Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.66, for a total transaction of $1,561,053.90. Following the transaction, the director directly owned 7,665 shares of the company's stock, valued at $1,561,053.90. This represents a 50.00% decrease in their ownership of the stock. 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 Wednesday, June 25th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were 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 Friday, June 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $192.44, for a total value of $1,475,052.60.
- 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 shares were 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 stock was sold at an average price of $199.55, for a total transaction 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 transaction of $1,649,737.95.
- On Friday, June 6th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $216.09, for a total transaction 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 transaction of $1,656,601.64.
- On Thursday, May 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $205.73, for a total value of $1,635,142.04.
Atlassian Trading Up 0.4%
Atlassian stock traded up $0.77 during trading on Monday, reaching $203.09. The company had a trading volume of 1,626,239 shares, compared to its average volume of 2,146,405. Atlassian Corporation PLC has a 12-month low of $135.29 and a 12-month high of $326.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The stock's 50 day moving average price is $209.79 and its two-hundred day moving average price is $237.32. The firm has a market capitalization of $53.31 billion, a price-to-earnings ratio of -122.34 and a beta of 0.96.
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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The business's quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
TEAM has been the subject of several research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $300.00 price objective (down from $330.00) on shares of Atlassian in a research note on Friday, May 2nd. UBS Group lowered their target price on Atlassian from $230.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Baird R W upgraded Atlassian from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Truist Financial decreased their price objective on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Barclays lowered their price objective on shares of Atlassian from $350.00 to $260.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.19.
View Our Latest Stock Report on Atlassian
Institutional Investors Weigh In On Atlassian
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Atlassian by 37.7% during the 1st quarter. Farther Finance Advisors LLC now owns 369 shares of the technology company's stock worth $80,000 after purchasing an additional 101 shares in the last quarter. LPL Financial LLC grew its stake in Atlassian by 93.4% during the fourth quarter. LPL Financial LLC now owns 51,534 shares of the technology company's stock worth $12,542,000 after buying an additional 24,891 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Atlassian in the first quarter worth $252,000. Yousif Capital Management LLC increased its position in shares of Atlassian by 2.9% in the first quarter. Yousif Capital Management LLC now owns 2,063 shares of the technology company's stock worth $438,000 after acquiring an additional 58 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Atlassian in the 4th quarter valued at $10,805,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.
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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