Michael Cannon-Brookes Sells 8,614 Shares of Atlassian Co. Plc (NASDAQ:TEAM) Stock

Atlassian Co. Plc (NASDAQ:TEAMGet Rating) CEO Michael Cannon-Brookes sold 8,614 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $121.49, for a total transaction of $1,046,514.86. Following the transaction, the chief executive officer now directly owns 215,350 shares of the company’s stock, valued at $26,162,871.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, November 21st, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $115.58, for a total transaction of $995,606.12.
  • On Thursday, November 17th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $124.66, for a total transaction of $1,073,821.24.
  • On Wednesday, November 9th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $121.68, for a total transaction of $1,048,151.52.
  • On Monday, October 31st, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $202.83, for a total transaction of $1,747,177.62.
  • On Friday, October 28th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $196.74, for a total transaction of $1,694,718.36.
  • On Monday, October 24th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $192.51, for a total transaction of $1,658,281.14.
  • On Friday, October 21st, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $192.24, for a total transaction of $1,655,955.36.
  • On Wednesday, October 19th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $190.53, for a total transaction of $1,641,225.42.
  • On Monday, October 10th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $222.38, for a total transaction of $1,915,581.32.
  • On Friday, October 7th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $229.11, for a total transaction of $1,973,553.54.

Atlassian Stock Up 7.0 %

Atlassian stock opened at $124.50 on Friday. The company’s 50 day simple moving average is $185.23 and its 200 day simple moving average is $203.39. Atlassian Co. Plc has a fifty-two week low of $113.86 and a fifty-two week high of $404.68. The firm has a market capitalization of $31.81 billion, a price-to-earnings ratio of -139.89 and a beta of 0.91. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 1.25.

Atlassian (NASDAQ:TEAMGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.46. Atlassian had a negative net margin of 7.60% and a negative return on equity of 71.10%. The business had revenue of $807.39 million for the quarter, compared to analyst estimates of $806.42 million. During the same quarter last year, the firm earned ($0.01) EPS. Atlassian’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atlassian Co. Plc will post -0.9 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Core Alternative Capital lifted its stake in Atlassian by 1,383.3% in the first quarter. Core Alternative Capital now owns 89 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in shares of Atlassian in the first quarter valued at approximately $30,000. San Luis Wealth Advisors LLC acquired a new stake in shares of Atlassian in the first quarter valued at approximately $40,000. Ronald Blue Trust Inc. acquired a new stake in shares of Atlassian in the second quarter valued at approximately $36,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of Atlassian in the third quarter valued at approximately $26,000. Institutional investors own 87.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TEAM. William Blair restated an “outperform” rating on shares of Atlassian in a research report on Friday, November 4th. Morgan Stanley lowered their price objective on shares of Atlassian from $375.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, November 11th. Citigroup lowered their price objective on shares of Atlassian from $375.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Robert W. Baird lowered their price objective on shares of Atlassian from $380.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Finally, Wolfe Research lifted their price target on shares of Atlassian from $240.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

About Atlassian

(Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

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Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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