Rajeev Rajan, Chief Technology Officer of Atlassian, Inc. (NASDAQ:TEAM) sold 1,242 shares of the company's stock on February 16, 2024, according to a recent SEC filing. Atlassian Corp is a global software company that designs, develops, and produces prepackaged computer software for project management, collaboration, and code development. The company's products include JIRA for team planning and project management, Confluence for creating and sharing team content, Trello for bringing structure into and adding structure to teams' fluid and rapid formation efforts, and Team Code. Includes Bitbucket for sharing and management.
Insiders sold a total of 27,022 shares, but did not buy any shares in the company over the past year. The most recent trade was executed at a price of $212.33 per share, for a total sale price of $263,692.06. Following this transaction, the insider's stake in Atlassian Corp was adjusted accordingly.
Atlassian Corp's insider trading history shows a trend of more insider sales than purchases over the past year. There were zero insider buys and 567 insider sells during this period.
At the time of the sale, Atlassian's stock was trading at $212.33, giving the company a market capitalization of $53.93 billion. The stock's price compared to GuruFocus Value (GF Value) indicates that it is significantly undervalued. The GF value is $299.78, suggesting a price to GF value ratio of 0.71.
GF value is a unique value estimated independently by GuruFocus. It is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, it incorporates the GuruFocus adjustment factor, which takes into account the company's past earnings and growth, as well as future earnings forecasts provided by Morningstar analysts.
Atlassian Corp investors and stakeholders may consider recent stock sales by insiders, alongside the company's current valuation metrics, to inform investment decisions.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
