Yahoo Finance Atlassian Corp President Anutthara Bharadwaj Sells Company Shares
Atlassian Corp (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, has reported an insider sale according to a recent SEC filing. President Anutthara Bharadwaj sold 760 shares of the company on April 23, 2024. The transaction was executed at a price of $200 per share, resulting in a total sale amount of $152,000.
Over the past year, Anutthara Bharadwaj has sold a total of 56,328 shares of Atlassian Corp and has not made any purchases of the stock. The insider transaction history for Atlassian Corp shows a pattern of insider sales, with 572 insider sells and no insider buys over the same timeframe.
At the time of the sale, Atlassian Corp shares were trading at $200, giving the company a market capitalization of $51.624 billion. The stock's trading price on the day of the sale represents a significant undervaluation according to the GuruFocus Value, which is currently estimated at $309.11 per share. This indicates a price-to-GF-Value ratio of 0.65, suggesting that Atlassian Corp is significantly undervalued.
The GF Value is determined by 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. Additionally, future business performance estimates provided by Morningstar analysts are factored into the calculation.
The insider trend image above reflects the recent insider selling activity at Atlassian Corp.
The GF Value image provides a visual representation of Atlassian Corp's current valuation status in relation to its intrinsic value estimate.
For more detailed information on insider transactions and stock performance, investors and analysts are encouraged to visit the SEC filing and the company's profile on GuruFocus.
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.
