Key Points
- Michael Cannon-Brookes sold 7,665 shares of Atlassian on Dec. 10 at an average price of $161.79 for about $1.24M, leaving him with 107,310 shares (a 6.67% reduction) valued at roughly $17.36M.
- The Dec. 10 sale is part of an ongoing selling program of eleven identical 7,665-share transactions between Nov. 13 and Dec. 10, generating approximately $12.8 million in proceeds.
- For context, TEAM trades near $163 with a 52-week range of $139.70–$326.00; Atlassian recently beat quarterly revenue and EPS estimates but still posts a negative net margin, and analysts have an average target of about $240.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total transaction of $1,240,120.35. Following the completion of the sale, the chief executive officer directly owned 107,310 shares of the company's stock, valued at approximately $17,361,684.90. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Monday, December 8th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.70, for a total value of $1,231,765.50.
- On Friday, December 5th, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.48, for a total value of $1,230,079.20.
- On Wednesday, December 3rd, Michael Cannon-Brookes sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.08, for a total value 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 shares were 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 shares were sold at an average price of $146.62, for a total transaction 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 stock was 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 shares were sold at an average price of $153.77, for a total value of $1,178,647.05.
Atlassian Stock Performance
Shares of TEAM opened at $163.26 on Friday. The business has a 50-day simple moving average of $155.63 and a two-hundred day simple moving average of $176.08. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 52 week low of $139.70 and a 52 week high of $326.00. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of -229.94, a PEG ratio of 30.51 and a beta of 0.89.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.11% and a negative net margin of 3.38%.The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company posted $0.77 EPS. The firm's revenue was up 20.6% on a year-over-year basis. On average, analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.
Institutional Trading of Atlassian
Large investors have recently added to or reduced their stakes in the company. One Wealth Advisors LLC increased its position in Atlassian by 56.7% in the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company's stock worth $901,000 after purchasing an additional 1,606 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company's stock worth $20,755,000 after buying an additional 22,701 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company's stock worth $52,458,000 after buying an additional 9,274 shares in the last quarter. Machina Capital S.A.S. increased its holdings in shares of Atlassian by 203.0% in the 2nd quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company's stock worth $1,904,000 after buying an additional 6,282 shares during the last quarter. Finally, Nicholas Company Inc. raised its position in shares of Atlassian by 10.0% during the 2nd quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company's stock valued at $46,262,000 after buying an additional 20,635 shares in the last quarter. Institutional investors own 94.45% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on TEAM. Truist Financial set a $210.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Macquarie decreased their price target on Atlassian from $250.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, November 3rd. Piper Sandler restated an "overweight" rating and issued a $300.00 price objective on shares of Atlassian in a research report on Friday, October 31st. Zacks Research upgraded Atlassian from a "strong sell" rating to a "hold" rating in a research report on Monday, November 3rd. Finally, Citigroup reissued a "buy" rating on shares of Atlassian in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $240.00.
Check Out Our Latest Stock Report on Atlassian
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.
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