Insider Selling: Atlassian CEO Offloads $1.4M in Company Shares

Atlassian Stock

Atlassian (TEAM:NSD) CEO Scott Farquhar has sold a significant number of shares in the company in recent months. On March 2nd, he sold 8,614 Atlassian stock shares at an average price of $164.18, totaling $1,414,246.52. Following this sale, he now owns 180,894 shares in the company, worth $29,699,176.92.

Farquhar has made similar sales in previous months, including selling 8,614 shares on February 8th, February 1st, and January 30th, respectively.

Atlassian Stock Price Analysis:

Atlassian stock performance has been fluctuating, with a 52-week low of $113.86 and a high of $318.64. The company’s market capitalization is $45.50 billion, and it has a price-to-earnings ratio of -128.64.

TEAM Ratings by Stock Target Advisor

The atlassian stock has received mixed ratings from analysts, with six ratings it as a “hold” and twelve ratings it as a “buy.” Notably, WCM Investment Management LLC increased its stake in Atlassian by 61.6% in the fourth quarter.

TEAM Ratings by Stock Target Advisor

Company Profile:

Atlassian Corporation, 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.

Atlassian Corporation was founded in 2002 and is headquartered in Sydney, Australia.

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