Gene Liu Sells 165 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 165 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $245.84, for a total transaction of $40,563.60. Following the transaction, the chief accounting officer now owns 56,423 shares in the company, valued at $13,871,030.32. The trade was a 0.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, November 11th, Gene Liu sold 785 shares of Atlassian stock. The shares were sold at an average price of $240.00, for a total transaction of $188,400.00.
• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The stock was 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 Stock Performance

NASDAQ TEAM traded down $2.28 during trading on Wednesday, reaching $245.45. 1,515,555 shares of the company’s stock were exchanged, compared to its average volume of 1,868,356. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $63.92 billion, a P/E ratio of -162.98 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. The business has a 50 day moving average price of $191.18 and a 200-day moving average price of $175.45.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted ($0.07) EPS. The business’s revenue was up 21.5% compared to the same quarter last year. Sell-side analysts forecast that Atlassian Co. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho boosted their target price on Atlassian from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays cut their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Raymond James increased their price target on Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. UBS Group boosted their price target on Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird raised their target price on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.21.

Institutional Trading of Atlassian

Several institutional investors and hedge funds have recently modified their holdings of TEAM. Dragoneer Investment Group LLC bought a new stake in Atlassian during the 2nd quarter worth $469,803,000. Price T Rowe Associates Inc. MD raised its position in shares of Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after acquiring an additional 904,138 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Atlassian by 760.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock worth $110,972,000 after purchasing an additional 617,566 shares during the period. Two Sigma Advisers LP boosted its position in Atlassian by 122.0% during the third quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after acquiring an additional 551,500 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Atlassian during the 2nd quarter valued at about $91,072,000. 93.03% of the stock is currently owned by institutional investors.

About Atlassian

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.