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Michael Cannon-Brookes Sells 7,948 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian logo with Computer and Technology background

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $163.95, for a total transaction of $1,303,074.60. Following the sale, the chief executive officer now directly owns 31,792 shares in the company, valued at $5,212,298.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, June 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $159.43, for a total transaction of $1,267,149.64.
  • On Wednesday, June 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $163.54, for a total transaction of $1,299,815.92.
  • On Tuesday, May 28th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $165.51, for a total transaction of $1,363,967.91.
  • On Tuesday, May 21st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.45, for a total transaction of $1,470,606.45.
  • On Tuesday, May 14th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $184.26, for a total transaction of $1,518,486.66.
  • On Friday, May 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $179.88, for a total transaction of $1,482,391.08.
  • On Wednesday, May 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.93, for a total transaction of $1,474,562.13.
  • On Monday, May 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was 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 transaction of $1,425,610.59.
  • On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $178.95, for a total transaction of $1,474,726.95.

Atlassian Trading Up 1.6 %

NASDAQ:TEAM traded up $2.70 during trading hours on Tuesday, hitting $167.45. The company had a trading volume of 1,349,656 shares, compared to its average volume of 1,756,294. The company has a market capitalization of $43.59 billion, a PE ratio of -265.79 and a beta of 0.73. The stock has a 50-day moving average price of $173.42 and a 200 day moving average price of $202.10. Atlassian Co. has a 52 week low of $152.34 and a 52 week high of $258.69. 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 released its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.27. The business had revenue of $1.19 billion for 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 firm's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) earnings per share. On average, equities research analysts predict that Atlassian Co. will post -0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Atlassian from $220.00 to $210.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company lowered their target price on shares of Atlassian from $285.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday. Truist Financial lowered their target price on shares of Atlassian from $220.00 to $200.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Canaccord Genuity Group lowered their target price on shares of Atlassian from $260.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Finally, Oppenheimer reduced their price target on shares of Atlassian from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $221.28.

Read Our Latest Analysis on Atlassian

Hedge Funds Weigh In On Atlassian

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEAM. Hollencrest Capital Management lifted its position in Atlassian by 383.9% during the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company's stock valued at $29,000 after buying an additional 119 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Atlassian during the first quarter valued at $40,000. Crewe Advisors LLC purchased a new position in Atlassian during the first quarter valued at $43,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Atlassian by 271.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock valued at $88,000 after buying an additional 271 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Atlassian by 255.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company's stock valued at $96,000 after buying an additional 291 shares during the period. Hedge funds and other institutional investors own 93.03% of the company's stock.

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.

Read More

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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