Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of Atlassian stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $178.93, for a total transaction of $1,474,562.13. Following the transaction, the chief executive officer now directly owns 284,040 shares in the company, valued at $50,823,277.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- On Monday, May 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $182.45, for a total transaction of $1,503,570.45.
- On Wednesday, May 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $172.99, for a total value of $1,425,610.59.
- On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.95, for a total transaction of $1,474,726.95.
- On Friday, April 19th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $191.53, for a total value of $1,578,398.73.
- On Wednesday, April 17th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $196.26, for a total value of $1,617,378.66.
- On Monday, April 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.46, for a total transaction of $1,627,267.86.
- On Wednesday, April 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $201.81, for a total value of $1,663,116.21.
- On Monday, April 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $195.98, for a total value of $1,615,071.18.
Atlassian Price Performance
TEAM traded up $1.33 during trading on Thursday, reaching $179.85. 776,765 shares of the stock were exchanged, compared to its average volume of 1,746,314. Atlassian Co. has a 1 year low of $132.32 and a 1 year high of $258.69. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of -285.48 and a beta of 0.67. The business's 50 day moving average price is $195.77 and its two-hundred day moving average price is $205.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company's revenue was up 29.9% on a year-over-year basis. During the same period last year, the company posted ($0.40) EPS. As a group, equities research analysts anticipate that Atlassian Co. will post -0.29 earnings per share for the current year.
Analyst Ratings Changes
TEAM has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Atlassian from $220.00 to $200.00 and set a "hold" rating on the stock in a report on Friday, April 26th. KeyCorp assumed coverage on shares of Atlassian in a research note on Tuesday, March 19th. They issued a "sector weight" rating for the company. Barclays upgraded 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 research report on Thursday, April 11th. Oppenheimer cut their price target on Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Finally, TD Cowen decreased their price objective on Atlassian from $220.00 to $210.00 and set a "hold" rating for the company in a report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.22.
Read Our Latest Stock Report on Atlassian
Institutional Investors Weigh In On Atlassian
Hedge funds have recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Atlassian during the third quarter worth approximately $26,000. Hollencrest Capital Management boosted its holdings in shares of Atlassian by 383.9% during the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company's stock worth $29,000 after purchasing an additional 119 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Atlassian in the first quarter valued at $40,000. Carmel Capital Partners LLC lifted its position in Atlassian by 28.5% during the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock worth $52,000 after buying an additional 57 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Atlassian by 271.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock worth $88,000 after buying an additional 271 shares during the last quarter. 93.03% of the stock is 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.
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