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 the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $202.83, for a total value of $1,747,177.62. Following the transaction, the chief executive officer now directly owns 361,788 shares of the company’s stock, valued at $73,381,460.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value of $1,973,553.54.
  • On Wednesday, October 5th, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $237.95, for a total value of $2,049,701.30.
  • On Monday, October 3rd, Michael Cannon-Brookes sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $215.89, for a total value of $1,859,676.46.

Atlassian Stock Performance

Atlassian stock opened at $191.74 on Wednesday. Atlassian Co. Plc has a 12 month low of $159.54 and a 12 month high of $454.95. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day simple moving average of $224.68 and a 200-day simple moving average of $216.00.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.13). Atlassian had a negative return on equity of 98.61% and a negative net margin of 21.91%. The business had revenue of $759.80 million for the quarter, compared to analyst estimates of $724.28 million. During the same period in the prior year, the company earned ($0.06) EPS. The company’s revenue was up 35.8% on a year-over-year basis. Equities research analysts anticipate that Atlassian Co. Plc will post -0.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TEAM. KeyCorp decreased their target price on Atlassian from $338.00 to $278.00 and set an “overweight” rating for the company in a research note on Friday, July 22nd. Sanford C. Bernstein set a $263.00 price objective on Atlassian in a research note on Friday, August 12th. Robert W. Baird reduced their price objective on Atlassian from $520.00 to $380.00 and set an “outperform” rating for the company in a research note on Friday, August 5th. Cowen reduced their price objective on Atlassian from $285.00 to $245.00 in a research note on Friday, July 22nd. Finally, Jefferies Financial Group reduced their price objective on Atlassian from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Monday. Four 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, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $314.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in 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 during the period. Jennison Associates LLC grew its holdings in 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 during the period. Sands Capital Management LLC grew its holdings in Atlassian by 6.5% during the second quarter. Sands Capital Management LLC now owns 6,504,421 shares of the technology company’s stock worth $1,218,928,000 after acquiring an additional 397,595 shares during the period. WCM Investment Management LLC grew its holdings 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 during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in Atlassian by 34.1% in the second quarter. Artisan Partners Limited Partnership now owns 5,199,365 shares of the technology company’s stock valued at $974,361,000 after purchasing an additional 1,321,817 shares during the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.

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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