Key Points
- Scott Farquhar sold 7,665 shares on Dec. 12 at an average price of $162.11 for $1,242,573.15, leaving him with 91,980 shares (a 7.69% ownership reduction); he also executed ten other identical 7,665-share sales from Nov. 17–Dec. 10, totaling 84,315 shares sold.
- Atlassian (NASDAQ:TEAM) is trading around $159.17 with a 50-day/200-day moving average of $156.04/$174.95, a market cap of about $41.9B and a 52-week range of $139.70–$326, and analysts give it an average rating of Moderate Buy with a $240 average target.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Shona Brown sold 528 shares of the firm's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $163.00, for a total transaction of $86,064.00. Following the sale, the director owned 36,508 shares of the company's stock, valued at approximately $5,950,804. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Atlassian Trading Down 1.8%
Shares of TEAM stock opened at $159.17 on Tuesday. Atlassian Corporation PLC has a 12-month low of $139.70 and a 12-month high of $326.00. The firm has a 50 day moving average price of $156.04 and a two-hundred day moving average price of $174.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $41.88 billion, a PE ratio of -224.18, a price-to-earnings-growth ratio of 30.56 and a beta of 0.89.
Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period last year, the firm posted $0.77 EPS. The firm's revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Capco Asset Management LLC bought a new stake in shares of Atlassian in the 2nd quarter worth $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in Atlassian by 19,900.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock worth $32,000 after buying an additional 199 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Atlassian during the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 94.45% of the company's stock.
Wall Street Analyst Weigh In
TEAM has been the subject of several research reports. Canaccord Genuity Group reissued a "buy" rating and issued a $230.00 price objective on shares of Atlassian in a research note on Wednesday, October 22nd. TD Cowen decreased their price target on shares of Atlassian from $220.00 to $205.00 and set a "hold" rating for the company in a research note on Monday, October 27th. Robert W. Baird set a $230.00 target price on Atlassian in a report on Friday, October 31st. Sanford C. Bernstein upped their target price on shares of Atlassian from $290.00 to $304.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 18th. Finally, KeyCorp decreased their price target on Atlassian from $250.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $240.00.
Read Our Latest Stock Analysis on TEAM
Atlassian Company Profile
(
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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