Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $192.06, for a total value of $1,472,139.90. Following the sale, the chief executive officer directly owned 421,575 shares in the company, valued at approximately $80,967,694.50. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, July 11th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $192.64, for a total value of $1,476,585.60.
- On Wednesday, July 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $219.98, for a total value of $1,686,146.70.
- On Monday, July 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $214.49, for a total value of $1,644,065.85.
- On Thursday, July 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $213.97, for a total value of $1,640,080.05.
- On Monday, June 30th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $203.16, for a total value of $1,557,221.40.
- On Friday, June 27th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $203.66, for a total value of $1,561,053.90.
- On Wednesday, June 25th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $199.71, for a total value of $1,530,777.15.
- On Monday, June 23rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $192.68, for a total value of $1,476,892.20.
- On Friday, June 20th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $192.44, for a total value of $1,475,052.60.
- On Wednesday, June 18th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $196.44, for a total value of $1,505,712.60.
Atlassian Stock Up 1.5%
NASDAQ:TEAM traded up $2.76 during trading hours on Wednesday, reaching $190.45. The company's stock had a trading volume of 2,335,102 shares, compared to its average volume of 2,196,057. The company has a market capitalization of $50.00 billion, a P/E ratio of -114.73 and a beta of 0.94. Atlassian Corporation PLC has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $206.93 and a two-hundred day moving average price of $232.68.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The business's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. Equities analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.
Analyst Ratings Changes
TEAM has been the topic of a number of recent research reports. Cantor Fitzgerald upgraded Atlassian from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $304.00 to $272.00 in a report on Wednesday, April 2nd. 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. Morgan Stanley reduced their price target on Atlassian from $370.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets reduced their price target on Atlassian from $295.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Jefferies Financial Group reduced their target price on Atlassian from $330.00 to $262.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and a consensus price target of $281.00.
Check Out Our Latest Analysis on Atlassian
Institutional Investors Weigh In On Atlassian
Several hedge funds have recently modified their holdings of TEAM. Clean Yield Group lifted its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Atlassian in the 4th quarter valued at approximately $27,000. Colonial Trust Co SC grew its stake in shares of Atlassian by 100.0% in the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after acquiring an additional 69 shares in the last quarter. Smithfield Trust Co grew its stake in shares of Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Atlassian in the fourth quarter worth $38,000. 94.45% of the stock is owned by hedge funds and other institutional investors.
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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