Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 737 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $165.00, for a total transaction of $121,605.00. Following the sale, the chief accounting officer owned 58,747 shares of the company's stock, valued at $9,693,255. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Gene Liu also recently made the following trade(s):
- On Friday, August 14th, Gene Liu sold 815 shares of Atlassian stock. The shares were sold at an average price of $163.00, for a total value of $132,845.00.
- On Tuesday, May 19th, Gene Liu sold 67 shares of Atlassian stock. The shares were sold at an average price of $87.71, for a total value of $5,876.57.
Atlassian Stock Performance
TEAM opened at $158.34 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The firm has a market cap of $40.18 billion, a PE ratio of -833.37, a P/E/G ratio of 18.33 and a beta of 1.05. The business has a fifty day simple moving average of $99.46 and a 200-day simple moving average of $87.93. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $184.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.37. Atlassian had a positive return on equity of 20.07% and a negative net margin of 0.82%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Atlassian's revenue for the quarter was up 27.6% compared to the same quarter last year. As a group, equities analysts predict that Atlassian Corporation PLC will post 0.65 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of Atlassian in a research note on Friday, August 7th. FBN Securities restated an "outperform" rating and set a $170.00 price target on shares of Atlassian in a report on Monday, August 10th. Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a research report on Friday, July 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $126.00 price objective on shares of Atlassian in a research note on Monday, August 3rd. Finally, KeyCorp lifted their price objective on shares of Atlassian from $115.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.27.
View Our Latest Stock Report on Atlassian
Trending Headlines about Atlassian
Here are the key news stories impacting Atlassian this week:
- Positive Sentiment: Atlassian and Cloudflare are being cited as companies pushing back against the “SaaSpocalypse”—market concerns that AI disruption and weaker corporate IT spending will damage enterprise-software demand. The article suggests Atlassian’s business remains more resilient than the recent selloff in software stocks implies. SaaSpocalypse Defied: Atlassian and Cloudflare Push Back Against Enterprise Tech Fears
- Neutral Sentiment: Chief Accounting Officer Gene Liu sold a combined 1,552 shares for approximately $254,450, while Chief Revenue Officer Brian Duffy sold 7,617 shares for about $1.24 million. The filings state that all sales were made to cover tax-withholding obligations tied to vested equity awards, reducing their ownership modestly but offering limited evidence of a discretionary bearish view. Atlassian insider sale filing Brian Duffy insider sale filing
- Negative Sentiment: A comparison with Salesforce favors Salesforce over Atlassian, citing stronger AI momentum, a better earnings outlook and a lower valuation. The analysis could pressure TEAM by reinforcing concerns that its premium valuation leaves less room for execution missteps as investors increase spending on AI. Atlassian vs. Salesforce: Which Cloud Software Stock Has an Edge?
Hedge Funds Weigh In On Atlassian
Institutional investors and hedge funds have recently bought and sold shares of the business. MV Capital Management Inc. acquired a new position in shares of Atlassian in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after purchasing an additional 161 shares during the period. Basepoint Wealth LLC purchased a new position in Atlassian during the fourth quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC purchased a new position in Atlassian during the fourth quarter valued at approximately $32,000. Finally, Bogart Wealth LLC increased its stake in Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company's stock valued at $35,000 after buying an additional 94 shares during the period. Hedge funds and other 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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