Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,708,853.76 in Stock

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 8,241 shares of Atlassian stock in a transaction on Friday, April 12th. The shares were sold at an average price of $207.36, for a total value of $1,708,853.76. Following the transaction, the chief executive officer now owns 432,378 shares in the company, valued at approximately $89,657,902.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 28th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $194.67, for a total value of $1,604,275.47.
• On Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $192.73, for a total value of $1,588,287.93.
• On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.25, for a total value of $1,625,537.25.
• On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $214.32, for a total value of $1,766,211.12.
• On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $207.85, for a total value of $1,712,891.85.
• On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.79, for a total value of $1,687,674.39.
• On Tuesday, February 20th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.63, for a total value of $1,686,355.83.
• On Monday, February 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $218.32, for a total value of $1,799,175.12.
• On Wednesday, January 31st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $251.76, for a total value of $2,074,754.16.
• On Monday, January 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $253.53, for a total value of $2,089,340.73.

Atlassian Trading Up 0.1 %

Atlassian stock opened at $195.07 on Thursday. The business has a 50 day moving average price of $203.04 and a two-hundred day moving average price of $206.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The stock has a market cap of $50.60 billion, a price-to-earnings ratio of -130.92 and a beta of 0.63. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, equities analysts forecast that Atlassian Co. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Atlassian

Several large investors have recently modified their holdings of the stock. Founders Financial Securities LLC grew its stake in shares of Atlassian by 14.3% in the 1st quarter. Founders Financial Securities LLC now owns 2,099 shares of the technology company’s stock valued at $410,000 after purchasing an additional 263 shares during the period. First Bank & Trust bought a new stake in shares of Atlassian in the 1st quarter valued at approximately $1,727,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Atlassian in the 1st quarter valued at approximately $266,000. Opal Wealth Advisors LLC grew its stake in shares of Atlassian by 11.3% in the 1st quarter. Opal Wealth Advisors LLC now owns 1,383 shares of the technology company’s stock valued at $270,000 after purchasing an additional 140 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in shares of Atlassian by 60.0% in the 1st quarter. MJP Associates Inc. ADV now owns 2,063 shares of the technology company’s stock valued at $403,000 after purchasing an additional 774 shares during the period. 93.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on TEAM shares. Barclays upgraded Atlassian from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $235.00 to $275.00 in a research note on Thursday, April 11th. Wells Fargo & Company upped their price target on Atlassian from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. William Blair reiterated an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. Mizuho decreased their price target on Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Finally, StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.25.

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.