Gene Liu Sells 785 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 785 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $240.00, for a total value of $188,400.00. Following the completion of the sale, the chief accounting officer now owns 57,938 shares in the company, valued at approximately $13,905,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The shares were sold at an average price of $230.00, for a total value of $102,350.00.
• 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 value of $230,860.80.

Atlassian Stock Performance

NASDAQ TEAM opened at $252.78 on Thursday. 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 52-week low of $135.29 and a 52-week high of $258.69. The business’s 50-day moving average price is $184.61 and its 200 day moving average price is $173.61. The firm has a market cap of $65.83 billion, a P/E ratio of -166.30 and a beta of 0.71.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted ($0.07) earnings per share. The business’s revenue was up 21.5% on a year-over-year basis. On average, equities research analysts expect that Atlassian Co. will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently added to or reduced their stakes in the business. Blueshift Asset Management LLC purchased a new stake in Atlassian in the 3rd quarter valued at approximately $1,760,000. Townsquare Capital LLC boosted its holdings in Atlassian by 16.0% in the 3rd quarter. Townsquare Capital LLC now owns 1,338 shares of the technology company’s stock valued at $212,000 after purchasing an additional 185 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Atlassian in the 3rd quarter valued at approximately $178,000. Quantbot Technologies LP boosted its holdings in Atlassian by 277.0% in the 3rd quarter. Quantbot Technologies LP now owns 63,890 shares of the technology company’s stock valued at $10,146,000 after purchasing an additional 46,945 shares in the last quarter. Finally, FMR LLC boosted its holdings in Atlassian by 7.4% in the 3rd quarter. FMR LLC now owns 2,182,980 shares of the technology company’s stock valued at $346,679,000 after purchasing an additional 150,237 shares in the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JMP Securities upgraded Atlassian to a “hold” rating in a research note on Friday, August 2nd. Robert W. Baird raised their price target on Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Mizuho raised their price target on Atlassian from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Raymond James raised their price target on Atlassian from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Piper Sandler lifted their target price on Atlassian from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $243.16.

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.