Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu Sells 1,024 Shares

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 1,024 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $230,860.80. Following the sale, the chief accounting officer now owns 59,168 shares in the company, valued at $13,339,425.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Atlassian Stock Performance

NASDAQ TEAM opened at $225.57 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $258.69. The stock has a 50-day moving average of $176.79 and a 200 day moving average of $171.90. The stock has a market capitalization of $58.65 billion, a price-to-earnings ratio of -148.40 and a beta of 0.71.

Atlassian (NASDAQ:TEAM) last announced its earnings results 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 firm 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 business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. Sell-side analysts anticipate that Atlassian Co. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Atlassian from $225.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Atlassian from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group upped their target price on Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Scotiabank lifted their price target on Atlassian from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Baird R W lowered Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $243.16.

Institutional Trading of Atlassian

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Atlassian by 123.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 61,856 shares of the technology company’s stock worth $12,069,000 after buying an additional 34,204 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Atlassian by 12.9% in the first quarter. Sequoia Financial Advisors LLC now owns 1,540 shares of the technology company’s stock valued at $300,000 after acquiring an additional 176 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Atlassian by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 26,168 shares of the technology company’s stock worth $5,106,000 after acquiring an additional 1,593 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Atlassian during the first quarter worth approximately $823,000. Finally, Daiwa Securities Group Inc. raised its stake in Atlassian by 0.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 19,544 shares of the technology company’s stock valued at $3,813,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

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.