Atlassian Co. (NASDAQ:TEAM) CEO Sells $1,588,287.93 in Stock

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 8,241 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $192.73, for a total value of $1,588,287.93. Following the completion of the sale, the chief executive officer now owns 32,964 shares in the company, valued at $6,353,151.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $197.25, for a total transaction of $1,625,537.25.
• On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $214.32, for a total transaction of $1,766,211.12.
• On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.85, for a total value of $1,712,891.85.
• On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $204.79, for a total value of $1,687,674.39.
• On Tuesday, February 20th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.63, for a total value of $1,686,355.83.
• On Monday, February 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $218.32, for a total value of $1,799,175.12.
• On Wednesday, January 31st, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $251.76, for a total value of $2,074,754.16.
• On Monday, January 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $253.53, for a total value of $2,089,340.73.
• On Wednesday, January 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $245.64, for a total value of $2,024,319.24.
• On Tuesday, January 16th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $240.11, for a total value of $1,978,746.51.

Atlassian Price Performance

Atlassian stock traded down $4.73 during mid-day trading on Friday, reaching $192.53. 2,268,198 shares of the company were exchanged, compared to its average volume of 1,767,337. The company has a fifty day simple moving average of $218.55 and a 200-day simple moving average of $207.40. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $49.94 billion, a PE ratio of -129.37 and a beta of 0.64.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. As a group, equities research analysts expect that Atlassian Co. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of analyst reports. Capital One Financial initiated coverage on Atlassian in a research report on Monday, December 18th. They issued an “equal weight” rating and a $238.00 price target on the stock. Mizuho upped their price target on Atlassian from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Citigroup increased their price target on Atlassian from $215.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. William Blair reiterated an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. Finally, The Goldman Sachs Group increased their price objective on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $225.19.

Institutional Investors Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently bought and sold shares of TEAM. Graypoint LLC lifted its stake in shares of Atlassian by 2.4% in the 4th quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock valued at $424,000 after purchasing an additional 42 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in shares of Atlassian by 1.4% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock valued at $736,000 after purchasing an additional 43 shares during the period. Park National Corp OH boosted its holdings in Atlassian by 3.5% in the fourth quarter. Park National Corp OH now owns 1,439 shares of the technology company’s stock worth $342,000 after acquiring an additional 48 shares in the last quarter. UMB Bank n.a. boosted its holdings in Atlassian by 5.7% in the fourth quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock worth $248,000 after acquiring an additional 56 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its holdings in Atlassian by 28.5% in the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock worth $52,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 53.36% of the company’s stock.

About Atlassian

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.