Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,399,245.40 in Stock

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction on Friday, June 28th. The shares were sold at an average price of $176.05, for a total transaction of $1,399,245.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $1,289,165.60.
• On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were 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 shares were 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 stock was sold at an average price of $170.05, for a total value of $1,401,382.05.
• On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $181.34, for a total value of $1,494,422.94.
• On Friday, May 3rd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $183.51, for a total value of $1,512,305.91.
• On Monday, April 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $177.14, for a total transaction of $1,459,810.74.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $176.88 on Monday. Atlassian Co. has a 12-month low of $152.34 and a 12-month high of $258.69. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The company has a market cap of $46.04 billion, a PE ratio of -280.76 and a beta of 0.73. The stock has a 50 day simple moving average of $172.25 and a 200-day simple moving average of $201.44.

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

Hedge Funds Weigh In On Atlassian

Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of Atlassian by 8.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 26,612 shares of the technology company’s stock valued at $5,117,000 after acquiring an additional 2,020 shares in the last quarter. Cetera Advisors LLC boosted its stake in Atlassian by 202.8% during the 1st quarter. Cetera Advisors LLC now owns 13,235 shares of the technology company’s stock valued at $2,582,000 after purchasing an additional 8,864 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Atlassian by 167.1% during the 1st quarter. Cetera Investment Advisers now owns 43,975 shares of the technology company’s stock valued at $8,580,000 after purchasing an additional 27,514 shares during the period. PGGM Investments bought a new stake in shares of Atlassian in the 1st quarter worth $364,000. Finally, Burney Co. acquired a new stake in shares of Atlassian in the first quarter valued at $1,095,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analyst Ratings Changes

TEAM has been the subject of several research analyst reports. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $235.00 to $275.00 in a research report on Thursday, April 11th. StockNews.com upgraded Atlassian from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Robert W. Baird dropped their price target on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Oppenheimer decreased their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, KeyCorp began coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $225.47.

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.