Atlassian Co. (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $185.61, for a total transaction of $1,475,228.28. Following the transaction, the director now directly owns 333,816 shares in the company, valued at $61,959,587.76. The trade was a 2.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Scott Farquhar also recently made the following trade(s):
- On Wednesday, March 26th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $229.64, for a total value of $1,825,178.72.
- On Monday, March 24th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $234.38, for a total transaction of $1,862,852.24.
- On Monday, March 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $218.05, for a total transaction of $1,733,061.40.
- On Friday, February 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $278.61, for a total transaction of $2,214,392.28.
- On Wednesday, February 26th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $289.77, for a total value of $2,303,091.96.
- On Monday, February 24th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $283.26, for a total value of $2,251,350.48.
- On Friday, February 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $315.69, for a total transaction of $2,509,104.12.
- On Friday, January 31st, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $308.86, for a total transaction of $2,454,819.28.
- On Wednesday, January 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $270.63, for a total value of $2,150,967.24.
- On Tuesday, January 21st, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $255.71, for a total transaction of $2,032,383.08.
Atlassian Trading Up 0.2 %
Shares of Atlassian stock traded up $0.34 during trading on Friday, reaching $198.37. The company's stock had a trading volume of 2,003,551 shares, compared to its average volume of 2,041,722. The company has a market cap of $51.97 billion, a price-to-earnings ratio of -148.04 and a beta of 1.07. The firm's 50-day moving average is $251.13 and its two-hundred day moving average is $241.25. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, sell-side analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have commented on TEAM shares. Stephens started coverage on shares of Atlassian in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $255.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating for the company in a report on Monday, April 7th. KeyCorp cut their target price on Atlassian from $365.00 to $275.00 and set an "overweight" rating on the stock in a report on Thursday. Citigroup increased their price target on Atlassian from $255.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, Morgan Stanley lifted their price objective on Atlassian from $315.00 to $370.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.50.
View Our Latest Stock Report on TEAM
Institutional Trading of Atlassian
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new stake in Atlassian during the 4th quarter valued at $27,000. Colonial Trust Co SC raised its stake in shares of Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after acquiring an additional 69 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Atlassian during the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Atlassian in the fourth quarter worth about $39,000. Finally, Avion Wealth increased its holdings in Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company's stock valued at $41,000 after purchasing an additional 157 shares during the period. Institutional investors own 94.45% of the company's stock.
Atlassian Company Profile
(
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.
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