Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $192.44, for a total value of $1,475,052.60. Following the sale, the director now directly owns 45,990 shares in the company, valued at approximately $8,850,315.60. This represents a 14.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Farquhar also recently made the following trade(s):
- On Wednesday, June 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $199.71, for a total value of $1,530,777.15.
- On Monday, June 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $192.68, for a total value of $1,476,892.20.
- On Wednesday, June 18th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $196.44, for a total value of $1,505,712.60.
- On Monday, June 16th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $200.68, for a total value of $1,538,212.20.
- On Thursday, June 12th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $199.55, for a total value of $1,529,550.75.
- On Monday, June 9th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $215.23, for a total value of $1,649,737.95.
- On Friday, June 6th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $216.09, for a total value of $1,717,483.32.
- On Tuesday, June 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $208.43, for a total value of $1,656,601.64.
- On Thursday, May 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $205.73, for a total value of $1,635,142.04.
- On Tuesday, May 27th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $210.81, for a total value of $1,675,517.88.
Atlassian Stock Performance
Shares of NASDAQ TEAM traded up $0.14 during midday trading on Thursday, hitting $198.50. 1,974,388 shares of the company's stock were exchanged, compared to its average volume of 2,145,952. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12 month low of $135.29 and a 12 month high of $326.00. The company's 50 day moving average price is $209.89 and its 200 day moving average price is $238.82. The firm has a market capitalization of $52.11 billion, a PE ratio of -119.58 and a beta of 0.96.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Atlassian had a negative return on equity of 23.41% and a negative net margin of 8.66%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. As a group, analysts predict that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on TEAM shares. Mizuho dropped their target price on Atlassian from $325.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, June 12th. Morgan Stanley dropped their target price on Atlassian from $370.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group dropped their target price on Atlassian from $330.00 to $262.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Macquarie lowered their price target on Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a research report on Sunday. Four research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.19.
Get Our Latest Research Report on TEAM
Institutional Trading of Atlassian
Several institutional investors have recently added to or reduced their stakes in TEAM. Clean Yield Group boosted its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after purchasing an additional 93 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Atlassian in the 4th quarter valued at $27,000. Colonial Trust Co SC boosted its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co boosted its stake in Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after purchasing an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Atlassian in the 4th quarter valued at $38,000. 94.45% of the stock is currently owned by institutional investors.
About Atlassian
(
Get Free Report)
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.
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