Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,274,355.16 in Stock

Atlassian Co. (NASDAQ:TEAMGet Rating) CEO Scott Farquhar sold 8,614 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $147.94, for a total value of $1,274,355.16. Following the completion of the transaction, the chief executive officer now owns 430,700 shares in the company, valued at approximately $63,717,758. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, January 17th, Scott Farquhar sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $150.79, for a total value of $1,298,905.06.
  • 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 stock was 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 stock was 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 stock was 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 stock was 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 transaction 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 transaction 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 transaction of $1,087,603.64.
  • On Tuesday, November 15th, Scott Farquhar sold 8,614 shares of Atlassian stock. The stock was sold at an average price of $142.74, for a total value of $1,229,562.36.

Atlassian Trading Up 6.0 %

Shares of TEAM opened at $157.75 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.25. Atlassian Co. has a 52-week low of $113.86 and a 52-week high of $352.92. The firm has a market cap of $40.31 billion, a price-to-earnings ratio of -177.25 and a beta of 0.80. The business’s fifty day moving average is $133.64 and its 200-day moving average is $189.72.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TEAM shares. Barclays started coverage on Atlassian in a research note on Thursday, December 15th. They set an “equal weight” rating and a $155.00 price objective for the company. Morgan Stanley reduced 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. Wells Fargo & Company decreased their target price on Atlassian from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research report on Friday, November 4th. Finally, StockNews.com downgraded Atlassian from a “hold” rating to a “sell” rating in a report on Saturday, January 14th. 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. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $237.95.

Institutional Trading of Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cigna Investments Inc. New raised its stake in shares of Atlassian by 3.4% in the second quarter. Cigna Investments Inc. New now owns 1,244 shares of the technology company’s stock worth $233,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC raised its stake in shares of Atlassian by 28.4% during 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 during the period. Legacy Wealth Asset Management LLC increased its holdings in Atlassian by 1.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock worth $580,000 after acquiring an additional 54 shares during the last quarter. Greenleaf Trust increased its holdings in Atlassian by 2.2% in the 2nd quarter. Greenleaf Trust now owns 3,291 shares of the technology company’s stock worth $617,000 after acquiring an additional 71 shares during the last quarter. Finally, NEIRG Wealth Management LLC increased its holdings in Atlassian by 6.9% in the 2nd quarter. NEIRG Wealth Management LLC now owns 1,154 shares of the technology company’s stock worth $216,000 after acquiring an additional 74 shares during the last quarter. 45.50% of the stock is owned by institutional investors.

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.

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