Michael Cannon-Brookes Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $179.88, for a total transaction of $1,482,391.08. Following the sale, the chief executive officer now directly owns 267,558 shares in the company, valued at $48,128,333.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, May 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.93, for a total transaction of $1,474,562.13.
  • On Monday, May 6th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $182.45, for a total value of $1,503,570.45.
  • On Wednesday, May 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $172.99, for a total value of $1,425,610.59.
  • On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $178.95, for a total value of $1,474,726.95.
  • On Friday, April 19th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $191.53, for a total value of $1,578,398.73.
  • On Wednesday, April 17th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $196.26, for a total transaction of $1,617,378.66.
  • On Monday, April 15th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.46, for a total transaction of $1,627,267.86.
  • On Wednesday, April 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $201.81, for a total transaction of $1,663,116.21.
  • On Monday, April 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.71, for a total transaction of $1,629,328.11.
  • On Friday, April 5th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $196.25, for a total value of $1,617,296.25.

Atlassian Stock Up 0.7 %

TEAM stock opened at $184.08 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $193.89 and a 200-day simple moving average of $205.95. The company has a market capitalization of $47.92 billion, a P/E ratio of -292.19 and a beta of 0.67. Atlassian Co. has a twelve month low of $134.88 and a twelve month high of $258.69.

Atlassian (NASDAQ:TEAMGet Free Report) last released its earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned ($0.40) EPS. The company’s revenue was up 29.9% on a year-over-year basis. On average, equities research analysts predict that Atlassian Co. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TEAM. KeyCorp assumed coverage on Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. Mizuho dropped their target price on shares of Atlassian from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, April 26th. UBS Group reduced their price target on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. The Goldman Sachs Group increased their price objective on shares of Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reduced their target price on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus target price of $223.22.

Read Our Latest Stock Analysis on TEAM

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Atlassian by 12.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,263 shares of the technology company’s stock valued at $14,763,000 after acquiring an additional 8,073 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Atlassian in the 4th quarter worth about $202,000. American Century Companies Inc. boosted its holdings in shares of Atlassian by 58.7% in the 3rd quarter. American Century Companies Inc. now owns 430,112 shares of the technology company’s stock valued at $86,672,000 after buying an additional 159,102 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Atlassian in the 4th quarter valued at about $13,805,000. Finally, Royal Bank of Canada grew its position in shares of Atlassian by 17.3% during the 3rd quarter. Royal Bank of Canada now owns 381,430 shares of the technology company’s stock valued at $76,862,000 after buying an additional 56,149 shares during the last quarter. Institutional investors own 93.03% 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.

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