Atlassian Co. (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 7,948 Shares

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $210.23, for a total value of $1,670,908.04. Following the completion of the transaction, the chief executive officer now directly owns 246,388 shares of the company's stock, valued at approximately $51,798,149.24. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Michael Cannon-Brookes also recently made the following trade(s):

  • On Monday, April 21st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $192.50, for a total value of $1,529,990.00.
  • On Wednesday, April 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $205.94, for a total value of $1,636,811.12.
  • On Friday, April 11th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were 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 stock was 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 shares were 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 stock was 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 shares were 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.

Atlassian Stock Up 8.1 %




Shares of TEAM opened at $225.08 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm has a market cap of $58.97 billion, a P/E ratio of -167.97 and a beta of 1.07. The company's 50-day moving average price is $230.99 and its 200 day moving average price is $243.32. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly 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 net margin of 7.22% and a negative return on equity of 17.37%. On average, sell-side analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Scotiabank boosted their target price on shares of Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price target on Atlassian from $375.00 to $330.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Mizuho raised their price objective on Atlassian from $285.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.73.

Read Our Latest Report on Atlassian

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TEAM. Allspring Global Investments Holdings LLC raised its holdings in shares of Atlassian by 47,387.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,799 shares of the technology company's stock valued at $822,000 after buying an additional 3,791 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Atlassian by 10.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,993 shares of the technology company's stock worth $15,715,000 after purchasing an additional 7,190 shares during the period. Paragon Capital Management Inc. purchased a new stake in Atlassian during the first quarter worth about $685,000. Transcend Capital Advisors LLC lifted its position in shares of Atlassian by 26.2% during the first quarter. Transcend Capital Advisors LLC now owns 1,580 shares of the technology company's stock worth $335,000 after purchasing an additional 328 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Atlassian by 40.6% in the first quarter. Diversified Trust Co now owns 20,925 shares of the technology company's stock valued at $4,440,000 after purchasing an additional 6,044 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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