Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the business's stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $196.26, for a total transaction of $1,617,378.66. Following the sale, the chief executive officer now directly owns 407,655 shares in the company, valued at $80,006,370.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Monday, April 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.46, for a total value 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 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 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 shares were 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 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 stock was 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 stock was sold at an average price of $210.65, for a total value of $1,735,966.65.
Atlassian Stock Performance
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Atlassian stock opened at $193.61 on Friday. The firm has a 50 day simple moving average of $202.37 and a 200-day simple moving average of $206.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. Atlassian Co. has a 1-year low of $128.02 and a 1-year high of $258.69.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. Sell-side analysts anticipate that Atlassian Co. will post -0.4 earnings per share for the current year.
Hedge Funds Weigh In On Atlassian
A number of institutional investors and hedge funds have recently modified their holdings of TEAM. BlackRock Inc. lifted its stake in Atlassian by 26.0% during the first quarter. BlackRock Inc. now owns 7,563,473 shares of the technology company's stock worth $1,294,640,000 after purchasing an additional 1,561,804 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Atlassian by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company's stock worth $2,094,980,000 after purchasing an additional 1,511,318 shares in the last quarter. Durable Capital Partners LP purchased a new stake in shares of Atlassian during the 1st quarter worth approximately $434,144,000. Morgan Stanley boosted its holdings in shares of Atlassian by 156.8% in the 3rd quarter. Morgan Stanley now owns 1,793,700 shares of the technology company's stock valued at $361,449,000 after buying an additional 1,095,297 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Atlassian in the 4th quarter valued at $138,509,000. Institutional investors and hedge funds own 93.03% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. StockNews.com cut Atlassian from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. Wells Fargo & Company lifted their target price 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. Barclays upgraded shares of Atlassian from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $235.00 to $275.00 in a research report on Thursday, April 11th. UBS Group lowered their price objective on Atlassian from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Friday, February 2nd. Finally, Citigroup reduced their target price on Atlassian from $280.00 to $265.00 and set a "buy" rating for the company in a report on Friday, April 12th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Atlassian presently has a consensus rating of "Hold" and an average price target of $224.25.
Read Our Latest Stock Analysis on TEAM
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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