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Atlassian Corporation PLC (NASDAQ:TEAM) Director Sells $1,686,146.70 in Stock

Atlassian logo with Computer and Technology background

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,665 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $219.98, for a total transaction of $1,686,146.70. Following the sale, the director directly owned 444,570 shares of the company's stock, valued at approximately $97,796,508.60. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, July 7th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $214.49, for a total transaction of $1,644,065.85.
  • On Thursday, July 3rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $213.97, for a total transaction of $1,640,080.05.
  • On Monday, June 30th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $203.16, for a total transaction of $1,557,221.40.
  • On Friday, June 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $203.66, for a total transaction of $1,561,053.90.
  • 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 transaction of $1,530,777.15.
  • On Monday, June 23rd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $192.68, for a total transaction 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 transaction of $1,475,052.60.
  • On Wednesday, June 18th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $196.44, for a total transaction 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 transaction 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 transaction of $1,529,550.75.

Atlassian Stock Down 6.5%

Shares of TEAM traded down $13.04 during trading hours on Friday, reaching $187.01. 3,553,326 shares of the stock traded hands, compared to its average volume of 2,182,589. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $207.96 and a 200 day simple moving average of $233.70. Atlassian Corporation PLC has a 52 week low of $135.29 and a 52 week high of $326.00. The company has a market cap of $49.09 billion, a price-to-earnings ratio of -112.66 and a beta of 0.94.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, equities analysts forecast that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Institutional Trading of Atlassian

Several hedge funds have recently added to or reduced their stakes in TEAM. Murphy & Mullick Capital Management Corp bought a new stake in shares of Atlassian in the fourth quarter valued at approximately $27,000. Clean Yield Group raised its position in shares of Atlassian by 372.0% in the first 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. Colonial Trust Co SC raised its position in shares of Atlassian by 100.0% in the fourth 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. Summit Securities Group LLC bought a new stake in shares of Atlassian in the fourth quarter valued at approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Atlassian in the fourth quarter valued at approximately $39,000. Institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Atlassian from $295.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Mizuho decreased their price objective on shares of Atlassian from $325.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, June 12th. Stephens decreased their price objective on shares of Atlassian from $255.00 to $221.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald upgraded shares of Atlassian from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $304.00 to $272.00 in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $285.75.

Get Our Latest Analysis on TEAM

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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