Atlassian Co. (NASDAQ:TEAM – Get Free Report) Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $169.00, for a total transaction of $1,343,212.00. Following the sale, the director now directly owns 468,932 shares of the company’s stock, valued at $79,249,508. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Scott Farquhar also recently made the following trade(s):
- On Thursday, October 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $160.14, for a total transaction of $1,272,792.72.
- On Monday, September 9th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $163.82, for a total transaction of $1,302,041.36.
- On Tuesday, September 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $163.81, for a total transaction of $1,301,961.88.
- On Tuesday, August 27th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $164.81, for a total transaction of $1,309,909.88.
- On Wednesday, August 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $140.54, for a total transaction of $1,117,011.92.
- On Monday, August 5th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $143.54, for a total transaction of $1,140,855.92.
- On Monday, July 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $178.96, for a total transaction of $1,422,374.08.
- On Friday, July 19th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $175.91, for a total transaction of $1,398,132.68.
- On Friday, July 12th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $181.21, for a total transaction of $1,440,257.08.
Atlassian Stock Up 3.9 %
Shares of NASDAQ:TEAM opened at $184.00 on Friday. The stock has a market cap of $47.85 billion, a P/E ratio of -292.06 and a beta of 0.73. The firm has a fifty day moving average price of $158.96 and a 200 day moving average price of $172.04. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $258.69.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Atlassian from $220.00 to $177.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Canaccord Genuity Group upped their target price on shares of Atlassian from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James raised shares of Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Tuesday, October 1st. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Scotiabank dropped their price objective on shares of Atlassian from $210.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.35.
Read Our Latest Analysis on Atlassian
Institutional Trading of Atlassian
Several hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Atlassian by 227.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,214 shares of the technology company’s stock worth $193,000 after acquiring an additional 843 shares during the period. Perpetual Ltd acquired a new stake in shares of Atlassian in the 3rd quarter worth $882,000. CWM LLC lifted its stake in shares of Atlassian by 270.6% in the 3rd quarter. CWM LLC now owns 7,875 shares of the technology company’s stock worth $1,251,000 after acquiring an additional 5,750 shares during the period. Green Alpha Advisors LLC lifted its stake in shares of Atlassian by 8.5% in the 3rd quarter. Green Alpha Advisors LLC now owns 3,521 shares of the technology company’s stock worth $559,000 after acquiring an additional 275 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its stake in shares of Atlassian by 100.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,451 shares of the technology company’s stock worth $548,000 after acquiring an additional 1,730 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.
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.
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