Insider Selling: Atlassian Co. (NASDAQ:TEAM) CEO Sells 8,614 Shares of Stock

Atlassian Co. (NASDAQ:TEAMGet Rating) CEO Scott Farquhar sold 8,614 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $150.79, for a total value of $1,298,905.06. Following the sale, the chief executive officer now owns 447,928 shares of the company’s stock, valued at approximately $67,543,063.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Scott Farquhar also recently made the following trade(s):

  • On Thursday, January 5th, Scott Farquhar sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $122.27, for a total value of $1,053,233.78.
  • On Tuesday, December 27th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $124.60, for a total value of $1,073,304.40.
  • On Tuesday, December 20th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $136.83, for a total value of $1,178,653.62.
  • On Friday, December 16th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $146.60, for a total value of $1,262,812.40.
  • On Wednesday, December 14th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $149.00, for a total value of $1,283,486.00.
  • On Thursday, December 8th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $135.49, for a total value of $1,167,110.86.
  • On Monday, December 5th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $135.68, for a total value of $1,168,747.52.
  • On Monday, November 28th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $126.26, for a total value of $1,087,603.64.
  • On Tuesday, November 15th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $142.74, for a total value of $1,229,562.36.
  • On Monday, November 7th, Scott Farquhar sold 8,614 shares of Atlassian stock. The shares were sold at an average price of $117.48, for a total value of $1,011,972.72.

Atlassian Trading Up 0.1 %

Shares of NASDAQ:TEAM opened at $148.89 on Friday. Atlassian Co. has a 12-month low of $113.86 and a 12-month high of $352.92. The business’s fifty day simple moving average is $133.33 and its 200-day simple moving average is $190.12. The company has a market capitalization of $38.04 billion, a PE ratio of -167.29 and a beta of 0.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.08.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.46. Atlassian had a negative return on equity of 71.10% and a negative net margin of 7.60%. The business had revenue of $807.39 million for the quarter, compared to the consensus estimate of $806.42 million. During the same period last year, the business posted ($0.01) EPS. The business’s revenue was up 31.5% compared to the same quarter last year. As a group, equities research analysts predict that Atlassian Co. will post -0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on TEAM. Morgan Stanley lowered their price objective on Atlassian from $375.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, November 11th. Mizuho lowered their price objective on Atlassian from $320.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, November 4th. StockNews.com lowered Atlassian from a “hold” rating to a “sell” rating in a research note on Saturday, January 14th. Piper Sandler lowered their price objective on Atlassian from $148.00 to $140.00 in a research note on Tuesday, January 3rd. Finally, Macquarie lowered Atlassian from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $287.00 to $147.00 in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $237.95.

Institutional Trading of Atlassian

A number of institutional investors have recently made changes to their positions in TEAM. Rosenberg Matthew Hamilton acquired a new stake in shares of Atlassian in the 3rd quarter worth $26,000. Ronald Blue Trust Inc. acquired a new stake in shares of Atlassian in the 2nd quarter worth $36,000. Quent Capital LLC boosted its position in shares of Atlassian by 28.4% in the 2nd quarter. Quent Capital LLC now owns 217 shares of the technology company’s stock worth $41,000 after purchasing an additional 48 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Atlassian in the 4th quarter worth $42,000. Finally, Crewe Advisors LLC boosted its position in shares of Atlassian by 270.0% in the 2nd quarter. Crewe Advisors LLC now owns 259 shares of the technology company’s stock worth $49,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 45.50% of the company’s stock.

Atlassian Company Profile

(Get Rating)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

See Also

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

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