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 company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $210.00, for a total transaction of $472,920.00. Following the completion of 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 document filed with the SEC, which is accessible 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 Trading Down 1.9%

TEAM traded down $4.09 on Friday, reaching $214.51. 1,579,559 shares of the company traded hands, compared to its average volume of 2,103,656. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The firm has a fifty day simple moving average of $209.80 and a two-hundred day simple moving average of $244.62. The company has a market cap of $56.31 billion, a P/E ratio of -160.08 and a beta of 0.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.89 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that Atlassian Co. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

Large investors have recently modified their holdings of the business. Corebridge Financial Inc. lifted its stake in Atlassian by 0.3% during the 4th quarter. Corebridge Financial Inc. now owns 10,499 shares of the technology company's stock valued at $2,555,000 after acquiring an additional 35 shares during the period. GeoWealth Management LLC lifted its stake in Atlassian by 26.8% during the 4th quarter. GeoWealth Management LLC now owns 180 shares of the technology company's stock valued at $44,000 after acquiring an additional 38 shares during the period. Assetmark Inc. lifted its stake in Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company's stock valued at $43,000 after acquiring an additional 41 shares during the period. Allworth Financial LP lifted its stake in Atlassian by 3.1% during the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company's stock valued at $404,000 after acquiring an additional 47 shares during the period. Finally, State of Wyoming lifted its stake in Atlassian by 20.3% during the 1st quarter. State of Wyoming now owns 278 shares of the technology company's stock valued at $59,000 after acquiring an additional 47 shares during the period. Institutional investors own 94.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TEAM. Truist Financial cut their price target on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Canaccord Genuity Group decreased their price target on shares of Atlassian from $300.00 to $255.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Raymond James reaffirmed an "outperform" rating and set a $300.00 target price (down from $330.00) on shares of Atlassian in a research note on Friday, May 2nd. Finally, Robert W. Baird raised shares of Atlassian from a "neutral" rating to an "outperform" rating and dropped their price objective for the stock from $320.00 to $255.00 in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.