Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,496,449.44 in Stock

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $188.28, for a total value of $1,496,449.44. Following the completion of the transaction, the chief executive officer now owns 341,764 shares of the company's stock, valued at $64,347,325.92. The trade was a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $195.56, for a total transaction of $1,554,310.88.
• On Wednesday, April 2nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $222.68, for a total value of $1,769,860.64.
• On Monday, March 31st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $209.73, for a total value of $1,666,934.04.
• On Friday, March 28th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.63, for a total value 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 transaction 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 transaction 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.

Atlassian Stock Up 0.2 %

Shares of Atlassian stock traded up $0.34 on Friday, hitting $198.37. The company had a trading volume of 2,003,551 shares, compared to its average volume of 2,039,036. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. 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 50-day moving average of $251.13 and a 200-day moving average of $241.25. The firm has a market capitalization of $51.97 billion, a P/E ratio of -148.04 and a beta of 1.07.

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Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Research analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEAM. Wells Fargo & Company decreased their price objective on shares of Atlassian from $375.00 to $330.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com lowered shares of Atlassian from a "buy" rating to a "hold" rating in a report on Monday, March 31st. Jefferies Financial Group reduced their price objective on Atlassian from $330.00 to $262.00 and set a "buy" rating on the stock in a report on Monday, April 7th. William Blair reissued an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. Finally, Piper Sandler raised their price target on Atlassian from $310.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $297.50.

Hedge Funds Weigh In On Atlassian

Several hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in Atlassian by 4.2% in the third quarter. Janus Henderson Group PLC now owns 15,550 shares of the technology company's stock valued at $2,469,000 after purchasing an additional 624 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Atlassian by 121.0% in the third quarter. Quantinno Capital Management LP now owns 13,381 shares of the technology company's stock valued at $2,125,000 after acquiring an additional 7,327 shares during the last quarter. State Street Corp grew its position in shares of Atlassian by 0.3% in the 3rd quarter. State Street Corp now owns 3,560,381 shares of the technology company's stock valued at $565,424,000 after acquiring an additional 8,957 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Atlassian during the 3rd quarter worth about $491,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Atlassian in the 3rd quarter valued at about $3,026,000. 94.45% of the stock is owned by institutional investors.

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.