Atlassian Co. (NASDAQ:TEAM) CEO Michael Cannon-Brookes Sells 8,241 Shares

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the business's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $197.46, for a total value of $1,627,267.86. Following the transaction, the chief executive officer now owns 424,137 shares of the company's stock, valued at $83,750,092.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, April 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $201.81, for a total transaction of $1,663,116.21.
• On Monday, April 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.71, for a total transaction of $1,629,328.11.
• On Friday, April 5th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $196.25, for a total value of $1,617,296.25.
• On Wednesday, April 3rd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $195.98, for a total value of $1,615,071.18.
• On Monday, April 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $193.55, for a total value of $1,595,045.55.
• On Monday, March 25th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.21, for a total value of $1,584,002.61.
• On Wednesday, March 20th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $195.12, for a total transaction of $1,607,983.92.
• On Friday, March 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.83, for a total transaction of $1,630,317.03.
• On Wednesday, March 13th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $210.65, for a total transaction of $1,735,966.65.
• On Thursday, March 7th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $200.73, for a total transaction of $1,654,215.93.

Atlassian Trading Up 0.1 %

Shares of NASDAQ:TEAM traded up $0.22 during trading hours on Wednesday, hitting $195.07. 1,390,166 shares of the company's stock traded hands, compared to its average volume of 1,711,695. The firm has a market capitalization of $50.60 billion, a P/E ratio of -131.93 and a beta of 0.63. The business has a fifty day moving average price of $203.04 and a 200-day moving average price of $206.74. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.24). Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. Equities analysts expect that Atlassian Co. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TEAM shares. Barclays raised Atlassian from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $235.00 to $275.00 in a report on Thursday, April 11th. UBS Group cut their target price on shares of Atlassian from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Friday, February 2nd. The Goldman Sachs Group upped their price target on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, February 2nd. StockNews.com lowered shares of Atlassian from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. Finally, Truist Financial boosted their target price on shares of Atlassian from $180.00 to $220.00 and gave the stock a "hold" rating in a report on Tuesday, January 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $224.25.

Institutional Trading of Atlassian

A number of large investors have recently made changes to their positions in the stock. Founders Financial Securities LLC lifted its holdings in Atlassian by 14.3% during the 1st quarter. Founders Financial Securities LLC now owns 2,099 shares of the technology company's stock valued at $410,000 after buying an additional 263 shares in the last quarter. First Bank & Trust bought a new stake in shares of Atlassian during the first quarter valued at approximately $1,727,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Atlassian in the first quarter valued at approximately $266,000. Opal Wealth Advisors LLC boosted its holdings in shares of Atlassian by 11.3% in the first quarter. Opal Wealth Advisors LLC now owns 1,383 shares of the technology company's stock valued at $270,000 after purchasing an additional 140 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in Atlassian by 60.0% in the first quarter. MJP Associates Inc. ADV now owns 2,063 shares of the technology company's stock worth $403,000 after purchasing an additional 774 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

Atlassian Company Profile

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.