Insider Selling: Atlassian Co. (NASDAQ:TEAM) CEO Sells 8,241 Shares of Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $213.49, for a total transaction of $1,759,371.09. Following the sale, the chief executive officer now directly owns 280,194 shares of the company’s stock, valued at approximately $59,818,617.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, February 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $209.45, for a total transaction of $1,726,077.45.
  • On Friday, February 2nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $219.24, for a total value of $1,806,756.84.
  • On Friday, January 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $247.34, for a total value of $2,038,328.94.
  • On Monday, January 22nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $247.60, for a total value of $2,040,471.60.
  • On Thursday, January 18th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $238.95, for a total value of $1,969,186.95.
  • On Friday, January 12th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $237.84, for a total value of $1,960,039.44.
  • On Wednesday, January 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $242.95, for a total value of $2,002,150.95.
  • On Monday, January 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $234.45, for a total value of $1,932,102.45.
  • On Tuesday, January 2nd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $227.19, for a total value of $1,872,272.79.
  • On Tuesday, December 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $245.03, for a total value of $2,019,292.23.

Atlassian Stock Performance

Shares of TEAM opened at $218.76 on Friday. The business has a 50-day moving average of $229.40 and a 200 day moving average of $203.99. Atlassian Co. has a fifty-two week low of $128.02 and a fifty-two week high of $258.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.43.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TEAM. Truist Financial raised their price objective on Atlassian from $180.00 to $220.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group raised their price objective on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Mizuho raised their price objective on Atlassian from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Barclays raised their price objective on Atlassian from $165.00 to $250.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Piper Sandler dropped their price objective on Atlassian from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average target price of $225.19.

View Our Latest Analysis on Atlassian

Institutional Investors Weigh In On Atlassian

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Atlassian by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,851,471 shares of the technology company’s stock worth $2,992,720,000 after acquiring an additional 112,482 shares during the last quarter. WCM Investment Management LLC increased its holdings in Atlassian by 2.7% in the 4th quarter. WCM Investment Management LLC now owns 9,640,536 shares of the technology company’s stock worth $2,325,490,000 after acquiring an additional 249,017 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Atlassian by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company’s stock worth $2,094,980,000 after acquiring an additional 1,511,318 shares during the last quarter. BlackRock Inc. increased its holdings in Atlassian by 12.4% in the 2nd quarter. BlackRock Inc. now owns 8,501,011 shares of the technology company’s stock worth $1,426,555,000 after acquiring an additional 937,538 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Atlassian by 1.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 6,048,160 shares of the technology company’s stock worth $1,218,765,000 after acquiring an additional 63,903 shares during the last quarter. Hedge funds and other institutional investors own 53.36% of the company’s stock.

Atlassian Company Profile

(Get Free Report)

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.

See Also

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

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