Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of Atlassian stock in a transaction on Monday, May 6th. The stock was sold at an average price of $182.45, for a total transaction of $1,503,570.45. Following the transaction, the chief executive officer now directly owns 300,522 shares of the company's stock, valued at $54,830,238.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- On Wednesday, May 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $172.99, for a total value of $1,425,610.59.
- 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 value 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 stock was 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 stock was 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 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 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 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.
Atlassian Price Performance
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Shares of TEAM stock opened at $184.12 on Wednesday. Atlassian Co. has a fifty-two week low of $128.02 and a fifty-two week high of $258.69. The firm has a market capitalization of $47.93 billion, a price-to-earnings ratio of -292.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The stock's 50-day simple moving average is $196.34 and its 200-day simple moving average is $205.97.
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. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. The company's revenue was up 29.9% on a year-over-year basis. As a group, equities analysts forecast that Atlassian Co. will post -0.29 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on TEAM. Canaccord Genuity Group decreased 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. Robert W. Baird decreased their price objective on Atlassian from $270.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, April 26th. StockNews.com upgraded Atlassian from a "hold" rating to a "buy" rating in a report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Atlassian from $275.00 to $285.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Finally, Barclays upgraded shares of Atlassian from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $235.00 to $275.00 in a report on Thursday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of "Moderate Buy" and an average price target of $223.22.
View Our Latest Analysis on TEAM
Institutional Investors Weigh In On Atlassian
Large investors have recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Atlassian in the third quarter valued at approximately $26,000. Hollencrest Capital Management boosted its position in Atlassian by 383.9% in the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company's stock valued at $29,000 after buying an additional 119 shares during the last quarter. Carmel Capital Partners LLC boosted its position in Atlassian by 28.5% in the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock valued at $52,000 after buying an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock valued at $88,000 after buying an additional 271 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company's stock valued at $96,000 after buying an additional 291 shares during the last quarter. Hedge funds and other 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.
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