Insider Selling: Atlassian Co. (NASDAQ:TEAM) CAO Sells 1,024 Shares of Stock

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 1,024 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $225.45, for a total transaction of $230,860.80. Following the completion of the sale, the chief accounting officer now directly owns 59,168 shares of the company's stock, valued at approximately $13,339,425.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Atlassian Stock Down 2.4 %

TEAM stock traded down $5.39 during midday trading on Monday, hitting $218.96. 3,568,008 shares of the company's stock were exchanged, compared to its average volume of 1,833,125. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $258.69. The firm has a 50 day moving average price of $173.30 and a 200-day moving average price of $171.13. The stock has a market capitalization of $56.94 billion, a price-to-earnings ratio of -144.05 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. Atlassian had a negative return on equity of 23.38% and a negative net margin of 8.59%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts anticipate that Atlassian Co. will post -0.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on TEAM shares. Robert W. Baird boosted their price target on shares of Atlassian from $175.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday. Barclays cut their price target on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Monday, August 5th. KeyCorp raised shares of Atlassian from a "sector weight" rating to an "overweight" rating and set a $260.00 price target for the company in a report on Friday. Oppenheimer boosted their price target on shares of Atlassian from $230.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday. Finally, StockNews.com cut shares of Atlassian from a "buy" rating to a "hold" rating in a research note on Friday, July 12th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $243.16.

Institutional Trading of Atlassian

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Asset Dedication LLC raised its position 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 during the period. Trust Co. of Vermont raised its position in Atlassian by 2,175.0% during the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock valued at $32,000 after buying an additional 174 shares during the period. Rothschild Investment LLC purchased a new position in Atlassian in the second quarter valued at about $36,000. Edmond DE Rothschild Holding S.A. purchased a new position in Atlassian in the first quarter valued at about $40,000. Finally, Crewe Advisors LLC purchased a new position in Atlassian in the first quarter valued at about $43,000. Institutional investors own 93.03% of the company's stock.

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.

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