Insider Sale: Chief Technology Officer Rajeev Rajan Sells Shares of Atlassian Corp (TEAM)

On October 11, 2024, Rajeev Rajan, Chief Technology Officer of Atlassian Corp (TEAM, Financial), executed a sale of 5,172 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 204,109 shares of Atlassian Corp.

Atlassian Corp (TEAM, Financial) specializes in collaboration, development, and issue tracking software for teams. The company’s products include Jira, Confluence, Bitbucket, and Trello, among others, which help teams organize, discuss, and complete shared work.

Over the past year, Rajeev Rajan has sold a total of 30,133 shares and has not made any purchases. The insider transaction history for Atlassian Corp shows a trend with 0 insider buys and 569 insider sells over the past year.

On the day of the sale, shares of Atlassian Corp were trading at $190, giving the company a market cap of $48.64 billion. According to the GF Value, which is an intrinsic value estimate from GuruFocus, Atlassian Corp is considered modestly undervalued with a price-to-GF-Value ratio of 0.74. The GF Value of $256.55 suggests a potential for price increase based on historical trading multiples, an adjustment factor from past performance, and future business performance estimates.

This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company’s future prospects, especially when considering the stock’s valuation metrics such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.

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.