Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar Sells 7,948 Shares

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $182.62, for a total value of $1,451,463.76. Following the transaction, the chief executive officer now owns 484,828 shares of the company’s stock, valued at approximately $88,539,289.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Scott Farquhar also recently made the following trade(s):

• On Monday, July 1st, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $177.25, for a total transaction of $1,408,783.00.
• On Friday, June 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $176.05, for a total transaction of $1,399,245.40.
• On Thursday, June 20th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $156.59, for a total value of $1,244,577.32.
• On Tuesday, June 18th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $153.84, for a total value of $1,222,720.32.
• On Friday, June 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.61, for a total value of $1,292,424.28.
• On Monday, June 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $162.20, for a total value of $1,289,165.60.
• On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $157.52, for a total transaction of $1,298,122.32.
• On Thursday, May 30th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $161.00, for a total transaction of $1,326,801.00.
• On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $170.05, for a total transaction of $1,401,382.05.
• On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $181.34, for a total value of $1,494,422.94.

Atlassian Trading Down 0.0 %

NASDAQ TEAM traded down $0.02 during trading hours on Wednesday, hitting $182.26. 816,018 shares of the company’s stock were exchanged, compared to its average volume of 1,749,364. The firm has a market cap of $47.44 billion, a price-to-earnings ratio of -289.30 and a beta of 0.74. The stock has a 50-day simple moving average of $171.58 and a 200 day simple moving average of $200.80. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. Atlassian Co. has a 1-year low of $152.34 and a 1-year high of $258.69.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted ($0.40) EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities analysts forecast that Atlassian Co. will post -0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management increased its holdings in Atlassian by 383.9% during the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock worth $29,000 after buying an additional 119 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of Atlassian in the first quarter worth approximately $40,000. Crewe Advisors LLC bought a new stake in shares of Atlassian during the 1st quarter worth $43,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Atlassian by 271.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock worth $88,000 after purchasing an additional 271 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after buying an additional 291 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TEAM shares. Robert W. Baird dropped their target price on Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Wells Fargo & Company lowered their price target on shares of Atlassian from $285.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Piper Sandler upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $225.00 in a report on Tuesday. Finally, Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average target price of $226.94.

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.