Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the company's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $178.95, for a total value of $1,474,726.95. Following the transaction, the chief executive officer now directly owns 349,968 shares of the company's stock, valued at $62,626,773.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, April 19th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $191.53, for a total value of $1,578,398.73.
- On Wednesday, April 17th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $196.26, for a total transaction of $1,617,378.66.
- 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 transaction 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 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 shares were 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 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.
Atlassian Trading Down 1.3 %
348 million Americans lives to END as we know it?
From The Oxford Club | Ad
348 million American lives are about to change FOREVER....
Because thanks to one shocking A.I. development I'm revealing for the first time today...
To see my free research, simply click here now.
TEAM opened at $177.07 on Tuesday. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of -281.06 and a beta of 0.63. 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 twelve month low of $128.02 and a twelve month high of $258.69. The company has a 50-day simple moving average of $199.36 and a 200 day simple moving average of $206.52.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 15.54%. The firm's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.40) EPS. Analysts predict that Atlassian Co. will post -0.42 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have commented on TEAM. The Goldman Sachs Group upped their price objective on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Robert W. Baird lowered their price target on shares of Atlassian from $270.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday. Oppenheimer reduced their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday. William Blair reaffirmed an "outperform" rating on shares of Atlassian in a research report on Friday, February 2nd. Finally, Canaccord Genuity Group dropped their price target on Atlassian from $260.00 to $230.00 and set a "buy" rating for the company in a report on Friday. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $223.22.
View Our Latest Report on Atlassian
Hedge Funds Weigh In On Atlassian
Several hedge funds and other institutional investors have recently modified their holdings of the business. OFI Invest Asset Management bought a new stake in shares of Atlassian during the 3rd quarter worth $26,000. Carmel Capital Partners LLC lifted its holdings in shares of Atlassian by 28.5% in the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock worth $52,000 after acquiring an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Atlassian by 271.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock valued at $88,000 after purchasing an additional 271 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Atlassian by 255.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company's stock worth $96,000 after purchasing an additional 291 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in Atlassian in the 3rd quarter valued at approximately $99,000. Institutional investors own 93.03% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
