Insider Selling: Atlassian Co. (NASDAQ:TEAM) CEO Sells 8,241 Shares of Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $209.45, for a total value of $1,726,077.45. Following the completion of the transaction, the chief executive officer now directly owns 296,676 shares of the company’s stock, valued at approximately $62,138,788.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Friday, February 2nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $219.24, for a total value of $1,806,756.84.
  • On Friday, January 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $247.34, for a total value of $2,038,328.94.
  • On Monday, January 22nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $247.60, for a total value of $2,040,471.60.
  • On Thursday, January 18th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $238.95, for a total value of $1,969,186.95.
  • On Friday, January 12th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $237.84, for a total value of $1,960,039.44.
  • On Wednesday, January 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $242.95, for a total value of $2,002,150.95.
  • On Monday, January 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $234.45, for a total value of $1,932,102.45.
  • On Tuesday, January 2nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $227.19, for a total value of $1,872,272.79.
  • On Tuesday, December 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $245.03, for a total value of $2,019,292.23.
  • On Friday, December 22nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $241.80, for a total value of $1,992,673.80.

Atlassian Stock Down 0.9 %

NASDAQ:TEAM opened at $209.46 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.43. The business has a fifty day simple moving average of $228.23 and a two-hundred day simple moving average of $203.58. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69.

Institutional Trading of Atlassian

A number of large investors have recently bought and sold shares of TEAM. BlackRock Inc. increased its position in Atlassian by 26.0% in the first quarter. BlackRock Inc. now owns 7,563,473 shares of the technology company’s stock worth $1,294,640,000 after buying an additional 1,561,804 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Atlassian by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company’s stock worth $2,094,980,000 after acquiring an additional 1,511,318 shares during the period. Durable Capital Partners LP bought a new position in shares of Atlassian in the first quarter worth $434,144,000. Morgan Stanley boosted its holdings in shares of Atlassian by 156.8% in the third quarter. Morgan Stanley now owns 1,793,700 shares of the technology company’s stock worth $361,449,000 after acquiring an additional 1,095,297 shares during the period. Finally, Norges Bank bought a new position in shares of Atlassian in the fourth quarter worth $138,509,000. 53.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho increased their price target on Atlassian from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Wells Fargo & Company increased their price target on Atlassian from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group increased their price target on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. UBS Group cut their price target on Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Finally, Scotiabank assumed coverage on Atlassian in a report on Friday, December 1st. They issued a “sector perform” rating and a $185.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.19.

Read Our Latest Analysis on Atlassian

About Atlassian

(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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Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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