Insider Selling: Atlassian Co. (NASDAQ:TEAM) CAO Sells 165 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 165 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $245.84, for a total value of $40,563.60. Following the sale, the chief accounting officer now owns 56,423 shares of the company’s stock, valued at $13,871,030.32. The trade was a 0.29 % decrease in their position. 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 stock was 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 value of $230,860.80.

Atlassian Trading Up 3.4 %

NASDAQ:TEAM opened at $253.91 on Friday. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $258.69. The stock has a market cap of $66.13 billion, a price-to-earnings ratio of -167.05 and a beta of 0.71. The business has a fifty day moving average of $192.77 and a 200-day moving average of $175.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TEAM. Asset Dedication LLC boosted its stake in Atlassian by 229.8% during the second quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Trust Co. of Vermont boosted its stake in Atlassian by 2,175.0% during the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC bought a new position in Atlassian during the second quarter valued at about $36,000. GAMMA Investing LLC boosted its stake in Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after buying an additional 96 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after buying an additional 231 shares in the last quarter. Institutional investors own 93.03% of the company’s stock.

Analyst Ratings Changes

TEAM has been the topic of several recent research reports. Scotiabank boosted their price target on Atlassian from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Canaccord Genuity Group upped their target price on Atlassian from $225.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on Atlassian from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. JMP Securities raised Atlassian to a “hold” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their price target on Atlassian from $177.00 to $255.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and a consensus price target of $244.21.

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.