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

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $182.62, for a total transaction of $1,451,463.76. Following the completion of the sale, the chief executive officer now directly owns 484,828 shares in the company, valued at approximately $88,539,289.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, July 1st, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $177.25, for a total transaction of $1,408,783.00.
• On Friday, June 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $176.05, for a total transaction of $1,399,245.40.
• On Thursday, June 20th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $156.59, for a total transaction of $1,244,577.32.
• On Tuesday, June 18th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $153.84, for a total transaction of $1,222,720.32.
• 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 transaction 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 transaction 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 transaction 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 transaction of $1,326,801.00.
• On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $170.05, for a total transaction 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 transaction of $1,494,422.94.

Atlassian Trading Down 0.0 %

TEAM opened at $182.26 on Friday. Atlassian Co. has a twelve month low of $152.34 and a twelve month high of $258.69. The company has a 50-day simple moving average of $170.92 and a 200 day simple moving average of $200.54. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $47.44 billion, a price-to-earnings ratio of -289.30 and a beta of 0.74.

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

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management boosted its stake 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 purchasing an additional 119 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Atlassian in the 1st quarter valued at approximately $40,000. Crewe Advisors LLC acquired a new stake in shares of Atlassian in the 1st quarter valued at approximately $43,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake 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 purchasing an additional 271 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 291 shares in the last quarter. Institutional investors own 93.03% of the company’s stock.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several research reports. Piper Sandler upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $200.00 to $225.00 in a report on Tuesday. Oppenheimer decreased their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Mizuho decreased their price objective on shares of Atlassian from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, April 26th. KeyCorp initiated coverage on shares of Atlassian in a report on Tuesday, March 19th. They issued a “sector weight” rating on the stock. Finally, Barclays upgraded shares of Atlassian from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $235.00 to $275.00 in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $226.94.

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.