Key Points
- Atlassian CRO Brian Duffy sold shares again, disposing of 1,432 shares on June 11 at an average price of $88.79 for about $127,147. He still held 230,691 shares afterward, and the filing shows a small 0.62% reduction in his position.
- Duffy has been actively trimming his stake with multiple sales in early to mid-June, including 3,000 shares on June 12 and several other transactions over the prior week.
- Atlassian’s latest fundamentals and analyst sentiment remain mixed but generally positive: the company beat quarterly EPS and revenue estimates, while Wall Street’s consensus rating is “Moderate Buy” with an average target price of $145.63.
Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CRO Brian Duffy sold 1,432 shares of Atlassian stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $88.79, for a total transaction of $127,147.28. Following the completion of the sale, the executive owned 230,691 shares of the company's stock, valued at approximately $20,483,053.89. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Brian Duffy also recently made the following trade(s):
- On Friday, June 12th, Brian Duffy sold 3,000 shares of Atlassian stock. The stock was sold at an average price of $89.71, for a total transaction of $269,130.00.
- On Wednesday, June 10th, Brian Duffy sold 1,813 shares of Atlassian stock. The stock was sold at an average price of $92.79, for a total transaction of $168,228.27.
- On Tuesday, June 9th, Brian Duffy sold 1,454 shares of Atlassian stock. The stock was sold at an average price of $95.35, for a total transaction of $138,638.90.
- On Monday, June 8th, Brian Duffy sold 1,451 shares of Atlassian stock. The stock was sold at an average price of $98.03, for a total transaction of $142,241.53.
- On Tuesday, May 19th, Brian Duffy sold 1,986 shares of Atlassian stock. The stock was sold at an average price of $87.75, for a total transaction of $174,271.50.
Atlassian Stock Down 0.8%
Shares of NASDAQ:TEAM opened at $88.52 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $81.45 and a 200 day simple moving average of $104.57. The firm has a market cap of $22.46 billion, a PE ratio of -106.65, a price-to-earnings-growth ratio of 5.06 and a beta of 1.07. Atlassian Corporation PLC has a 12-month low of $56.01 and a 12-month high of $222.59.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.42. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. On average, equities research analysts anticipate that Atlassian Corporation PLC will post 0.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Atlassian from $200.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, May 1st. Truist Financial boosted their target price on shares of Atlassian from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Mizuho lowered their target price on shares of Atlassian from $185.00 to $145.00 and set an "outperform" rating for the company in a research note on Tuesday, April 14th. Barclays boosted their target price on shares of Atlassian from $106.00 to $112.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $295.00 target price on shares of Atlassian in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and an average target price of $145.63.
Check Out Our Latest Stock Report on TEAM
Hedge Funds Weigh In On Atlassian
Several institutional investors have recently modified their holdings of TEAM. MV Capital Management Inc. bought a new position in shares of Atlassian during the fourth quarter worth about $25,000. Western Wealth Management LLC bought a new position in shares of Atlassian during the first quarter worth about $30,000. State of Wyoming grew its position in shares of Atlassian by 65.7% during the first quarter. State of Wyoming now owns 449 shares of the technology company's stock worth $31,000 after acquiring an additional 178 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Atlassian during the fourth quarter worth about $32,000. Finally, Basepoint Wealth LLC bought a new position in shares of Atlassian during the fourth quarter worth about $32,000. Institutional investors own 94.45% of the company's stock.
About Atlassian
(
Get Free Report)
Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.
Atlassian's product portfolio centers on tools designed to help teams plan, build and support software and business processes.
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