Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $203.16, for a total transaction of $1,557,221.40. The transaction 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 Friday, June 27th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were 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 transaction 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 transaction of $1,505,712.60.
- On Monday, June 16th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $200.68, for a total transaction of $1,538,212.20.
- On Thursday, June 12th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $199.55, for a total value of $1,529,550.75.
- On Monday, June 9th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $215.23, for a total value of $1,649,737.95.
- On Friday, June 6th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.09, for a total value of $1,717,483.32.
- On Tuesday, June 3rd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $208.43, for a total value of $1,656,601.64.
Atlassian Stock Performance
Shares of TEAM stock traded up $0.77 during mid-day trading on Monday, hitting $203.09. The stock had a trading volume of 1,626,458 shares, compared to its average volume of 2,146,407. The firm has a market cap of $53.31 billion, a PE ratio of -122.34 and a beta of 0.96. The company's 50-day simple moving average is $210.00 and its 200-day simple moving average is $236.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC 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 announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. Sell-side analysts anticipate that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on TEAM. Jefferies Financial Group dropped their target price on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating for the company in a report on Monday, April 7th. Truist Financial reduced their target price on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Mizuho cut their price target on Atlassian from $325.00 to $290.00 and set an "outperform" rating on the stock in a research note on Thursday, June 12th. Morgan Stanley dropped their price target on shares of Atlassian from $370.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Four research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $282.19.
Read Our Latest Stock Analysis on TEAM
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corebridge Financial Inc. boosted its position in shares of Atlassian by 0.3% during the 4th quarter. Corebridge Financial Inc. now owns 10,499 shares of the technology company's stock worth $2,555,000 after purchasing an additional 35 shares in the last quarter. GeoWealth Management LLC grew its position in Atlassian by 26.8% during the fourth quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock worth $44,000 after buying an additional 38 shares during the period. Assetmark Inc. boosted its stake in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company's stock worth $43,000 after acquiring an additional 41 shares in the last quarter. State of Wyoming grew its holdings in shares of Atlassian by 20.3% in the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after acquiring an additional 47 shares during the period. Finally, True Wealth Design LLC increased its stake in Atlassian by 21.6% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the technology company's stock valued at $69,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
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