Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.03, for a total transaction of $1,311,658.44. Following the transaction, the chief executive officer now directly owns 79,480 shares in the company, valued at approximately $13,116,584.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Michael Cannon-Brookes also recently made the following trade(s):
- On Thursday, September 5th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $160.97, for a total transaction of $1,279,389.56.
- On Friday, August 30th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $166.36, for a total transaction of $1,322,229.28.
- On Wednesday, August 21st, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $156.92, for a total value of $1,247,200.16.
- On Friday, August 16th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $151.62, for a total value of $1,205,075.76.
- On Friday, August 9th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $141.23, for a total transaction of $1,122,496.04.
- 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 shares were 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 stock was sold at an average price of $177.65, for a total value of $1,411,962.20.
- On Wednesday, July 24th, Michael Cannon-Brookes sold 7,948 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $175.95, for a total transaction of $1,398,450.60.
Atlassian Trading Up 2.6 %
Shares of NASDAQ TEAM opened at $159.84 on Thursday. The stock has a market cap of $41.56 billion, a price-to-earnings ratio of -253.71 and a beta of 0.73. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $258.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average is $162.64 and its 200-day moving average is $175.93.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management lifted its position in Atlassian by 383.9% during the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock worth $29,000 after buying an additional 119 shares in the last quarter. Asset Dedication LLC increased its position in shares of Atlassian by 229.8% during the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock worth $27,000 after purchasing an additional 108 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Atlassian by 2,175.0% during the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Atlassian in the second quarter valued at $36,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Atlassian during the first quarter worth $40,000. Institutional investors and hedge funds own 93.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on TEAM shares. Scotiabank reduced their price objective on Atlassian from $210.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Atlassian from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a research note on Friday, August 2nd. Morgan Stanley dropped their price objective on shares of Atlassian from $245.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Wells Fargo & Company decreased their target price on shares of Atlassian from $285.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Finally, Baird R W cut shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.69.
Check Out Our Latest Research Report on TEAM
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.
Featured Articles
- Five stocks we like better than Atlassian
- Top Stocks Investing in 5G Technology
- How Much Can You Make in Stocks in One Month?
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- This Is the Top Large-Cap Stock Insiders Are Buying
- What Are the FAANG Stocks and Are They Good Investments?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.