Atlassian Co. (NASDAQ:TEAM) CRO Cameron Deatsch Sells 2,416 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) CRO Cameron Deatsch sold 2,416 shares of Atlassian stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $186.29, for a total transaction of $450,076.64. Following the completion of the sale, the executive now directly owns 122,132 shares in the company, valued at approximately $22,751,970.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cameron Deatsch also recently made the following trade(s):

• On Tuesday, November 14th, Cameron Deatsch sold 2,508 shares of Atlassian stock. The stock was sold at an average price of $184.97, for a total transaction of $463,904.76.
• On Wednesday, November 1st, Cameron Deatsch sold 3,411 shares of Atlassian stock. The stock was sold at an average price of $178.17, for a total transaction of $607,737.87.
• On Wednesday, September 27th, Cameron Deatsch sold 3,411 shares of Atlassian stock. The stock was sold at an average price of $196.92, for a total transaction of $671,694.12.
• On Wednesday, September 20th, Cameron Deatsch sold 3,411 shares of Atlassian stock. The stock was sold at an average price of $204.14, for a total transaction of $696,321.54.
• On Wednesday, September 13th, Cameron Deatsch sold 3,411 shares of Atlassian stock. The shares were sold at an average price of $209.73, for a total transaction of $715,389.03.
• On Tuesday, August 29th, Cameron Deatsch sold 5,484 shares of Atlassian stock. The shares were sold at an average price of $197.28, for a total transaction of $1,081,883.52.
• On Monday, August 21st, Cameron Deatsch sold 4,441 shares of Atlassian stock. The shares were sold at an average price of $184.35, for a total transaction of $818,698.35.

Atlassian Price Performance

TEAM stock opened at $184.99 on Friday. Atlassian Co. has a one year low of $113.86 and a one year high of $215.77. The stock has a market cap of $47.74 billion, a PE ratio of -94.38 and a beta of 0.64. The firm has a 50 day simple moving average of $191.21 and a two-hundred day simple moving average of $179.95. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.43 and a quick ratio of 1.43.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently made changes to their positions in the business. OFI Invest Asset Management purchased a new stake in shares of Atlassian in the 3rd quarter valued at $26,000. Hall Laurie J Trustee purchased a new stake in shares of Atlassian in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. boosted its stake in shares of Atlassian by 151.5% in the 4th quarter. Meeder Asset Management Inc. now owns 244 shares of the technology company’s stock valued at $31,000 after purchasing an additional 147 shares in the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Atlassian in the 2nd quarter valued at $34,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Atlassian in the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 53.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Atlassian in a research report on Monday, October 2nd. They issued a “neutral” rating and a $225.00 price target on the stock. Oppenheimer boosted their price target on shares of Atlassian from $200.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Mizuho reaffirmed a “buy” rating and set a $240.00 target price on shares of Atlassian in a report on Tuesday, September 19th. Piper Sandler decreased their target price on shares of Atlassian from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, Citigroup upped 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average price target of $202.19.

Atlassian Company Profile

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.