Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $201.81, for a total value of $1,663,116.21. Following the completion of the sale, the chief executive officer now directly owns 448,860 shares in the company, valued at approximately $90,584,436.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- 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 value of $1,629,328.11.
- On Friday, April 5th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was 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.
- 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.
Atlassian Trading Up 4.8 %
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Shares of Atlassian stock opened at $214.65 on Friday. The business has a fifty day simple moving average of $204.04 and a 200-day simple moving average of $206.58. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. Equities analysts predict that Atlassian Co. will post -0.4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of Atlassian in a research report on Friday, February 2nd. Barclays upgraded Atlassian from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $235.00 to $275.00 in a research report on Thursday. Wells Fargo & Company lifted their price target on Atlassian from $275.00 to $285.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. The Goldman Sachs Group lifted their price target on Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their price target on Atlassian from $180.00 to $220.00 and gave the company a "hold" rating in a research report on Tuesday, January 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Atlassian has an average rating of "Hold" and an average price target of $226.75.
Read Our Latest Research Report on TEAM
Institutional Trading of Atlassian
Several hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC boosted its position 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 worth $270,000 after buying an additional 140 shares during the period. MJP Associates Inc. ADV boosted its position in Atlassian by 60.0% during the first quarter. MJP Associates Inc. ADV now owns 2,063 shares of the technology company's stock valued at $403,000 after purchasing an additional 774 shares during the last quarter. David J Yvars Group acquired a new stake in Atlassian during the first quarter valued at $1,745,000. Gulf International Bank UK Ltd boosted its position in Atlassian by 0.8% during the first quarter. Gulf International Bank UK Ltd now owns 12,596 shares of the technology company's stock valued at $2,457,000 after purchasing an additional 97 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in Atlassian by 5.7% during the first quarter. RFG Advisory LLC now owns 1,952 shares of the technology company's stock valued at $381,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds 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.
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