Atlassian Co. (NASDAQ:TEAM – Get Free Report) CTO Rajeev Bashyam Rajan sold 1,305 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $184.97, for a total value of $241,385.85. Following the sale, the chief technology officer now owns 149,311 shares in the company, valued at $27,618,055.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Rajeev Bashyam Rajan also recently made the following trade(s):
- On Wednesday, August 23rd, Rajeev Bashyam Rajan sold 2,214 shares of Atlassian stock. The stock was sold at an average price of $190.00, for a total transaction of $420,660.00.
- On Monday, August 21st, Rajeev Bashyam Rajan sold 3,114 shares of Atlassian stock. The stock was sold at an average price of $184.35, for a total transaction of $574,065.90.
Atlassian Stock Up 0.6 %
TEAM stock opened at $187.32 on Thursday. Atlassian Co. has a twelve month low of $113.86 and a twelve month high of $215.77. The company has a market cap of $48.34 billion, a price-to-earnings ratio of -95.57 and a beta of 0.64. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $192.00 and a two-hundred day moving average price of $179.85.
Analysts Set New Price Targets
Hedge Funds Weigh In On Atlassian
Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Atlassian by 29.9% in the first quarter. Dimensional Fund Advisors LP now owns 201,552 shares of the technology company’s stock valued at $59,233,000 after purchasing an additional 46,418 shares during the last quarter. Cetera Investment Advisers lifted its position in Atlassian by 6.0% during the first quarter. Cetera Investment Advisers now owns 1,755 shares of the technology company’s stock worth $516,000 after acquiring an additional 100 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Atlassian by 7.9% during the first quarter. Baird Financial Group Inc. now owns 115,967 shares of the technology company’s stock worth $34,075,000 after acquiring an additional 8,491 shares during the period. Pearl River Capital LLC acquired a new position in shares of Atlassian in the first quarter valued at approximately $1,163,000. Finally, USS Investment Management Ltd bought a new position in shares of Atlassian during the first quarter worth approximately $6,015,000. Institutional investors and hedge funds own 53.36% of the company’s stock.
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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