Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $172.99, for a total transaction of $1,425,610.59. Following the transaction, the chief executive officer now owns 325,245 shares of the company’s stock, valued at approximately $56,264,132.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael Cannon-Brookes also recently made the following trade(s):
- On Friday, April 26th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $178.95, for a total transaction 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 transaction of $1,578,398.73.
- On Wednesday, April 17th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were 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 stock was 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 stock was 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 transaction of $1,617,296.25.
- On Wednesday, April 3rd, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $195.98, for a total transaction of $1,615,071.18.
- On Monday, April 1st, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $193.55, for a total transaction of $1,595,045.55.
- On Monday, March 25th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $192.21, for a total transaction of $1,584,002.61.
Atlassian Stock Performance
Atlassian stock traded up $10.78 during mid-day trading on Thursday, reaching $183.55. 3,233,250 shares of the company traded hands, compared to its average volume of 1,775,085. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.07. Atlassian Co. has a fifty-two week low of $128.02 and a fifty-two week high of $258.69. The company has a market capitalization of $47.61 billion, a price-to-earnings ratio of -291.35 and a beta of 0.67. The firm’s fifty day moving average is $198.09 and its two-hundred day moving average is $206.17.
Institutional Investors Weigh In On Atlassian
A number of institutional investors have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC purchased a new position in shares of Atlassian in the third quarter valued at approximately $535,000. Robeco Institutional Asset Management B.V. lifted its stake in Atlassian by 2.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 45,010 shares of the technology company’s stock worth $9,070,000 after acquiring an additional 1,168 shares during the last quarter. Xponance Inc. raised its holdings in Atlassian by 0.8% during the third quarter. Xponance Inc. now owns 20,586 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 172 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Atlassian by 8.0% during the third quarter. Stratos Wealth Partners LTD. now owns 7,550 shares of the technology company’s stock worth $1,521,000 after purchasing an additional 561 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in Atlassian by 4.0% during the third quarter. Independent Advisor Alliance now owns 2,691 shares of the technology company’s stock worth $542,000 after purchasing an additional 104 shares in the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, April 26th. Oppenheimer decreased their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Barclays upgraded shares of Atlassian from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $235.00 to $275.00 in a report on Thursday, April 11th. Robert W. Baird lowered their price target on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, Wells Fargo & Company upped their price target on shares of Atlassian from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.22.
Get Our Latest Stock Analysis on Atlassian
Atlassian Company Profile
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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