On January 19, 2024, Atlassian Corp (NASDAQ:TEAM) President Anutthara Bharadwaj sold 2,470 shares of the company's stock, according to a recent SEC filing. The insider completed the transaction at an average price of $240.55 per share, resulting in a total value of $594,158.50.
Atlassian Corp is a leading provider of team collaboration and productivity software. The company is known for its products that help teams organize, discuss, and complete shared work. Atlassian's offerings include project tracking, content creation and sharing, real-time communication, and service management products, which are used by thousands of teams worldwide.
Over the past year, the insider has sold a total of 50,538 shares of Atlassian Corp and has not made any purchases of the stock. The recent sale further contributes to the insider trend observed at the company.
The insider transaction history for Atlassian Corp shows a pattern of insider sales, with 561 insider sells and no insider buys over the past year.
At the time of the sale, Atlassian Corp's shares were trading at $240.55, giving the company a market cap of $63,376.665 billion.
The stock's price-to-GF-Value ratio stands at 0.66, with Atlassian Corp's shares being classified as Significantly Undervalued according to the GF Value. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. While the sale by the insider does not necessarily indicate a bearish outlook, it adds to the overall trend of insider selling at Atlassian Corp over the past year.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
