Atlassian Co. (NASDAQ:TEAM) CAO Sells $40,563.60 in Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 165 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $245.84, for a total transaction of $40,563.60. Following the completion of the transaction, the chief accounting officer now directly owns 56,423 shares of the company’s stock, valued at approximately $13,871,030.32. The trade was a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Gene Liu also recently made the following trade(s):

• On Monday, November 11th, Gene Liu sold 785 shares of Atlassian stock. The shares were sold at an average price of $240.00, for a total value of $188,400.00.
• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The stock was sold at an average price of $230.00, for a total value of $102,350.00.
• On Friday, November 1st, Gene Liu sold 1,024 shares of Atlassian stock. The stock was sold at an average price of $225.45, for a total transaction of $230,860.80.

Atlassian Stock Performance

Atlassian stock opened at $260.58 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average price is $194.53 and its two-hundred day moving average price is $176.48. Atlassian Co. has a one year low of $135.29 and a one year high of $262.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. Atlassian’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Analysts anticipate that Atlassian Co. will post -0.56 EPS for the current year.

Institutional Trading of Atlassian

Several large investors have recently made changes to their positions in TEAM. SkyView Investment Advisors LLC lifted its stake in Atlassian by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company’s stock worth $656,000 after purchasing an additional 122 shares during the last quarter. Tri Ri Asset Management Corp bought a new stake in shares of Atlassian during the 3rd quarter worth $2,584,000. Virtu Financial LLC acquired a new stake in Atlassian in the third quarter valued at about $606,000. Arete Wealth Advisors LLC bought a new position in Atlassian in the third quarter valued at about $269,000. Finally, Toronto Dominion Bank lifted its holdings in shares of Atlassian by 33.6% in the third quarter. Toronto Dominion Bank now owns 23,034 shares of the technology company’s stock worth $3,658,000 after acquiring an additional 5,796 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TEAM shares. KeyCorp upgraded shares of Atlassian from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective for the company in a research note on Friday, November 1st. Oppenheimer boosted their price target on Atlassian from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised Atlassian from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Friday, August 2nd. Wells Fargo & Company increased their price target on shares of Atlassian from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on shares of Atlassian from $216.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.21.

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.