Scott Farquhar Sells 7,948 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.25, for a total transaction of $1,408,783.00. Following the transaction, the chief executive officer now owns 500,724 shares of the company’s stock, valued at approximately $88,753,329. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, July 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $182.62, for a total transaction of $1,451,463.76.
• On Friday, June 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $176.05, for a total value of $1,399,245.40.
• On Thursday, June 20th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $156.59, for a total value of $1,244,577.32.
• On Tuesday, June 18th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $153.84, for a total value of $1,222,720.32.
• On Friday, June 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.61, for a total value of $1,292,424.28.
• On Monday, June 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $162.20, for a total transaction of $1,289,165.60.
• On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $157.52, for a total transaction of $1,298,122.32.
• On Thursday, May 30th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $161.00, for a total transaction of $1,326,801.00.
• On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $170.05, for a total transaction of $1,401,382.05.
• On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $181.34, for a total value of $1,494,422.94.

Atlassian Stock Down 0.0 %

Atlassian stock opened at $182.26 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $47.44 billion, a PE ratio of -289.30 and a beta of 0.74. The business has a 50 day simple moving average of $171.25 and a 200-day simple moving average of $200.67. Atlassian Co. has a 12 month low of $152.34 and a 12 month high of $258.69.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results 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. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned ($0.40) EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts anticipate that Atlassian Co. will post -0.21 EPS for the current fiscal year.

Institutional Trading of Atlassian

Institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management lifted its holdings in Atlassian by 383.9% in the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock valued at $29,000 after purchasing an additional 119 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Atlassian in the first quarter worth about $40,000. Crewe Advisors LLC acquired a new position in Atlassian during the first quarter worth about $43,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Atlassian by 271.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after acquiring an additional 271 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Atlassian by 255.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock valued at $96,000 after acquiring an additional 291 shares during the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEAM has been the topic of a number of research reports. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $235.00 to $275.00 in a report on Thursday, April 11th. TD Cowen reduced their price target on shares of Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Truist Financial dropped their price objective on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Piper Sandler raised shares of Atlassian from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $200.00 to $225.00 in a report on Tuesday. Finally, Oppenheimer decreased their target price on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $226.94.

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.