Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $210.81, for a total transaction of $1,675,517.88. Following the sale, the chief executive officer now directly owns 63,584 shares in the company, valued at approximately $13,404,143.04. This represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Thursday, May 29th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $205.73, for a total transaction of $1,635,142.04.
- On Friday, May 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $206.57, for a total transaction of $1,641,818.36.
- On Monday, May 19th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $214.92, for a total transaction of $1,708,184.16.
- On Friday, May 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $221.41, for a total transaction of $1,759,766.68.
- On Wednesday, May 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $225.44, for a total transaction of $1,791,797.12.
- On Monday, May 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $222.47, for a total transaction of $1,768,191.56.
- On Thursday, May 8th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $209.19, for a total transaction of $1,662,642.12.
- On Wednesday, April 30th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $225.64, for a total transaction of $1,793,386.72.
- On Monday, April 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $229.59, for a total transaction of $1,824,781.32.
- On Wednesday, April 23rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $210.23, for a total transaction of $1,670,908.04.
Atlassian Trading Up 1.2%
Shares of TEAM traded up $2.38 during mid-day trading on Friday, reaching $206.31. The stock had a trading volume of 3,481,076 shares, compared to its average volume of 2,099,592. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $54.16 billion, a price-to-earnings ratio of -153.96 and a beta of 1.06. The business's fifty day moving average is $211.17 and its 200 day moving average is $246.12. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Atlassian's revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. On average, sell-side analysts predict that Atlassian Co. will post -0.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in Atlassian in the first quarter valued at approximately $21,914,000. Diker Management LLC acquired a new stake in Atlassian during the first quarter worth approximately $849,000. Acadian Asset Management LLC raised its holdings in Atlassian by 68.9% during the first quarter. Acadian Asset Management LLC now owns 951,429 shares of the technology company's stock worth $201,875,000 after purchasing an additional 388,196 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after purchasing an additional 161 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in Atlassian by 12.2% during the first quarter. Belpointe Asset Management LLC now owns 4,306 shares of the technology company's stock worth $914,000 after purchasing an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on TEAM shares. Mizuho boosted their price target on shares of Atlassian from $285.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. KeyCorp dropped their target price on shares of Atlassian from $365.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Macquarie dropped their target price on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Atlassian in a report on Friday, January 31st. Finally, Robert W. Baird raised shares of Atlassian from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $320.00 to $255.00 in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and an average price target of $285.29.
View Our Latest Stock Analysis on TEAM
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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