Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 939 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $190.00, for a total value of $178,410.00. Following the sale, the chief accounting officer directly owned 55,868 shares in the company, valued at approximately $10,614,920. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Gene Liu also recently made the following trade(s):
- On Wednesday, August 19th, Gene Liu sold 1,125 shares of Atlassian stock. The stock was sold at an average price of $175.00, for a total value of $196,875.00.
- 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 Thursday, August 13th, Gene Liu sold 737 shares of Atlassian stock. The shares were sold at an average price of $165.00, for a total value of $121,605.00.
Atlassian Stock Performance
Atlassian stock opened at $194.17 on Tuesday. The business has a 50 day moving average of $117.19 and a 200-day moving average of $92.76. Atlassian Corporation PLC has a 1 year low of $56.01 and a 1 year high of $197.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $49.27 billion, a P/E ratio of -1,021.95, a P/E/G ratio of 14.96 and a beta of 1.05.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The firm 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 posted $0.98 EPS. The company's revenue for the quarter was up 27.6% compared to the same quarter last year. On average, equities research analysts predict that Atlassian Corporation PLC will post 0.94 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Nicholas Company Inc. grew its position in shares of Atlassian by 8.7% during the 4th quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company's stock worth $49,748,000 after buying an additional 24,490 shares during the period. Tensor Edge Capital LLC acquired a new position in shares of Atlassian during the 4th quarter valued at $5,028,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Atlassian by 69.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,000 shares of the technology company's stock worth $4,232,000 after acquiring an additional 25,400 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in Atlassian in the fourth quarter worth $4,669,000. Finally, Fluent Financial LLC acquired a new stake in Atlassian in the second quarter worth $2,239,000. 94.45% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TEAM has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Atlassian from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Weiss Ratings reissued a "sell (e+)" rating on shares of Atlassian in a research note on Friday, July 17th. Sanford C. Bernstein restated an "outperform" rating on shares of Atlassian in a research report on Monday, June 29th. UBS Group lifted their price objective on Atlassian from $95.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Citigroup upped their target price on Atlassian from $110.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 10th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $179.93.
Read Our Latest Analysis on Atlassian
Atlassian Company Profile
(
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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