Atlassian Co. (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 445 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.00, for a total transaction of $102,350.00. Following the sale, the chief accounting officer now owns 58,723 shares of the company's stock, valued at $13,506,290. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.
Gene Liu also recently made the following trade(s):
- 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
TEAM traded up $3.84 on Friday, hitting $237.80. The company's stock had a trading volume of 2,514,459 shares, compared to its average volume of 1,848,136. The company's 50 day simple moving average is $179.57 and its 200-day simple moving average is $172.44. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $258.69. The firm has a market cap of $61.93 billion, a P/E ratio of -156.45 and a beta of 0.71.
Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Analysts forecast that Atlassian Co. will post -0.58 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TEAM. Asset Dedication LLC grew its holdings in shares of Atlassian by 229.8% during the second quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock worth $27,000 after purchasing an additional 108 shares in the last quarter. Trust Co. of Vermont grew its stake in Atlassian by 2,175.0% in the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock worth $32,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Atlassian in the 2nd quarter worth $36,000. GAMMA Investing LLC raised its position in shares of Atlassian by 68.6% during the 3rd quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock valued at $37,000 after buying an additional 96 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Atlassian during the 1st quarter worth $40,000. 93.03% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. JMP Securities upgraded Atlassian to a "hold" rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on Atlassian from $177.00 to $255.00 and gave the company a "market perform" rating in a research note on Friday, November 1st. Piper Sandler upped their target price on shares of Atlassian from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Oppenheimer increased their target price on shares of Atlassian from $230.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Baird R W cut shares of Atlassian from a "strong-buy" rating to a "hold" rating in a report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Atlassian has a consensus rating of "Moderate Buy" and a consensus price target of $243.16.
Get Our Latest Report on Atlassian
About Atlassian
(
Get Free Report)
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.
Featured Articles
Before you consider Atlassian, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlassian wasn't on the list.
While Atlassian currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
