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

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

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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 stock was sold at an average price of $229.11, for a total transaction of $1,973,553.54.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $124.50 on Thursday. Atlassian Co. Plc has a 52 week low of $113.86 and a 52 week high of $404.68. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average price of $187.80 and a two-hundred day moving average price of $203.94.

Atlassian (NASDAQ:TEAMGet Rating) last issued its earnings results on Thursday, November 3rd. The technology company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $807.39 million during the quarter, compared to the consensus estimate of $806.42 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, analysts forecast that Atlassian Co. Plc will post -0.9 EPS for the current year.

Institutional Investors Weigh In On Atlassian

Several large investors have recently bought and sold shares of TEAM. WCM Investment Management LLC increased its stake in Atlassian by 75.2% in the third quarter. WCM Investment Management LLC now owns 5,879,895 shares of the technology company’s stock valued at $1,248,478,000 after purchasing an additional 2,523,053 shares in the last quarter. Jennison Associates LLC increased its position in shares of Atlassian by 41.6% during the third quarter. Jennison Associates LLC now owns 7,134,346 shares of the technology company’s stock worth $1,502,422,000 after acquiring an additional 2,095,358 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Atlassian by 8.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 22,693,727 shares of the technology company’s stock worth $4,252,805,000 after acquiring an additional 1,803,544 shares in the last quarter. Durable Capital Partners LP bought a new stake in shares of Atlassian during the first quarter worth $434,144,000. Finally, Artisan Partners Limited Partnership increased its position in shares of Atlassian by 34.1% during the second quarter. Artisan Partners Limited Partnership now owns 5,199,365 shares of the technology company’s stock worth $974,361,000 after acquiring an additional 1,321,817 shares in the last quarter. Institutional investors own 87.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Atlassian from $325.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. Citigroup reduced their target price on shares of Atlassian from $375.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. The Goldman Sachs Group reduced their target price on shares of Atlassian from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Mizuho reduced their target price on shares of Atlassian from $320.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Finally, BMO Capital Markets reduced their target price on shares of Atlassian from $295.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.

Further Reading

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

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