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- Technology
- Software—Application
- Disposed: Non-Derivative
- Overview of Transaction
- Transaction Facts
- Insider's Historical Trading Activity
- Market Data and Financials
- Significance of the Transaction
- Implications for Investors
- Tables
Overview of Transaction
On December 26, 2023, Scott Farquhar, Co-CEO and Co-Founder of Atlassian Corporation (Ticker: TEAM), executed a significant sale of 2,892 shares of Class A Common Stock. The transaction was carried out indirectly and involved an equity swap. The shares were sold at a price of $244.90 per share, resulting in a total market value of approximately $708,684.61. Following this transaction, Mr. Farquhar's ownership in the company stands at 30,072 shares.
Transaction Facts
| Transaction date | 2023-12-26 |
| Transaction code | S: Open market or private sale of non-derivative or derivative security |
| Acquired or disposed | Disposed |
| Ownership: direct or indirect | Indirect |
| Security title | Class A Common Stock |
| Equity swap involved | Yes |
| Transaction shares | 2892.0 |
| Transaction price per share | $ 244.90 |
| Shares owned following transaction | 30072.0 |
Insider's Historical Trading Activity
The transaction on December 26 is part of a series of sales by Scott Farquhar within the last 365 days. These transactions have consistently involved the disposal of shares, with prices ranging from approximately $236.39 to $247.72. The insider's trading activity suggests a pattern of liquidating positions, potentially for personal financial management or diversification reasons.
Market Data and Financials
Atlassian Corporation operates in the Technology sector, specifically in the Software—Application industry. The company has experienced a notable increase in its share price over various time horizons, with a 23.39% change over the last ten days, 30.13% over the last fifty days, and an impressive 57.31% over the last two hundred days. The average daily volume also reflects active trading, with the ten-day average at approximately $2,209,381.00.
Atlassian's financial health appears robust with a market capitalization of USD 48,304,283,648.00 and total cash reserves of USD 2,160,840,960.00. However, the company also holds a total debt of USD 1,282,358,016.00. The company's enterprise value is calculated at USD 47,269,720,064.00, with a gross profit of USD 2,910,074,000.00 and total revenue of USD 3,534,647,040.00.
Significance of the Transaction
The sale conducted by Scott Farquhar represents a significant transaction by a key insider and a principal officer of Atlassian Corporation. As a Co-Founder and Co-CEO, Mr. Farquhar's trading activities are closely monitored by investors and could be interpreted as a signal regarding his confidence in the company's future prospects. Moreover, the transaction coincides with a period of strong performance for Atlassian's stock, which may indicate Mr. Farquhar's intent to capitalize on recent price increases.
Implications for Investors
While insider transactions can provide valuable insights, they should not be the sole factor considered by investors when making investment decisions. It is important to note that insiders may sell shares for various reasons unrelated to their outlook on the company, such as personal financial planning or diversifying their investment portfolio. Investors should consider the broader market trends, the company's financial performance, and other relevant factors in addition to insider trading activity.
Tables
Historical trading data
- Ticker: TEAM
- Showing data prior to the transaction date: Dec. 26, 2023
| 10 day | 50 day | 200 day | 52 week | |
|---|---|---|---|---|
| Close price average | $ 229.87 | $ 193.98 | $ 179.43 | $ 182.38 |
| Price high | $ 248.00 | $ 248.00 | $ 248.00 | $ 300.29 |
| Price low | $ 195.19 | $ 165.51 | $ 128.02 | $ 113.86 |
| Price change | 23.39% | 30.13% | 57.31% | 29.73% |
| Average daily volume | $ 2,209,381.00 | $ 1,590,499.16 | $ 1,691,053.06 | $ 2,092,151.13 |
Transactions by Farquhar Scott on the same day
- Transaction date: Dec. 26, 2023
- Ticker: TEAM
- On the same day, Farquhar Scott has also made 5 transactions with the same issuer:
| Transaction | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|
| 12091943 | Disposed | Non-Derivative | Class A Common S... | 150.0 | $ 36,757.50 |
| 12091994 | Disposed | Non-Derivative | Class A Common S... | 650.0 | $ 159,282.50 |
| 12091983 | Disposed | Non-Derivative | Class A Common S... | 100.0 | $ 24,505.00 |
| 12091907 | Disposed | Non-Derivative | Class A Common S... | 2188.0 | $ 536,169.41 |
| 12091965 | Disposed | Non-Derivative | Class A Common S... | 2261.0 | $ 554,058.06 |
Transactions by other insiders in the last 7 days
- Transaction dates: 2023-12-19 - 2023-12-26
- Ticker: TEAM
- In the last 7 days, other insiders made 31 transactions with the same issuer:
| Transaction | Transaction date | Insider | Action | Type | Security | Shares | Market value |
|---|---|---|---|---|---|---|---|
| 12091981 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2893.0 | $ 708,929.66 |
| 12091932 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2261.0 | $ 554,058.06 |
| 12091903 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 150.0 | $ 36,757.50 |
| 12091997 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 650.0 | $ 159,282.50 |
| 12091956 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2187.0 | $ 535,924.36 |
| 12091998 | 2023-12-26 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 100.0 | $ 24,505.00 |
| 12090539 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 251.0 | $ 60,440.80 |
| 12090422 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 570.0 | $ 137,256.00 |
| 12090496 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 200.0 | $ 48,160.00 |
| 12090477 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2277.0 | $ 548,301.61 |
| 12090442 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 3321.0 | $ 799,696.81 |
| 12090516 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 500.0 | $ 120,400.00 |
| 12090458 | 2023-12-22 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1122.0 | $ 270,177.60 |
| 12090105 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 300.0 | $ 73,509.00 |
| 12090194 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 962.0 | $ 235,718.86 |
| 12090169 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1544.0 | $ 378,326.32 |
| 12090060 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 50.0 | $ 12,251.50 |
| 12090084 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1671.0 | $ 409,445.13 |
| 12090125 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1452.0 | $ 355,783.56 |
| 12090147 | 2023-12-21 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2262.0 | $ 554,257.86 |
| 12088785 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1664.0 | $ 395,366.41 |
| 12088885 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2747.0 | $ 652,687.22 |
| 12088845 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 150.0 | $ 35,640.00 |
| 12088858 | 2023-12-20 | Liu Gene, a Director, a 10%+ Owner, Principal Accounting Officer | Disposed | Non-Derivative | Class A Common S... | 1441.0 | $ 342,381.61 |
| 12088822 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 350.0 | $ 83,160.00 |
| 12088865 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 400.0 | $ 95,040.00 |
| 12088978 | 2023-12-20 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 2930.0 | $ 696,168.02 |
| 12088062 | 2023-12-19 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 5422.0 | $ 1,263,705.58 |
| 12088096 | 2023-12-19 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 1697.0 | $ 395,519.80 |
| 12088044 | 2023-12-19 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 250.0 | $ 58,267.50 |
| 12088076 | 2023-12-19 | Cannon-Brookes Michael, a Director, a 10%+ Owner, Co-CEO, Co-Founder | Disposed | Non-Derivative | Class A Common S... | 622.0 | $ 144,969.54 |