Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $209.73, for a total transaction of $1,666,934.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Wednesday, April 2nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $222.68, for a total transaction of $1,769,860.64.
- On Friday, March 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $216.63, for a total transaction of $1,721,775.24.
- On Thursday, March 20th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $226.93, for a total transaction of $1,803,639.64.
- On Tuesday, March 18th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.90, for a total value of $1,723,921.20.
- On Wednesday, March 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $227.55, for a total value of $1,808,567.40.
- On Thursday, March 6th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $259.69, for a total value of $2,064,016.12.
- On Thursday, February 20th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $297.51, for a total value of $2,364,609.48.
- On Tuesday, February 18th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $313.95, for a total value of $2,495,274.60.
- On Friday, February 14th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $311.90, for a total transaction of $2,478,981.20.
- On Wednesday, February 12th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $315.74, for a total transaction of $2,509,501.52.
Atlassian Stock Performance
Shares of TEAM traded down $10.68 during mid-day trading on Friday, reaching $187.67. 3,206,572 shares of the company's stock were exchanged, compared to its average volume of 2,005,736. The business's fifty day simple moving average is $264.05 and its 200-day simple moving average is $240.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $49.17 billion, a PE ratio of -140.05 and a beta of 1.07. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, equities research analysts expect that Atlassian Co. will post -0.34 earnings per share for the current year.
Hedge Funds Weigh In On Atlassian
A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock valued at $1,042,737,000 after purchasing an additional 1,806,042 shares during the period. State Street Corp raised its stake in Atlassian by 0.3% during the third quarter. State Street Corp now owns 3,560,381 shares of the technology company's stock worth $565,424,000 after acquiring an additional 8,957 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Atlassian in the 4th quarter worth approximately $687,486,000. Invesco Ltd. boosted its holdings in shares of Atlassian by 265.9% during the fourth quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock valued at $595,171,000 after acquiring an additional 1,777,179 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Atlassian by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,177,813 shares of the technology company's stock valued at $528,851,000 after purchasing an additional 27,899 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.
Analysts Set New Price Targets
TEAM has been the subject of a number of recent research reports. William Blair reissued an "outperform" rating on shares of Atlassian in a research report on Friday, January 31st. KeyCorp raised their price target on Atlassian from $315.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, January 31st. UBS Group reduced their target price on Atlassian from $330.00 to $230.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Piper Sandler boosted their price objective on shares of Atlassian from $310.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and set a $330.00 target price (up from $250.00) on shares of Atlassian in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $308.73.
Check Out Our Latest Stock 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.
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