Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Scott Farquhar sold 8,241 shares of the business's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $193.35, for a total transaction of $1,593,397.35. Following the completion of the transaction, the chief executive officer now owns 382,932 shares of the company's stock, valued at approximately $74,039,902.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.36, for a total transaction of $1,708,853.76.
- On Thursday, March 28th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $194.67, for a total transaction of $1,604,275.47.
- On Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $192.73, for a total transaction of $1,588,287.93.
- On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.25, for a total transaction of $1,625,537.25.
- On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $214.32, for a total transaction of $1,766,211.12.
- On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $207.85, for a total transaction of $1,712,891.85.
- On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.79, for a total transaction of $1,687,674.39.
- On Tuesday, February 20th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.63, for a total transaction of $1,686,355.83.
- On Monday, February 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $218.32, for a total transaction of $1,799,175.12.
- On Wednesday, January 31st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $251.76, for a total transaction of $2,074,754.16.
Atlassian Price Performance
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Shares of NASDAQ TEAM opened at $199.44 on Wednesday. The company has a fifty day moving average price of $201.18 and a 200 day moving average price of $206.81. Atlassian Co. has a 1-year low of $128.02 and a 1-year high of $258.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The firm has a market cap of $51.74 billion, a PE ratio of -133.85 and a beta of 0.63.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.24). Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Research analysts predict that Atlassian Co. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Atlassian
A number of large investors have recently modified their holdings of TEAM. Baillie Gifford & Co. boosted its stake in shares of Atlassian by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company's stock worth $2,094,980,000 after buying an additional 1,511,318 shares during the last quarter. Morgan Stanley boosted its stake in shares of Atlassian by 156.8% during the 3rd quarter. Morgan Stanley now owns 1,793,700 shares of the technology company's stock worth $361,449,000 after buying an additional 1,095,297 shares during the last quarter. Norges Bank acquired a new position in shares of Atlassian during the 4th quarter worth about $247,740,000. Vanguard Group Inc. boosted its stake in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company's stock worth $3,652,495,000 after buying an additional 504,181 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Atlassian by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,237,507 shares of the technology company's stock worth $2,435,095,000 after buying an additional 326,673 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Truist Financial upped their price objective on shares of Atlassian from $180.00 to $220.00 and gave the company a "hold" rating in a research report on Tuesday, January 16th. The Goldman Sachs Group upped their price objective on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. UBS Group lowered their price objective on shares of Atlassian from $260.00 to $250.00 and set a "neutral" rating for the company in a research report on Friday, February 2nd. Mizuho lowered their price objective on shares of Atlassian from $265.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company upped their price objective on shares of Atlassian from $275.00 to $285.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $224.25.
Check Out Our Latest Report on Atlassian
About Atlassian
(
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.
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