Key Points
- Director Scott Farquhar sold 7,665 shares on Dec. 17 at an average price of $163.16 for $1,250,621.40, leaving him with 68,985 shares (a reported 10% reduction) valued at about $11.26 million.
- This Dec. 17 sale was part of a string of identical blocks sold between Nov. 21 and Dec. 17 — 11 trades totalling 84,315 shares and roughly $13.1 million in proceeds.
- For context, Atlassian (TEAM) trades near $165 with a market cap around $43.4 billion, a consensus analyst rating of "Moderate Buy" and an average target price of $239.23.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the business's stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $163.16, for a total transaction of $1,250,621.40. Following the transaction, the director directly owned 68,985 shares of the company's stock, valued at approximately $11,255,592.60. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Scott Farquhar also recently made the following trade(s):
- On Monday, December 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $158.92, for a total transaction of $1,218,121.80.
- On Friday, December 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $162.11, for a total value of $1,242,573.15.
- On Wednesday, December 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $161.79, for a total value of $1,240,120.35.
- On Monday, December 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $160.70, for a total value of $1,231,765.50.
- On Friday, December 5th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.48, for a total value of $1,230,079.20.
- On Wednesday, December 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $155.08, for a total transaction of $1,188,688.20.
- On Friday, November 28th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.12, for a total transaction of $1,150,669.80.
- On Wednesday, November 26th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $148.29, for a total transaction of $1,136,642.85.
- On Monday, November 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $146.62, for a total transaction of $1,123,842.30.
- On Friday, November 21st, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $144.02, for a total value of $1,103,913.30.
Atlassian Stock Performance
TEAM opened at $165.00 on Friday. The business has a 50 day moving average price of $156.82 and a two-hundred day moving average price of $174.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $43.41 billion, a price-to-earnings ratio of -232.39, a price-to-earnings-growth ratio of 30.55 and a beta of 0.89. Atlassian Corporation PLC has a 1-year low of $139.70 and a 1-year high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, beating 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 analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The company's revenue was up 20.6% on a year-over-year basis. Research analysts predict that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently commented on TEAM shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $230.00 target price on shares of Atlassian in a report on Wednesday, October 22nd. Zacks Research raised Atlassian from a "strong sell" rating to a "hold" rating in a report on Monday, November 3rd. Weiss Ratings reissued a "sell (e+)" rating on shares of Atlassian in a research note on Wednesday, October 8th. Citigroup restated a "buy" rating on shares of Atlassian in a report on Wednesday, October 22nd. Finally, Cowen reaffirmed a "hold" rating on shares of Atlassian in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $239.23.
Check Out Our Latest Report on Atlassian
Institutional Trading of Atlassian
A number of hedge funds have recently made changes to their positions in TEAM. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Atlassian by 60.4% during the 3rd 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 period. Geneos Wealth Management Inc. grew its holdings in shares of Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock valued at $42,000 after acquiring an additional 161 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company's stock worth $32,000 after acquiring an additional 199 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after acquiring an additional 47 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
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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