Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu Sells 785 Shares

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 785 shares of Atlassian stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $240.00, for a total transaction of $188,400.00. Following the sale, the chief accounting officer now owns 57,938 shares of the company’s stock, valued at approximately $13,905,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Gene Liu also recently made the following trade(s):

• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The shares were sold at an average price of $230.00, for a total transaction of $102,350.00.
• On Friday, November 1st, Gene Liu sold 1,024 shares of Atlassian stock. The shares were sold at an average price of $225.45, for a total transaction of $230,860.80.

Atlassian Trading Up 3.1 %

Shares of TEAM opened at $252.78 on Thursday. The stock has a fifty day moving average of $184.61 and a two-hundred day moving average of $173.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $65.83 billion, a PE ratio of -166.30 and a beta of 0.71. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned ($0.07) EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, analysts forecast that Atlassian Co. will post -0.56 EPS for the current year.

Institutional Trading of Atlassian

Several institutional investors have recently made changes to their positions in the stock. Blueshift Asset Management LLC purchased a new stake in shares of Atlassian during the 3rd quarter valued at $1,760,000. Townsquare Capital LLC grew its stake in shares of Atlassian by 16.0% during the 3rd quarter. Townsquare Capital LLC now owns 1,338 shares of the technology company’s stock valued at $212,000 after buying an additional 185 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Atlassian during the 3rd quarter valued at $178,000. Quantbot Technologies LP grew its stake in shares of Atlassian by 277.0% during the 3rd quarter. Quantbot Technologies LP now owns 63,890 shares of the technology company’s stock valued at $10,146,000 after buying an additional 46,945 shares during the period. Finally, FMR LLC grew its stake in shares of Atlassian by 7.4% during the 3rd quarter. FMR LLC now owns 2,182,980 shares of the technology company’s stock valued at $346,679,000 after buying an additional 150,237 shares during the period. 93.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial lifted their price target on shares of Atlassian from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Atlassian from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays reduced their price target on shares of Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Raymond James lifted their price objective on Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group lifted their price objective on Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.16.

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.