Atlassian Co. (NASDAQ:TEAM) CAO Sells $102,350.00 in Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CAO Gene Liu sold 445 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.00, for a total value of $102,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 58,723 shares of the company’s stock, valued at approximately $13,506,290. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gene Liu also recently made the following trade(s):

  • On Friday, November 1st, Gene Liu sold 1,024 shares of Atlassian stock. The shares were sold at an average price of $225.45, for a total transaction of $230,860.80.

Atlassian Price Performance

Shares of TEAM opened at $237.80 on Monday. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $258.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a fifty day moving average price of $179.57 and a 200 day moving average price of $172.26. The company has a market cap of $61.93 billion, a P/E ratio of -156.45 and a beta of 0.71.

Atlassian (NASDAQ:TEAMGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts forecast that Atlassian Co. will post -0.56 earnings per share for the current year.

Hedge Funds Weigh In On Atlassian

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Atlassian by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company’s stock valued at $3,039,287,000 after acquiring an additional 221,650 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock valued at $2,173,847,000 after purchasing an additional 904,138 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Atlassian by 0.9% in the third quarter. Baillie Gifford & Co. now owns 8,514,039 shares of the technology company’s stock worth $1,352,115,000 after purchasing an additional 78,454 shares during the period. Dragoneer Investment Group LLC bought a new position in Atlassian in the 2nd quarter valued at about $469,803,000. Finally, Capital International Investors increased its stake in Atlassian by 6.3% during the 1st quarter. Capital International Investors now owns 2,436,567 shares of the technology company’s stock valued at $475,399,000 after buying an additional 144,117 shares during the period. 93.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of analyst reports. Raymond James boosted their price objective on shares of Atlassian from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. KeyCorp upgraded Atlassian from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a report on Friday, November 1st. Robert W. Baird boosted their target price on shares of Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Atlassian from $177.00 to $255.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group boosted their price target on Atlassian from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $243.16.

Get Our Latest Research Report on Atlassian

About Atlassian

(Get Free Report)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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