Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar Sells 7,948 Shares

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $153.84, for a total value of $1,222,720.32. Following the completion of the transaction, the chief executive officer now directly owns 55,636 shares of the company’s stock, valued at approximately $8,559,042.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Scott Farquhar also recently made the following trade(s):

• On Friday, June 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.61, for a total value of $1,292,424.28.
• On Monday, June 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.20, for a total value of $1,289,165.60.
• On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $157.52, for a total value of $1,298,122.32.
• On Thursday, May 30th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $161.00, for a total value of $1,326,801.00.
• On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $170.05, for a total value of $1,401,382.05.
• On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $181.34, for a total value of $1,494,422.94.
• On Friday, May 3rd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $183.51, for a total value of $1,512,305.91.
• On Monday, April 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $177.14, for a total value of $1,459,810.74.
• On Wednesday, April 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $199.71, for a total value of $1,645,810.11.
• On Monday, April 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $193.35, for a total value of $1,593,397.35.

Atlassian Trading Down 2.2 %

TEAM opened at $153.18 on Wednesday. The stock’s fifty day moving average is $177.56 and its two-hundred day moving average is $203.15. The company has a market capitalization of $39.87 billion, a P/E ratio of -243.14 and a beta of 0.73. Atlassian Co. has a 52 week low of $152.70 and a 52 week high of $258.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.62 by $0.27. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. Atlassian’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. Analysts forecast that Atlassian Co. will post -0.21 earnings per share for the current year.

Institutional Trading of Atlassian

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management increased its holdings in shares of Atlassian by 383.9% in the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock valued at $29,000 after acquiring an additional 119 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Atlassian in the 1st quarter valued at $40,000. Crewe Advisors LLC purchased a new position in shares of Atlassian in the 1st quarter valued at $43,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Atlassian by 271.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after acquiring an additional 271 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Atlassian by 255.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock valued at $96,000 after acquiring an additional 291 shares during the period. Institutional investors own 93.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TEAM. Truist Financial dropped their price target on Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, April 26th. TD Cowen decreased their price objective on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Robert W. Baird decreased their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Mizuho decreased their price objective on Atlassian from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, StockNews.com upgraded Atlassian from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.22.

About Atlassian

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.