Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $141.23, for a total value of $1,122,496.04. Following the transaction, the chief executive officer now directly owns 278,180 shares of the company’s stock, valued at $39,287,361.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, August 2nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $144.73, for a total value of $1,150,314.04.
- On Wednesday, July 31st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $177.07, for a total value of $1,407,352.36.
- On Friday, July 26th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $177.65, for a total transaction of $1,411,962.20.
- On Wednesday, July 24th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $169.47, for a total transaction of $1,346,947.56.
- On Monday, July 22nd, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $175.95, for a total transaction of $1,398,450.60.
- On Wednesday, July 17th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $180.42, for a total value of $1,433,978.16.
- On Monday, July 15th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $180.11, for a total value of $1,431,514.28.
- On Wednesday, July 10th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $173.13, for a total value of $1,376,037.24.
- On Monday, July 8th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $182.56, for a total value of $1,450,986.88.
- On Wednesday, June 26th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $170.45, for a total transaction of $1,354,736.60.
Atlassian Stock Performance
Atlassian stock opened at $143.50 on Thursday. 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 company has a market cap of $37.35 billion, a P/E ratio of -227.78 and a beta of 0.74. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69. The firm’s 50 day simple moving average is $166.31 and its 200-day simple moving average is $185.69.
Institutional Investors Weigh In On Atlassian
Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Atlassian in the 4th quarter valued at about $247,740,000. Price T Rowe Associates Inc. MD increased its stake in Atlassian by 8.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock valued at $2,173,847,000 after buying an additional 904,138 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Atlassian in the 2nd quarter worth approximately $91,072,000. Vanguard Group Inc. boosted its stake in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock valued at $3,652,495,000 after buying an additional 504,181 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Atlassian during the 1st quarter valued at $55,307,000. 93.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. Baird R W downgraded shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. TD Cowen dropped their target price on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Friday, April 26th. JMP Securities raised Atlassian to a “hold” rating in a research note on Friday, August 2nd. Robert W. Baird downgraded Atlassian from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $175.00 in a research note on Friday, August 2nd. Finally, Oppenheimer cut their price objective on Atlassian from $250.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.69.
Get Our Latest Stock Report on TEAM
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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