Atlassian Co. (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan Sells 445 Shares

Atlassian Co. (NASDAQ:TEAM) CTO Rajeev Bashyam Rajan sold 445 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $175.90, for a total transaction of $78,275.50. Following the completion of the sale, the chief technology officer now owns 130,525 shares of the company’s stock, valued at $22,959,347.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rajeev Bashyam Rajan also recently made the following trade(s):

• On Tuesday, May 14th, Rajeev Bashyam Rajan sold 1,360 shares of Atlassian stock. The shares were sold at an average price of $184.26, for a total value of $250,593.60.

Atlassian Trading Down 3.1 %

Shares of TEAM stock traded down $5.32 on Friday, reaching $168.86. 1,928,281 shares of the stock were exchanged, compared to its average volume of 1,716,420. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. Atlassian Co. has a one year low of $156.44 and a one year high of $258.69. The stock has a market cap of $43.95 billion, a PE ratio of -268.03 and a beta of 0.67. The stock has a 50 day moving average price of $189.37 and a 200 day moving average price of $205.55.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.27. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.40) EPS. Equities research analysts forecast that Atlassian Co. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MGO One Seven LLC bought a new stake in Atlassian in the third quarter valued at approximately $209,000. Signaturefd LLC grew its stake in Atlassian by 17.6% in the third quarter. Signaturefd LLC now owns 2,749 shares of the technology company’s stock valued at $554,000 after acquiring an additional 411 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of Atlassian in the third quarter worth about $204,000. Victory Capital Management Inc. raised its position in shares of Atlassian by 13.6% during the third quarter. Victory Capital Management Inc. now owns 126,643 shares of the technology company’s stock worth $25,520,000 after purchasing an additional 15,177 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of Atlassian by 677.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 125,318 shares of the technology company’s stock valued at $25,253,000 after purchasing an additional 109,189 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TEAM shares. UBS Group reduced their price target on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Robert W. Baird decreased their target price on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Mizuho reduced their price objective on Atlassian from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Citigroup lowered their price objective on Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Finally, TD Cowen reduced their target price on Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $223.22.

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.