Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $197.46, for a total transaction of $1,627,267.86. Following the sale, the chief executive officer now directly owns 424,137 shares of the company's stock, valued at $83,750,092.02. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 stock was sold at an average price of $196.25, for a total transaction 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 transaction of $1,615,071.18.
- On Monday, April 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $193.55, for a total transaction 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 transaction of $1,584,002.61.
- On Wednesday, March 20th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was 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 shares were 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 Stock Up 0.1 %
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NASDAQ TEAM opened at $195.07 on Thursday. 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's 50 day simple moving average is $203.04 and its 200 day simple moving average is $206.74. 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 released its earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. As a group, equities research analysts anticipate that Atlassian Co. will post -0.4 EPS for the current year.
Wall Street Analyst Weigh In
TEAM has been the subject of several research reports. The Goldman Sachs Group lifted their price target on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. William Blair reaffirmed an "outperform" rating on shares of Atlassian in a report on Friday, February 2nd. Mizuho decreased their price target on shares of Atlassian from $265.00 to $240.00 and set a "buy" rating for the company in a report on Monday. Barclays upgraded shares of Atlassian from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $235.00 to $275.00 in a research report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Atlassian from $275.00 to $285.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Atlassian has an average rating of "Hold" and an average price target of $224.25.
Read Our Latest Research Report on TEAM
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in TEAM. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Atlassian by 12.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,263 shares of the technology company's stock valued at $14,763,000 after purchasing an additional 8,073 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in Atlassian during the fourth quarter valued at approximately $202,000. American Century Companies Inc. grew its position in Atlassian by 58.7% during the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company's stock valued at $86,672,000 after purchasing an additional 159,102 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Atlassian during the fourth quarter valued at approximately $13,805,000. Finally, Royal Bank of Canada grew its position in Atlassian by 17.3% during the third quarter. Royal Bank of Canada now owns 381,430 shares of the technology company's stock valued at $76,862,000 after purchasing an additional 56,149 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.
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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