Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,289,165.60 in Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Scott Farquhar sold 7,948 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $162.20, for a total value of $1,289,165.60. Following the completion of the sale, the chief executive officer now directly owns 103,324 shares of the company’s stock, valued at $16,759,152.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, June 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $162.61, for a total transaction of $1,292,424.28.
  • On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $157.52, for a total transaction of $1,298,122.32.
  • On Thursday, May 30th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $161.00, for a total transaction of $1,326,801.00.
  • On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $170.05, for a total value of $1,401,382.05.
  • On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $181.34, for a total value of $1,494,422.94.
  • On Friday, May 3rd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $183.51, for a total value of $1,512,305.91.
  • On Monday, April 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $177.14, for a total value of $1,459,810.74.
  • On Wednesday, April 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $199.71, for a total transaction of $1,645,810.11.
  • On Monday, April 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $193.35, for a total transaction of $1,593,397.35.
  • On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.36, for a total transaction of $1,708,853.76.

Atlassian Stock Down 0.7 %

Shares of TEAM opened at $162.17 on Tuesday. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of -257.41 and a beta of 0.73. Atlassian Co. has a 52 week low of $154.02 and a 52 week high of $258.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average price is $182.16 and its two-hundred day moving average price is $204.42.

Atlassian (NASDAQ:TEAMGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned ($0.40) earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. On average, analysts predict that Atlassian Co. will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management grew its holdings in Atlassian by 383.9% during the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock worth $29,000 after acquiring an additional 119 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Atlassian in the 1st quarter worth $40,000. Crewe Advisors LLC acquired a new stake in shares of Atlassian during the first quarter worth $43,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after purchasing an additional 271 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock valued at $96,000 after buying an additional 291 shares during the period. 93.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TEAM shares. Robert W. Baird lowered their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Citigroup lowered their price target on Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Canaccord Genuity Group reduced their target price on shares of Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Truist Financial lowered their target price on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Finally, TD Cowen reduced their price target on shares of Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $223.22.

Get Our Latest Stock Analysis on Atlassian

Atlassian Company Profile

(Get Free Report)

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

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