Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $205.94, for a total value of $1,636,811.12. Following the completion of the transaction, the chief executive officer now directly owns 278,180 shares of the company's stock, valued at $57,288,389.20. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, April 11th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $195.91, for a total transaction of $1,557,092.68.
- On Wednesday, April 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $195.56, for a total transaction of $1,554,310.88.
- On Friday, April 4th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $188.28, for a total transaction 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 value 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 value 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 stock was sold at an average price of $216.90, for a total transaction of $1,723,921.20.
- On Wednesday, March 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were 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.
Atlassian Trading Down 1.2 %
Shares of TEAM stock opened at $202.75 on Friday. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $241.92 and a 200-day simple moving average of $241.88. The stock has a market cap of $53.12 billion, a P/E ratio of -151.30 and a beta of 1.07.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (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%. On average, analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on TEAM shares. Oppenheimer increased their target price on shares of Atlassian from $300.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. KeyCorp lowered their target price on Atlassian from $365.00 to $275.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group upped their price target on Atlassian from $245.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. JMP Securities reiterated a "market perform" rating on shares of Atlassian in a research report on Friday, January 31st. Finally, Scotiabank upped their price objective on shares of Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.73.
Get Our Latest Stock Analysis on TEAM
Institutional Investors Weigh In On Atlassian
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Atlassian in the third quarter worth $606,000. SkyView Investment Advisors LLC raised its stake in Atlassian by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company's stock valued at $656,000 after purchasing an additional 122 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Atlassian by 59.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,901 shares of the technology company's stock valued at $461,000 after purchasing an additional 1,081 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Atlassian by 143.2% during the 3rd quarter. Tidal Investments LLC now owns 12,605 shares of the technology company's stock worth $2,002,000 after purchasing an additional 7,422 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Atlassian by 26.4% during the third quarter. Synovus Financial Corp now owns 19,962 shares of the technology company's stock worth $3,170,000 after buying an additional 4,173 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.
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.
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