Atlassian Corp CTO Rajeev Rajan Sells 2,302 Shares
Rajeev Rajan, Chief Technology Officer of Atlassian Corp (NASDAQ:TEAM), sold 2,302 shares of the company on February 23, 2024, according to a recent SEC filing. The transaction was executed at an average price of $205.5 per share, resulting in a total value of $473,361.
Atlassian Corp is a global software company that designs, develops, and produces prepackaged computer software for software developers, project managers, and content management. It is well-known for its issue tracking application, Jira, and its team collaboration and wiki product, Confluence. The company operates on a global scale, providing tools that help teams collaborate, build software, and serve their customers.
Over the past year, the insider has sold a total of 29,533 shares of Atlassian Corp and has not made any purchases. The recent sale by Rajeev Rajan is part of a broader trend observed within the company, where there have been 564 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Atlassian Corp were trading at $205.5, giving the company a market cap of $53.09 billion.
The stock's price-to-GF-Value ratio stands at 0.68, with a GuruFocus Value of $301.12, indicating that Atlassian Corp is significantly undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
