Insider Selling: Atlassian Co. (NASDAQ:TEAM) CEO Sells 7,948 Shares of Stock

Atlassian Co. (NASDAQ:TEAMGet Free Report) CEO Scott Farquhar sold 7,948 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $186.48, for a total value of $1,482,143.04. Following the completion of the transaction, the chief executive officer now owns 476,880 shares of the company’s stock, valued at $88,928,582.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, July 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $182.62, for a total transaction of $1,451,463.76.
  • On Monday, July 1st, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were 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 shares were 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 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 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.

Atlassian Trading Down 2.0 %

NASDAQ TEAM opened at $174.45 on Thursday. Atlassian Co. has a one year low of $152.34 and a one year high of $258.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $45.41 billion, a price-to-earnings ratio of -276.90 and a beta of 0.74. The company’s 50-day simple moving average is $171.32 and its two-hundred day simple moving average is $198.70.

Atlassian (NASDAQ:TEAMGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.27. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm earned ($0.40) earnings per share. Equities analysts forecast that Atlassian Co. will post -0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TEAM. Mizuho lowered their price objective on Atlassian from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, April 26th. KeyCorp initiated coverage on shares of Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. Truist Financial reduced their target price on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $235.00 to $275.00 in a research note on Thursday, April 11th. Finally, Oppenheimer reduced their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. 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.com, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $226.94.

Get Our Latest Stock Report on Atlassian

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TEAM. Arkadios Wealth Advisors purchased a new position in Atlassian in the fourth quarter valued at about $202,000. Vanguard Group Inc. raised its stake in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after acquiring an additional 504,181 shares in the last quarter. American Century Companies Inc. lifted its position in Atlassian by 58.7% during the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company’s stock valued at $86,672,000 after acquiring an additional 159,102 shares during the last quarter. Diversified Trust Co boosted its stake in Atlassian by 27.6% in the first quarter. Diversified Trust Co now owns 14,036 shares of the technology company’s stock valued at $2,739,000 after acquiring an additional 3,035 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Atlassian in the fourth quarter worth $13,805,000. 93.03% of the stock is owned by institutional investors.

About Atlassian

(Get Free Report)

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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