Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CRO Brian Duffy sold 1,851 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $319,204.95. Following the sale, the executive owned 218,223 shares of the company’s stock, valued at approximately $37,632,556.35. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Brian Duffy also recently made the following trade(s):
- On Friday, August 14th, Brian Duffy sold 7,617 shares of Atlassian stock. The stock was sold at an average price of $163.00, for a total value of $1,241,571.00.
- On Friday, June 12th, Brian Duffy sold 3,000 shares of Atlassian stock. The shares were sold at an average price of $89.71, for a total value of $269,130.00.
- On Thursday, June 11th, Brian Duffy sold 1,432 shares of Atlassian stock. The shares were sold at an average price of $88.79, for a total value of $127,147.28.
- On Wednesday, June 10th, Brian Duffy sold 1,813 shares of Atlassian stock. The shares were sold at an average price of $92.79, for a total transaction of $168,228.27.
- On Tuesday, June 9th, Brian Duffy sold 1,454 shares of Atlassian stock. The shares were sold at an average price of $95.35, for a total transaction of $138,638.90.
- On Monday, June 8th, Brian Duffy sold 1,451 shares of Atlassian stock. The stock was sold at an average price of $98.03, for a total transaction of $142,241.53.
Atlassian Trading Up 0.4%
NASDAQ:TEAM opened at $174.91 on Friday. The company has a 50-day moving average price of $104.18 and a 200-day moving average price of $88.91. The stock has a market cap of $44.39 billion, a price-to-earnings ratio of -920.58, a P/E/G ratio of 13.69 and a beta of 1.05. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $184.00.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TEAM. Citigroup upped their price target on Atlassian from $110.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets boosted their target price on shares of Atlassian from $95.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Robert W. Baird set a $200.00 target price on shares of Atlassian in a research report on Friday, August 7th. Guggenheim lifted their price target on shares of Atlassian from $115.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, KeyCorp lifted their target price on shares of Atlassian from $115.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.23.
Get Our Latest Analysis on Atlassian
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Nicholas Company Inc. lifted its stake in shares of Atlassian by 8.7% during the 4th quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company’s stock valued at $49,748,000 after buying an additional 24,490 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Atlassian by 25.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,400 shares of the technology company’s stock valued at $22,602,000 after acquiring an additional 28,001 shares during the period. Tensor Edge Capital LLC purchased a new position in Atlassian in the 4th quarter worth approximately $5,028,000. M&T Bank Corp boosted its stake in Atlassian by 481.7% in the 4th quarter. M&T Bank Corp now owns 24,651 shares of the technology company’s stock worth $3,997,000 after purchasing an additional 20,413 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Atlassian by 12.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 286,869 shares of the technology company’s stock valued at $46,513,000 after buying an additional 31,324 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.
About Atlassian
Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.
Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.
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