Atlassian (NASDAQ:TEAM) Director Sells $1,230,079.20 in Stock

Atlassian Corporation PLC (NASDAQ:TEAMGet Free Report) Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $160.48, for a total value of $1,230,079.20. Following the transaction, the director owned 130,305 shares in the company, valued at approximately $20,911,346.40. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, December 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.08, for a total value of $1,188,688.20.
  • On Friday, November 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $150.12, for a total value of $1,150,669.80.
  • On Wednesday, November 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $148.29, for a total value of $1,136,642.85.
  • On Monday, November 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $146.62, for a total value of $1,123,842.30.
  • On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $144.02, for a total transaction of $1,103,913.30.
  • On Wednesday, November 19th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $147.63, for a total transaction of $1,131,583.95.
  • On Monday, November 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.41, for a total transaction of $1,129,897.65.
  • On Thursday, November 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $153.77, for a total transaction of $1,178,647.05.
  • On Monday, November 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.00, for a total transaction of $1,211,070.00.
  • On Friday, November 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $155.58, for a total value of $1,192,520.70.

Atlassian Stock Up 0.9%

Shares of TEAM traded up $1.41 during midday trading on Monday, hitting $160.74. The stock had a trading volume of 2,009,411 shares, compared to its average volume of 2,508,335. The firm has a market cap of $42.29 billion, a price-to-earnings ratio of -226.39, a price-to-earnings-growth ratio of 30.05 and a beta of 0.89. The company has a 50 day simple moving average of $155.20 and a two-hundred day simple moving average of $176.93. Atlassian Corporation PLC has a twelve month low of $139.70 and a twelve month high of $326.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26.

Atlassian (NASDAQ:TEAMGet Free Report) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.Atlassian’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, analysts anticipate that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. One Wealth Advisors LLC increased its holdings in shares of Atlassian by 56.7% during the second quarter. One Wealth Advisors LLC now owns 4,436 shares of the technology company’s stock valued at $901,000 after acquiring an additional 1,606 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after purchasing an additional 22,701 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Atlassian by 3.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock valued at $52,458,000 after purchasing an additional 9,274 shares during the period. Machina Capital S.A.S. increased its stake in Atlassian by 203.0% during the 2nd quarter. Machina Capital S.A.S. now owns 9,376 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 6,282 shares in the last quarter. Finally, Nicholas Company Inc. increased its stake in Atlassian by 10.0% during the 2nd quarter. Nicholas Company Inc. now owns 227,789 shares of the technology company’s stock valued at $46,262,000 after purchasing an additional 20,635 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TEAM. Guggenheim initiated coverage on shares of Atlassian in a research report on Thursday, September 11th. They issued a “buy” rating and a $225.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Atlassian in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $216.00 price target on the stock. Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Truist Financial set a $210.00 price objective on Atlassian in a report on Friday, October 31st. Finally, BMO Capital Markets upped their target price on Atlassian from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and an average target price of $240.00.

View Our Latest Research Report on TEAM

Atlassian Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.