Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) CAO Gene Liu sold 815 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $163.00, for a total value of $132,845.00. Following the sale, the chief accounting officer owned 57,932 shares in the company, valued at approximately $9,442,916. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Gene Liu also recently made the following trade(s):
- On Thursday, August 13th, Gene Liu sold 737 shares of Atlassian stock. The shares were sold at an average price of $165.00, for a total transaction of $121,605.00.
- On Tuesday, May 19th, Gene Liu sold 67 shares of Atlassian stock. The shares were sold at an average price of $87.71, for a total transaction of $5,876.57.
Atlassian Trading Down 2.4%
Shares of NASDAQ:TEAM traded down $3.88 during mid-day trading on Monday, reaching $158.34. 3,047,567 shares of the company’s stock were exchanged, compared to its average volume of 5,459,537. The firm has a market capitalization of $40.18 billion, a price-to-earnings ratio of -833.37, a PEG ratio of 18.33 and a beta of 1.05. Atlassian Corporation PLC has a twelve month low of $56.01 and a twelve month high of $184.00. The business’s fifty day moving average price is $99.46 and its 200-day moving average price is $87.93. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70.
Institutional Trading of Atlassian
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Atlassian by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after acquiring an additional 61,706 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Atlassian by 291.4% in the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after purchasing an additional 5,769,788 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Atlassian by 27.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock valued at $343,344,000 after purchasing an additional 1,080,561 shares during the period. Morgan Stanley grew its position in Atlassian by 52.4% in the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after purchasing an additional 1,657,309 shares during the period. Finally, State Street Corp increased its stake in Atlassian by 3.3% during the 4th quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after purchasing an additional 127,105 shares in the last quarter. 94.45% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TEAM has been the topic of a number of recent analyst reports. Guggenheim boosted their price target on shares of Atlassian from $115.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $126.00 price target on shares of Atlassian in a research report on Monday, August 3rd. KeyCorp increased their price target on Atlassian from $115.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. TD Cowen boosted their price objective on Atlassian from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Atlassian in a research report on Monday, June 29th. Twenty-four 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.27.
Read Our Latest Analysis on TEAM
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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