Shares of Atlassian (TEAM) extended its selloff after the company’s CEO, Michael Cannon-Brookes, disclosed the sale of 7,665 shares at an average price of $218.57 for over $1.675M. Cannon-Brookes continues to own 452,235 shares of Atlassian. The company’s’ former CEO and director Scott Farquhar also sold $1.675M of shares at the same price. The stock in midday trading is down 8%, or $17.06, to $203.83.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM: