On June 21, 2024, Anutthara Bharadwaj, President of Atlassian Corp (TEAM, Financial), sold 760 shares of the company at a price of $160 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 153,294 shares of Atlassian Corp.
Atlassian Corp (TEAM, Financial) specializes in software development and collaboration tools, including its flagship products Jira and Confluence. These tools are widely used by teams to manage software development and facilitate team collaboration.
Over the past year, Anutthara Bharadwaj has sold a total of 50,032 shares and has not purchased any shares. This recent sale is part of a broader trend within Atlassian Corp, where there have been 569 insider sells and no insider buys over the past year.
Shares of Atlassian Corp were trading at $160 on the day of the sale, giving the company a market cap of approximately $42.88 billion. According to GF Value, the stock is significantly undervalued, with a price-to-GF-Value ratio of 0.57, suggesting potential for price appreciation.
The GF Value of $278.47 is derived from historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of confidence levels concerning the company's future prospects.
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.
