Scott Farquhar Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Posted by Jeff Wilder on May 6th, 2024

Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $183.51, for a total value of $1,512,305.91. Following the sale, the chief executive officer now owns 308,763 shares in the company, valued at approximately $56,661,098.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

On Monday, April 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $177.14, for a total transaction 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 value of $1,593,397.35.
On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $207.36, for a total transaction of $1,708,853.76.
On Thursday, March 28th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $194.67, for a total value of $1,604,275.47.
On Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.73, for a total value of $1,588,287.93.
On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.25, for a total value of $1,625,537.25.
On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $214.32, for a total value of $1,766,211.12.
On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $207.85, for a total transaction of $1,712,891.85.
On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.79, for a total value of $1,687,674.39.

Atlassian Stock Down 1.0 %

NASDAQ:TEAM traded down $1.75 on Monday, hitting $181.77. The stock had a trading volume of 1,468,305 shares, compared to its average volume of 1,768,715. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69. The firm’s fifty day simple moving average is $197.23 and its two-hundred day simple moving average is $206.07. The stock has a market cap of $47.31 billion, a P/E ratio of -289.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. Atlassian’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the business posted ($0.40) earnings per share. Analysts predict that Atlassian Co. will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mediolanum International Funds Ltd bought a new position in shares of Atlassian during the 1st quarter worth $1,394,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Atlassian by 4.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,540 shares of the technology company’s stock valued at $886,000 after buying an additional 179 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Atlassian in the first quarter worth about $442,000. Whittier Trust Co. increased its holdings in Atlassian by 15,200.0% during the 1st quarter. Whittier Trust Co. now owns 765 shares of the technology company’s stock worth $149,000 after acquiring an additional 760 shares during the period. Finally, Financial Counselors Inc. lifted its stake in Atlassian by 10.5% in the 1st quarter. Financial Counselors Inc. now owns 13,283 shares of the technology company’s stock worth $2,592,000 after purchasing an additional 1,263 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TEAM. Mizuho dropped their price target on Atlassian from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Robert W. Baird reduced their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Citigroup cut their price target on Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Truist Financial dropped their price objective on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, KeyCorp assumed coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $223.22.

View Our Latest Report 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.