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 company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $213.49, for a total value of $1,759,371.09. Following the transaction, the chief executive officer now directly owns 280,194 shares in the company, valued at approximately $59,818,617.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 value 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 shares were sold at an average price of $247.60, for a total transaction of $2,040,471.60.
  • On Thursday, January 18th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $238.95, for a total transaction of $1,969,186.95.
  • On Friday, January 12th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $237.84, for a total transaction of $1,960,039.44.
  • On Wednesday, January 10th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $242.95, for a total transaction of $2,002,150.95.
  • On Monday, January 8th, Michael Cannon-Brookes sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $234.45, for a total transaction 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 transaction 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 transaction of $2,019,292.23.

Atlassian Stock Up 3.0 %

NASDAQ:TEAM opened at $218.76 on Monday. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of -146.82 and a beta of 0.70. Atlassian Co. has a twelve month low of $128.02 and a twelve month high of $258.69. The stock’s 50 day moving average price is $229.40 and its two-hundred day moving average price is $204.18. The company has a quick ratio of 1.43, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Analysts Set New Price Targets

A number of research firms recently commented on TEAM. UBS Group lowered their price objective on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. William Blair restated an “outperform” rating on shares of Atlassian in a research report on Friday, February 2nd. Citigroup upped their price objective on shares of Atlassian from $215.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays upped their price objective on shares of Atlassian from $165.00 to $250.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.19.

Get Our Latest Stock Report on TEAM

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in shares of Atlassian during the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. increased its position in shares of Atlassian by 151.5% during the 4th quarter. Meeder Asset Management Inc. now owns 244 shares of the technology company’s stock worth $31,000 after purchasing an additional 147 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Atlassian during the 2nd quarter worth approximately $34,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Atlassian during the 2nd quarter worth approximately $41,000. Finally, Quarry LP acquired a new position in shares of Atlassian during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 53.36% of the company’s stock.

About Atlassian

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

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