,803,639.64.
- On Tuesday, March 18th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.90, for a total value of $1,723,921.20.
- 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 transaction 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 transaction 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 transaction 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.
Atlassian Trading Down 5.5 %
Shares of Atlassian stock opened at $198.03 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The company has a fifty day moving average of $253.50 and a 200 day moving average of $241.00. The company has a market capitalization of $51.88 billion, a P/E ratio of -147.78 and a beta of 1.07. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share 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%. On average, sell-side analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on TEAM. Macquarie raised Atlassian from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $317.00 to $270.00 in a research report on Thursday. Piper Sandler lifted their price target on shares of Atlassian from $310.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup increased their price objective on shares of Atlassian from $255.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, January 17th. StockNews.com downgraded shares of Atlassian from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, BMO Capital Markets lowered their price target on Atlassian from $360.00 to $295.00 and set an "outperform" rating on the stock in a report on Thursday. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $297.50.
Get Our Latest Stock Analysis on Atlassian
Institutional Investors Weigh In On Atlassian
Institutional investors and hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in Atlassian during the fourth quarter valued at $27,000. Colonial Trust Co SC boosted its holdings in shares of Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after purchasing an additional 69 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Atlassian in the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Atlassian in the fourth quarter worth about $39,000. Finally, Avion Wealth lifted its position in shares of Atlassian by 1,308.3% in the fourth quarter. Avion Wealth now owns 169 shares of the technology company's stock worth $41,000 after buying an additional 157 shares in the last quarter. Institutional investors own 94.45% of the company's stock.
Atlassian Company Profile
(
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.
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