Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $170.45, for a total transaction of $1,354,736.60. Following the transaction, the chief executive officer now owns 15,896 shares in the company, valued at $2,709,473.20. The sale 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 Monday, June 24th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $163.95, for a total transaction of $1,303,074.60.
- On Friday, June 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $159.43, for a total transaction of $1,267,149.64.
- On Wednesday, June 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $163.54, for a total value of $1,299,815.92.
- On Tuesday, May 28th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $165.51, for a total value of $1,363,967.91.
- On Tuesday, May 21st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $172.99, for a total value of $1,425,610.59.
Atlassian Stock Performance
Atlassian stock opened at $176.88 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82. The stock has a market cap of $46.04 billion, a PE ratio of -280.76 and a beta of 0.73. Atlassian Co. has a 12-month low of $152.34 and a 12-month high of $258.69. The business’s 50-day moving average price is $172.25 and its two-hundred day moving average price is $201.54.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of TEAM. Arkadios Wealth Advisors bought a new stake in Atlassian during the 4th quarter worth $202,000. Vanguard Group Inc. grew its holdings in shares of Atlassian by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after purchasing an additional 504,181 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Atlassian by 58.7% during the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company’s stock worth $86,672,000 after purchasing an additional 159,102 shares during the last quarter. International Assets Investment Management LLC bought a new position in Atlassian in the 4th quarter valued at approximately $13,805,000. Finally, Royal Bank of Canada boosted its position in Atlassian by 17.3% during the 3rd quarter. Royal Bank of Canada now owns 381,430 shares of the technology company’s stock worth $76,862,000 after buying an additional 56,149 shares during the period. 93.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TEAM. Piper Sandler lowered their target price on Atlassian from $225.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Canaccord Genuity Group dropped their target price on Atlassian from $260.00 to $230.00 and set a “buy” rating for the company in a report on Friday, April 26th. KeyCorp started coverage on shares of Atlassian in a research report on Tuesday, March 19th. They issued a “sector weight” rating for the company. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $235.00 to $275.00 in a research report on Thursday, April 11th. Finally, StockNews.com raised shares of Atlassian from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.28.
Read Our Latest Analysis on Atlassian
Atlassian Company Profile
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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