Atlassian Co. (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan Sells 1,305 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 1,305 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $184.97, for a total value of $241,385.85. Following the sale, the chief technology officer now owns 149,311 shares in the company, valued at $27,618,055.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Rajeev Bashyam Rajan also recently made the following trade(s):

• On Wednesday, August 23rd, Rajeev Bashyam Rajan sold 2,214 shares of Atlassian stock. The stock was sold at an average price of $190.00, for a total transaction of $420,660.00.
• On Monday, August 21st, Rajeev Bashyam Rajan sold 3,114 shares of Atlassian stock. The stock was sold at an average price of $184.35, for a total transaction of $574,065.90.

Atlassian Stock Up 0.6 %

TEAM stock opened at $187.32 on Thursday. Atlassian Co. has a twelve month low of $113.86 and a twelve month high of $215.77. The company has a market cap of $48.34 billion, a price-to-earnings ratio of -95.57 and a beta of 0.64. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $192.00 and a two-hundred day moving average price of $179.85.

Analysts Set New Price Targets

Several brokerages have recently commented on TEAM. Morgan Stanley reiterated an “overweight” rating and set a $185.00 price target on shares of Atlassian in a research report on Friday, August 4th. Truist Financial dropped their price objective on Atlassian from $200.00 to $180.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Wells Fargo & Company upped their price target on Atlassian from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Finally, Citigroup increased their target price on shares of Atlassian from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.19.

Hedge Funds Weigh In On Atlassian

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Atlassian by 29.9% in the first quarter. Dimensional Fund Advisors LP now owns 201,552 shares of the technology company’s stock valued at $59,233,000 after purchasing an additional 46,418 shares during the last quarter. Cetera Investment Advisers lifted its position in Atlassian by 6.0% during the first quarter. Cetera Investment Advisers now owns 1,755 shares of the technology company’s stock worth $516,000 after acquiring an additional 100 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Atlassian by 7.9% during the first quarter. Baird Financial Group Inc. now owns 115,967 shares of the technology company’s stock worth $34,075,000 after acquiring an additional 8,491 shares during the period. Pearl River Capital LLC acquired a new position in shares of Atlassian in the first quarter valued at approximately $1,163,000. Finally, USS Investment Management Ltd bought a new position in shares of Atlassian during the first quarter worth approximately $6,015,000. Institutional investors and hedge funds own 53.36% of the company’s stock.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.