Trump announces 100% chip tariff as Apple ups U.S. investment
In a recent transaction filing, Bharadwaj Anutthara, the President of Atlassian Corp (NASDAQ:TEAM), reported the sale of Class A Common Stock valued at approximately $526,958. The sales occurred on February 19, 2025, with prices per share ranging from $303.42 to $314.55. The transaction comes as Atlassian, currently valued at $78.19 billion, has demonstrated remarkable momentum with a 94% surge over the past six months. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $270 to $420.
The sales involved multiple transactions, including 626 shares sold at a price range of $303.70 to $304.69, and 14 shares at prices between $313.32 and $314.10, among others. These transactions were executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs). Following these transactions, Anutthara retains direct ownership of 199,934 shares of Atlassian. The company maintains impressive gross profit margins of 82% and appears overvalued according to InvestingPro Fair Value calculations, with 13 additional key insights available for subscribers.
In other recent news, Atlassian Corp Plc reported strong financial results for Q4 2024, significantly surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $0.96, outpacing the expected $0.62, while revenue reached $1.29 billion, exceeding projections of $1.23 billion. Additionally, Atlassian’s subscription revenue saw a 30% year-over-year increase, contributing to the company’s robust performance. The company’s gross margins improved to 85%, a year-over-year increase of 100 basis points. In the realm of analyst activity, Atlassian’s stock performance has been bolstered by positive market reactions following the earnings announcement. The company is also focusing on expanding its presence in the enterprise market, as evidenced by a record number of deals exceeding $1 million in annual contract value. Looking forward, Atlassian aims to double its revenue to $10 billion with expectations of maintaining non-GAAP operating margins above 25% by FY 2026, as highlighted by the company’s leadership.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.