Atlassian Co. Plc (NASDAQ:TEAM) CEO Sells $1,073,821.24 in Stock

Atlassian Co. Plc (NASDAQ:TEAMGet Rating) CEO Michael Cannon-Brookes sold 8,614 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $124.66, for a total value of $1,073,821.24. Following the completion of the sale, the chief executive officer now directly owns 249,806 shares in the company, valued at $31,140,815.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Michael Cannon-Brookes also recently made the following trade(s):

  • On Wednesday, November 9th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $121.68, for a total transaction of $1,048,151.52.
  • On Monday, October 31st, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $202.83, for a total transaction of $1,747,177.62.
  • On Friday, October 28th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $196.74, for a total transaction of $1,694,718.36.
  • On Monday, October 24th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $192.51, for a total value of $1,658,281.14.
  • On Friday, October 21st, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $192.24, for a total value of $1,655,955.36.
  • On Wednesday, October 19th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $190.53, for a total value of $1,641,225.42.
  • On Monday, October 10th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $222.38, for a total transaction of $1,915,581.32.
  • On Friday, October 7th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $229.11, for a total transaction of $1,973,553.54.
  • On Wednesday, October 5th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $237.95, for a total transaction of $2,049,701.30.
  • On Monday, October 3rd, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $215.89, for a total value of $1,859,676.46.

Atlassian Stock Down 2.4 %

Shares of TEAM stock opened at $118.76 on Friday. The stock has a market cap of $30.35 billion, a P/E ratio of -133.44 and a beta of 0.91. The company’s fifty day simple moving average is $196.02 and its two-hundred day simple moving average is $205.97. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Atlassian Co. Plc has a 52 week low of $114.11 and a 52 week high of $443.25.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.46. Atlassian had a negative return on equity of 71.10% and a negative net margin of 7.60%. The company had revenue of $807.39 million during the quarter, compared to analyst estimates of $806.42 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. Analysts predict that Atlassian Co. Plc will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Several large investors have recently bought and sold shares of the business. Core Alternative Capital increased its holdings in shares of Atlassian by 1,383.3% in the 1st quarter. Core Alternative Capital now owns 89 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Rosenberg Matthew Hamilton purchased a new position in Atlassian during the third quarter worth $26,000. IndexIQ Advisors LLC bought a new position in Atlassian during the first quarter valued at $30,000. Ronald Blue Trust Inc. bought a new stake in shares of Atlassian in the 2nd quarter worth about $36,000. Finally, San Luis Wealth Advisors LLC purchased a new stake in Atlassian in the 1st quarter worth about $40,000. Institutional investors own 87.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TEAM. Robert W. Baird lowered their target price on Atlassian from $380.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. StockNews.com began coverage on shares of Atlassian in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho decreased their target price on Atlassian from $320.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Sanford C. Bernstein set a $263.00 target price on Atlassian in a research report on Friday, August 12th. Finally, Jefferies Financial Group decreased their price objective on Atlassian from $260.00 to $220.00 and set a “hold” rating on the stock in a research note on Monday, October 31st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.00.

Atlassian Company Profile

(Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

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