Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of the business's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $160.48, for a total transaction of $1,230,079.20. Following the transaction, the chief executive officer directly owned 130,305 shares in the company, valued at approximately $20,911,346.40. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- On Wednesday, December 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.08, for a total transaction of $1,188,688.20.
- On Friday, November 28th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total value of $1,150,669.80.
- On Wednesday, November 26th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85.
- On Monday, November 24th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $146.62, for a total value of $1,123,842.30.
- On Friday, November 21st, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30.
- On Wednesday, November 19th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.63, for a total transaction of $1,131,583.95.
- On Monday, November 17th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.41, for a total value of $1,129,897.65.
- On Thursday, November 13th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $153.77, for a total value of $1,178,647.05.
- On Monday, November 10th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00.
- On Friday, November 7th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.58, for a total value of $1,192,520.70.
Atlassian Trading Up 0.9%
Atlassian stock opened at $160.74 on Tuesday. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of -226.39, a P/E/G ratio of 30.05 and a beta of 0.89. Atlassian Corporation PLC has a 52 week low of $139.70 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average price of $155.11 and a 200 day moving average price of $176.60.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.11%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business posted $0.77 EPS. The company's revenue for the quarter was up 20.6% on a year-over-year basis. Research analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Institutional Trading of Atlassian
Several large investors have recently made changes to their positions in the business. State of Wyoming raised its holdings in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after buying an additional 47 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock worth $26,000 after acquiring an additional 61 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Atlassian by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 2,641 shares of the technology company's stock worth $561,000 after purchasing an additional 71 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company's stock worth $907,000 after purchasing an additional 71 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Atlassian by 11.5% during the first quarter. Smartleaf Asset Management LLC now owns 716 shares of the technology company's stock valued at $156,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 94.45% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Zacks Research raised shares of Atlassian from a "strong sell" rating to a "hold" rating in a research report on Monday, November 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price target on shares of Atlassian in a report on Friday, October 31st. UBS Group reduced their price objective on shares of Atlassian from $215.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, October 24th. Bank of America initiated coverage on shares of Atlassian in a research note on Tuesday, September 23rd. They set a "neutral" rating and a $200.00 price target for the company. Finally, Stephens decreased their price target on Atlassian from $221.00 to $202.00 and set an "equal weight" rating on the stock in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Atlassian presently has an average rating of "Moderate Buy" and a consensus target price of $240.00.
Check Out Our Latest Report on Atlassian
About Atlassian
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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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