Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.62, for a total value of $1,205,075.76. Following the completion of the sale, the chief executive officer now owns 238,440 shares of the company’s stock, valued at approximately $36,152,272.80. The sale was disclosed in a 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 Friday, August 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $141.23, for a total transaction of $1,122,496.04.
- On Friday, August 2nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $144.73, for a total transaction of $1,150,314.04.
- On Wednesday, July 31st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $177.07, for a total transaction of $1,407,352.36.
- On Friday, July 26th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $177.65, for a total value of $1,411,962.20.
- On Wednesday, July 24th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $169.47, for a total value of $1,346,947.56.
- On Monday, July 22nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $175.95, for a total value of $1,398,450.60.
- On Wednesday, July 17th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $180.42, for a total value of $1,433,978.16.
- On Monday, July 15th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $180.11, for a total transaction of $1,431,514.28.
- On Wednesday, July 10th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $173.13, for a total transaction of $1,376,037.24.
- On Monday, July 8th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $182.56, for a total transaction of $1,450,986.88.
Atlassian Trading Up 3.1 %
Shares of NASDAQ:TEAM opened at $159.00 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $41.39 billion, a PE ratio of -252.38 and a beta of 0.74. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $258.69. The firm has a fifty day moving average price of $165.73 and a 200 day moving average price of $183.07.
Institutional Investors Weigh In On Atlassian
A number of large investors have recently added to or reduced their stakes in TEAM. Hollencrest Capital Management raised its position in shares of 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 purchasing an additional 119 shares during the period. Asset Dedication LLC grew its stake in Atlassian by 229.8% in the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock valued at $27,000 after buying an additional 108 shares during the last quarter. Trust Co. of Vermont raised its holdings in Atlassian by 2,175.0% in the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Rothschild Investment LLC bought a new position in Atlassian in the 2nd quarter worth $36,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Atlassian during the 1st quarter worth $40,000. Institutional investors own 93.03% of the company’s stock.
Wall Street Analysts Forecast Growth
TEAM has been the topic of several recent analyst reports. TD Cowen reduced their target price on Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday, April 26th. Piper Sandler raised Atlassian from a “neutral” rating to an “overweight” rating and upped their price target for the company from $200.00 to $225.00 in a research report on Tuesday, July 2nd. Robert W. Baird lowered Atlassian from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $230.00 to $175.00 in a research report on Friday, August 2nd. JMP Securities upgraded Atlassian to a “hold” rating in a report on Friday, August 2nd. Finally, Oppenheimer decreased their price target on shares of Atlassian from $250.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.69.
View Our Latest Analysis on Atlassian
About Atlassian
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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