Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Scott Farquhar sold 8,241 shares of the company's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $199.71, for a total transaction of $1,645,810.11. Following the transaction, the chief executive officer now owns 366,450 shares in the company, valued at $73,183,729.50. 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 Monday, April 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $193.35, for a total transaction of $1,593,397.35.
- On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were 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 shares were sold at an average price of $194.67, for a total value of $1,604,275.47.
- On Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.73, for a total value 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 value of $1,625,537.25.
- On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $214.32, for a total value 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 value of $1,712,891.85.
- On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was 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 stock was 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 stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12.
Atlassian Stock Down 0.3 %
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TEAM opened at $198.41 on Friday. Atlassian Co. has a fifty-two week low of $128.02 and a fifty-two week high of $258.69. The company's 50 day moving average price is $200.55 and its two-hundred day moving average price is $206.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, sell-side analysts anticipate that Atlassian Co. will post -0.4 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. OFI Invest Asset Management purchased a new position in Atlassian during the third quarter worth about $26,000. Carmel Capital Partners LLC boosted its stake in Atlassian by 28.5% in the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock valued at $52,000 after acquiring an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock valued at $88,000 after buying an additional 271 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company's stock worth $96,000 after purchasing an additional 291 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Atlassian in the fourth quarter worth $107,000. Institutional investors own 93.03% of the company's stock.
Analyst Ratings Changes
TEAM has been the topic of several research analyst reports. Mizuho dropped their price objective on Atlassian from $265.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, April 15th. William Blair reiterated an "outperform" rating on shares of Atlassian in a report on Friday, February 2nd. StockNews.com cut Atlassian from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. KeyCorp initiated coverage on shares of Atlassian in a research note on Tuesday, March 19th. They issued a "sector weight" rating on the stock. Finally, Citigroup lowered their price objective on shares of Atlassian from $280.00 to $265.00 and set a "buy" rating for the company in a research report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $224.25.
View Our Latest Stock 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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