Michael Cannon-Brookes Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of Atlassian stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $165.51, for a total value of $1,363,967.91. Following the sale, the chief executive officer now directly owns 176,907 shares in the company, valued at approximately $29,279,877.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, May 21st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $178.45, for a total value of $1,470,606.45.
  • On Tuesday, May 14th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $184.26, for a total value of $1,518,486.66.
  • On Friday, May 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $179.88, for a total transaction of $1,482,391.08.
  • On Wednesday, May 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $178.93, for a total transaction of $1,474,562.13.
  • On Monday, May 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $182.45, for a total transaction of $1,503,570.45.
  • On Wednesday, May 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $172.99, for a total transaction of $1,425,610.59.
  • On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.95, for a total value of $1,474,726.95.
  • On Friday, April 19th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $191.53, for a total value of $1,578,398.73.
  • On Wednesday, April 17th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $196.26, for a total value of $1,617,378.66.
  • On Monday, April 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.46, for a total value of $1,627,267.86.

Atlassian Price Performance

NASDAQ TEAM opened at $160.39 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $41.75 billion, a price-to-earnings ratio of -254.59 and a beta of 0.67. The company has a 50 day simple moving average of $186.83 and a 200-day simple moving average of $205.27. Atlassian Co. has a 52-week low of $156.44 and a 52-week high of $258.69.

Atlassian (NASDAQ:TEAMGet Free Report) last released its earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.40) EPS. Equities research analysts predict that Atlassian Co. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Atlassian

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management raised its stake in shares of Atlassian by 383.9% during the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Atlassian in the first quarter worth approximately $40,000. Crewe Advisors LLC bought a new position in Atlassian during the first quarter valued at approximately $43,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after acquiring an additional 271 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer cut their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Canaccord Genuity Group cut their target price on shares of Atlassian from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 26th. The Goldman Sachs Group lifted their price target on shares of Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. KeyCorp initiated coverage on Atlassian in a research report on Tuesday, March 19th. They set a “sector weight” rating for the company. Finally, StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $223.22.

Check Out Our Latest Analysis on TEAM

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.

Further Reading

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

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