Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $195.98, for a total value of $1,615,071.18. Following the sale, the chief executive officer now directly owns 490,065 shares of the company's stock, valued at $96,042,938.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- 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 shares were 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 value of $1,607,983.92.
- On Friday, March 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.83, for a total value 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 value 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 value of $1,654,215.93.
- On Tuesday, March 5th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $196.31, for a total value of $1,617,790.71.
- On Wednesday, February 28th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $206.42, for a total value of $1,701,107.22.
- On Thursday, February 22nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $205.80, for a total value of $1,695,997.80.
- On Friday, February 16th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $209.72, for a total value of $1,728,302.52.
Atlassian Price Performance
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TEAM stock opened at $192.32 on Friday. The stock has a 50-day moving average price of $209.01 and a two-hundred day moving average price of $206.44. Atlassian Co. has a 12-month low of $128.02 and a 12-month high of $258.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The company has a market cap of $49.89 billion, a PE ratio of -129.07 and a beta of 0.63.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. As a group, research analysts predict that Atlassian Co. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On Atlassian
A number of institutional investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Atlassian in the third quarter worth about $26,000. Harbour Investments Inc. raised its stake in Atlassian by 148.8% during the fourth quarter. Harbour Investments Inc. now owns 199 shares of the technology company's stock valued at $47,000 after buying an additional 119 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in Atlassian during the second quarter valued at approximately $34,000. Meeder Asset Management Inc. raised its stake in Atlassian by 151.5% during the fourth quarter. Meeder Asset Management Inc. now owns 244 shares of the technology company's stock valued at $31,000 after buying an additional 147 shares in the last quarter. Finally, Carmel Capital Partners LLC raised its stake in Atlassian by 28.5% during the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock valued at $52,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 93.03% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TEAM shares. KeyCorp started coverage on Atlassian in a research note on Tuesday, March 19th. They issued a "sector weight" rating for the company. UBS Group dropped their price target on Atlassian from $260.00 to $250.00 and set a "neutral" rating for the company in a research report on Friday, February 2nd. Wells Fargo & Company raised their price target on Atlassian from $275.00 to $285.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. StockNews.com downgraded Atlassian from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. Finally, Citigroup raised their price target on Atlassian from $215.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, January 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $225.19.
View Our Latest Stock Report on Atlassian
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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