On September 20, 2024, Anutthara Bharadwaj, President of Atlassian Corp (TEAM, Financial), executed a sale of 760 shares of the company at a price of $163.11 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 143,966 shares of Atlassian Corp.
Atlassian Corp (TEAM, Financial) specializes in collaboration, development, and issue tracking software for teams. The company's products include Jira for team planning and project management, Confluence for team content creation and sharing, Trello for capturing and adding structure to fluid, fast-forming work for teams, and more, facilitating organized work and productivity.
Over the past year, Anutthara Bharadwaj has sold a total of 44,663 shares of Atlassian Corp and has not made any purchases of the stock. The broader insider transaction trend at Atlassian Corp shows a total of 562 insider sells and no insider buys over the same period.
On the valuation front, Atlassian Corp's shares were trading at $163.11 on the day of the sale, giving the company a market cap of approximately $42.12 billion. The stock is currently considered significantly undervalued with a GF Value of $254.52, indicating a price-to-GF-Value ratio of 0.64.
The GF Value is calculated based on 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 might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future business 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.
