Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $172.99, for a total transaction of $1,425,610.59. Following the completion of the sale, the chief executive officer now directly owns 325,245 shares in the company, valued at $56,264,132.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.95, for a total transaction of $1,474,726.95.
- On Friday, April 19th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was 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 shares were sold at an average price of $196.26, for a total value 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 shares were 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 shares were 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 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 transaction of $1,584,002.61.
Atlassian Stock Performance
Elon to Transform U.S. Economy?
From Porter & Company | Ad
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites.
And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
One company holds a near-total monopoly on it.
TEAM opened at $183.55 on Friday. The company has a 50-day moving average of $197.65 and a 200-day moving average of $206.02. Atlassian Co. has a 1-year low of $128.02 and a 1-year high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.07.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its 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. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the company earned ($0.40) earnings per share. The firm's revenue was up 29.9% compared to the same quarter last year. As a group, analysts forecast that Atlassian Co. will post -0.29 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on TEAM shares. Canaccord Genuity Group reduced their price objective on Atlassian from $260.00 to $230.00 and set a "buy" rating for the company in a report on Friday, April 26th. Barclays raised 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. StockNews.com raised shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Monday. Oppenheimer dropped their price target on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Finally, TD Cowen cut their target price on shares of Atlassian from $220.00 to $210.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.22.
View Our Latest Research Report on TEAM
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Atlassian by 12.4% in the 3rd 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 during the last quarter. Arkadios Wealth Advisors acquired a new stake in Atlassian in the fourth quarter worth approximately $202,000. American Century Companies Inc. lifted its holdings in shares of Atlassian by 58.7% in the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company's stock valued at $86,672,000 after buying an additional 159,102 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Atlassian in the 4th quarter worth approximately $13,805,000. Finally, Royal Bank of Canada boosted its holdings in Atlassian by 17.3% during the third quarter. Royal Bank of Canada now owns 381,430 shares of the technology company's stock worth $76,862,000 after buying an additional 56,149 shares in the last quarter. 93.03% of the stock is currently owned by institutional investors.
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.
Featured Stories
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].
