Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $196.48, for a total transaction of $1,619,191.68. Following the sale, the chief executive officer now directly owns 428,532 shares of the company’s stock, valued at approximately $84,197,967.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Michael Cannon-Brookes also recently made the following trade(s):
- On Wednesday, October 11th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $201.40, for a total transaction of $1,659,737.40.
- On Monday, October 9th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $200.82, for a total transaction of $1,654,957.62.
- On Friday, October 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.31, for a total transaction of $1,626,031.71.
- On Wednesday, October 4th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $191.02, for a total transaction of $1,574,195.82.
- On Monday, October 2nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.57, for a total transaction of $1,628,174.37.
- On Friday, September 29th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $201.82, for a total transaction of $1,663,198.62.
- On Wednesday, September 27th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.12, for a total transaction of $1,624,465.92.
- On Friday, September 22nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $195.69, for a total transaction of $1,612,681.29.
- On Wednesday, September 20th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.08, for a total transaction of $1,681,823.28.
- On Monday, September 18th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $205.60, for a total transaction of $1,694,349.60.
Atlassian Price Performance
Shares of NASDAQ TEAM opened at $197.79 on Wednesday. Atlassian Co. has a twelve month low of $113.86 and a twelve month high of $215.77. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of -104.65 and a beta of 0.70. The firm has a 50-day moving average of $197.60 and a two-hundred day moving average of $176.79.
Analyst Upgrades and Downgrades
TEAM has been the topic of several research reports. KeyCorp raised their price target on shares of Atlassian from $175.00 to $205.00 in a research note on Tuesday, July 18th. OTR Global cut shares of Atlassian to a “positive” rating in a report on Wednesday, July 12th. BMO Capital Markets boosted their price objective on shares of Atlassian from $180.00 to $220.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. StockNews.com assumed coverage on shares of Atlassian in a research report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $185.00 price target on shares of Atlassian in a research note on Friday, August 4th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $201.29.
View Our Latest Report on Atlassian
Institutional Trading of Atlassian
Several institutional investors and hedge funds have recently bought and sold shares of TEAM. Dimensional Fund Advisors LP increased its holdings in Atlassian by 29.9% in the first quarter. Dimensional Fund Advisors LP now owns 201,552 shares of the technology company’s stock worth $59,233,000 after buying an additional 46,418 shares during the last quarter. Cetera Investment Advisers boosted its position in Atlassian by 6.0% during the first quarter. Cetera Investment Advisers now owns 1,755 shares of the technology company’s stock worth $516,000 after purchasing an additional 100 shares during the period. Baird Financial Group Inc. boosted its position in Atlassian by 7.9% during the first quarter. Baird Financial Group Inc. now owns 115,967 shares of the technology company’s stock worth $34,075,000 after purchasing an additional 8,491 shares during the period. Pearl River Capital LLC bought a new stake in Atlassian during the first quarter worth approximately $1,163,000. Finally, USS Investment Management Ltd bought a new stake in Atlassian during the first quarter worth approximately $6,015,000. Institutional investors and hedge funds own 53.36% of the company’s stock.
About Atlassian
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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