Gene Liu Sells 568 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 568 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $312.08, for a total transaction of $177,261.44. Following the transaction, the chief accounting officer now directly owns 52,142 shares in the company, valued at approximately $16,272,475.36. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, January 31st, Gene Liu sold 779 shares of Atlassian stock. The stock was sold at an average price of $320.01, for a total transaction of $249,287.79.
• 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.

Atlassian Stock Performance

Shares of NASDAQ TEAM traded up $2.34 during trading on Tuesday, reaching $315.44. 2,265,744 shares of the company traded hands, compared to its average volume of 2,068,581. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00. The stock has a market capitalization of $82.65 billion, a PE ratio of -235.40 and a beta of 0.87. The firm has a 50 day simple moving average of $270.89 and a 200-day simple moving average of $219.37.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Equities research analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

A number of hedge funds have recently made changes to their positions in TEAM. Vise Technologies Inc. increased its stake in Atlassian by 40.9% in the 4th quarter. Vise Technologies Inc. now owns 1,784 shares of the technology company's stock worth $434,000 after acquiring an additional 518 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Atlassian by 19.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,681 shares of the technology company's stock valued at $27,181,000 after purchasing an additional 18,267 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Atlassian by 13.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,373,394 shares of the technology company's stock worth $334,257,000 after purchasing an additional 163,043 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Atlassian by 210.6% during the fourth quarter. Voloridge Investment Management LLC now owns 573,519 shares of the technology company's stock valued at $139,583,000 after purchasing an additional 388,870 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in Atlassian by 1.7% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 252,919 shares of the technology company's stock valued at $61,555,000 after purchasing an additional 4,308 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Atlassian from $315.00 to $370.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. StockNews.com cut shares of Atlassian from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. BMO Capital Markets upgraded shares of Atlassian from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $255.00 to $292.00 in a research note on Friday, January 10th. Cantor Fitzgerald boosted their price objective on shares of Atlassian from $264.00 to $304.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, KeyCorp raised their target price on shares of Atlassian from $315.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and a consensus target price of $319.71.

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.