Atlassian Co. (NASDAQ:TEAM) CRO Brian Duffy Sells 2,252 Shares

Atlassian Co. (NASDAQ:TEAM - Get Free Report) CRO Brian Duffy sold 2,252 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $210.00, for a total transaction of $472,920.00. Following the sale, the executive now owns 73,360 shares in the company, valued at approximately $15,405,600. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Brian Duffy also recently made the following trade(s):

• On Monday, May 19th, Brian Duffy sold 1,959 shares of Atlassian stock. The stock was sold at an average price of $214.87, for a total transaction of $420,930.33.

Atlassian Stock Down 1.6%

Shares of NASDAQ TEAM traded down $3.42 during mid-day trading on Friday, reaching $215.18. The company had a trading volume of 791,982 shares, compared to its average volume of 2,094,842. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The stock's 50 day moving average is $209.84 and its 200-day moving average is $244.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $56.49 billion, a PE ratio of -160.60 and a beta of 1.06.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $0.89 earnings per share. As a group, equities analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Atlassian

A number of large investors have recently bought and sold shares of TEAM. Massachusetts Financial Services Co. MA bought a new stake in shares of Atlassian during the fourth quarter worth about $687,486,000. Voya Investment Management LLC grew its holdings in shares of Atlassian by 17,941.0% during the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock valued at $528,693,000 after buying an additional 2,160,810 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Atlassian by 72.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock valued at $1,042,737,000 after purchasing an additional 1,806,042 shares during the last quarter. Invesco Ltd. boosted its holdings in Atlassian by 265.9% during the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock worth $595,171,000 after acquiring an additional 1,777,179 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Atlassian during the 1st quarter valued at $327,665,000. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on TEAM shares. Morgan Stanley cut their price objective on Atlassian from $370.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald upgraded shares of Atlassian from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $304.00 to $272.00 in a research note on Wednesday, April 2nd. Jefferies Financial Group dropped their price objective on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating for the company in a report on Monday, April 7th. Baird R W upgraded shares of Atlassian from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Truist Financial dropped their price objective on Atlassian from $350.00 to $300.00 and set a "buy" rating for the company in a report on Monday, March 31st. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $285.29.

Atlassian Company Profile

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.