Atlassian Co. (NASDAQ:TEAM) CAO Sells $249,287.79 in Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 779 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $320.01, for a total transaction of $249,287.79. Following the transaction, the chief accounting officer now directly owns 52,710 shares in the company, valued at $16,867,727.10. This trade represents a 1.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, November 19th, Gene Liu sold 165 shares of Atlassian stock. The stock was sold at an average price of $245.84, for a total value of $40,563.60.
• 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 value 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 value of $102,350.00.

Atlassian Stock Performance

NASDAQ TEAM opened at $320.80 on Thursday. The company’s 50 day simple moving average is $263.77 and its two-hundred day simple moving average is $211.16. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $324.37. The stock has a market capitalization of $83.55 billion, a PE ratio of -239.40 and a beta of 0.87.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 18.00% and a negative net margin of 7.22%. Analysts predict that Atlassian Co. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Atlassian in the third quarter worth approximately $606,000. Sequoia Financial Advisors LLC boosted its stake in shares of Atlassian by 37.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock valued at $306,000 after purchasing an additional 520 shares in the last quarter. Fulton Bank N.A. bought a new position in shares of Atlassian during the 4th quarter valued at $447,000. Paloma Partners Management Co purchased a new position in Atlassian in the 3rd quarter worth $1,588,000. Finally, Impax Asset Management Group plc lifted its stake in Atlassian by 590.6% in the third quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company’s stock worth $5,940,000 after purchasing an additional 31,986 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEAM. UBS Group boosted their price target on shares of Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Canaccord Genuity Group upped their target price on shares of Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Citigroup raised their price target on shares of Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Piper Sandler boosted their price objective on Atlassian from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, KeyCorp raised their target price on Atlassian from $315.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $318.43.

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.