Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CAO Gene Liu sold 939 shares of Atlassian stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $190.00, for a total transaction of $178,410.00. Following the transaction, the chief accounting officer directly owned 55,868 shares in the company, valued at $10,614,920. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Gene Liu also recently made the following trade(s):
- On Wednesday, August 19th, Gene Liu sold 1,125 shares of Atlassian stock. The shares were sold at an average price of $175.00, for a total transaction of $196,875.00.
- On Friday, August 14th, Gene Liu sold 815 shares of Atlassian stock. The stock was sold at an average price of $163.00, for a total transaction of $132,845.00.
- On Thursday, August 13th, Gene Liu sold 737 shares of Atlassian stock. The stock was sold at an average price of $165.00, for a total transaction of $121,605.00.
Atlassian Stock Down 0.3%
TEAM opened at $186.44 on Thursday. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $197.30. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $121.40 and its 200-day moving average price is $94.17. The company has a market cap of $47.31 billion, a P/E ratio of -981.26, a P/E/G ratio of 14.70 and a beta of 1.15.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Atlassian from $170.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research upped their price target on Atlassian from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Barclays increased their price objective on Atlassian from $112.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Bank of America boosted their target price on Atlassian from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Atlassian in a research note on Wednesday, July 1st. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.96.
View Our Latest Stock Analysis on Atlassian
Institutional Investors Weigh In On Atlassian
Several hedge funds have recently bought and sold shares of the business. MV Capital Management Inc. bought a new stake in shares of Atlassian in the 4th quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Atlassian during the second quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Atlassian by 139.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock worth $29,000 after acquiring an additional 220 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Atlassian in the first quarter worth $30,000. Finally, State of Wyoming increased its holdings in shares of Atlassian by 65.7% during the first quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.
Atlassian Company Profile
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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