Atlassian Co. (NASDAQ:TEAM – Get Free Report) insider Gene Liu sold 185 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $184.97, for a total transaction of $34,219.45. Following the transaction, the insider now owns 52,021 shares in the company, valued at $9,622,324.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Gene Liu also recently made the following trade(s):
- On Monday, August 21st, Gene Liu sold 276 shares of Atlassian stock. The shares were sold at an average price of $184.35, for a total transaction of $50,880.60.
Atlassian Stock Down 0.8 %
Shares of NASDAQ TEAM opened at $184.99 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.43 and a current ratio of 1.43. Atlassian Co. has a fifty-two week low of $113.86 and a fifty-two week high of $215.77. The firm’s 50-day simple moving average is $191.21 and its 200 day simple moving average is $179.95.
Institutional Investors Weigh In On Atlassian
Analyst Upgrades and Downgrades
Several research analysts recently commented on TEAM shares. Truist Financial cut their price target on shares of Atlassian from $200.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Wells Fargo & Company increased their price objective on shares of Atlassian from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Mizuho reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Atlassian in a research report on Tuesday, September 19th. StockNews.com raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Finally, Robert W. Baird increased their price objective on shares of Atlassian from $205.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.19.
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.
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