Joseph Leo Binz Sells 931 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CFO Joseph Leo Binz sold 931 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $184.26, for a total value of $171,546.06. Following the sale, the chief financial officer now directly owns 99,136 shares of the company’s stock, valued at $18,266,799.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Joseph Leo Binz also recently made the following trade(s):

• On Tuesday, February 20th, Joseph Leo Binz sold 1,380 shares of Atlassian stock. The stock was sold at an average price of $204.40, for a total value of $282,072.00.

Atlassian Stock Performance

TEAM stock traded down $0.83 during midday trading on Thursday, reaching $183.38. 708,065 shares of the company were exchanged, compared to its average volume of 1,710,374. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average price of $193.61 and a two-hundred day moving average price of $205.80. Atlassian Co. has a one year low of $137.13 and a one year high of $258.69. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of -292.40 and a beta of 0.67.

Atlassian (NASDAQ:TEAM) last released 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 net margin of 3.90% and a negative return on equity of 13.95%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted ($0.40) earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. Equities research analysts forecast that Atlassian Co. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TEAM. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $235.00 to $275.00 in a research report on Thursday, April 11th. UBS Group lowered their price objective on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Citigroup lowered their price objective on shares of Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.22.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in shares of Atlassian in the third quarter valued at about $26,000. Hollencrest Capital Management boosted its position in shares of Atlassian by 383.9% in the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock valued at $29,000 after acquiring an additional 119 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Atlassian in the first quarter valued at about $40,000. Crewe Advisors LLC bought a new stake in shares of Atlassian in the first quarter valued at about $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of 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 acquiring an additional 271 shares during the period. 93.03% of the stock is owned by institutional investors.

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.