Atlassian Co. (NASDAQ:TEAM – Get Free Report) CEO Scott Farquhar sold 8,241 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $199.71, for a total value of $1,645,810.11. Following the completion of the sale, the chief executive officer now owns 366,450 shares in the company, valued at $73,183,729.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Scott Farquhar also recently made the following trade(s):
- On Monday, April 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $193.35, for a total value of $1,593,397.35.
- On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.36, for a total value of $1,708,853.76.
- On Thursday, March 28th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $194.67, for a total transaction 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 transaction of $1,588,287.93.
- On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.25, for a total transaction 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 stock was 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 stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12.
Atlassian Stock Down 9.6 %
Shares of TEAM opened at $179.45 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69. The firm’s 50 day moving average is $199.98 and its 200-day moving average is $206.53. The stock has a market capitalization of $46.55 billion, a PE ratio of -120.44 and a beta of 0.63.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of TEAM. OFI Invest Asset Management acquired a new position in shares of Atlassian during the third quarter worth $26,000. Carmel Capital Partners LLC increased its holdings in Atlassian by 28.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock worth $52,000 after purchasing an additional 57 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after purchasing an additional 271 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Atlassian by 255.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after purchasing an additional 291 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Atlassian during the fourth quarter worth about $107,000. Institutional investors own 93.03% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Truist Financial decreased their price objective on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a research report on Friday. Canaccord Genuity Group dropped their price objective on Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp initiated coverage on Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Atlassian presently has an average rating of “Hold” and an average target price of $223.22.
Get Our Latest Stock Analysis on TEAM
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.
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