Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar Sells 7,948 Shares

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 7,948 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $182.62, for a total value of $1,451,463.76. Following the completion of the sale, the chief executive officer now owns 484,828 shares of the company’s stock, valued at $88,539,289.36. 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 Monday, July 1st, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $177.25, for a total value of $1,408,783.00.
• On Friday, June 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $176.05, for a total value of $1,399,245.40.
• On Thursday, June 20th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $156.59, for a total transaction of $1,244,577.32.
• On Tuesday, June 18th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $153.84, for a total transaction of $1,222,720.32.
• On Friday, June 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.61, for a total transaction of $1,292,424.28.
• On Monday, June 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $162.20, for a total value of $1,289,165.60.
• On Wednesday, June 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $157.52, for a total value of $1,298,122.32.
• On Thursday, May 30th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $161.00, for a total value of $1,326,801.00.
• On Friday, May 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $170.05, for a total transaction of $1,401,382.05.
• On Friday, May 17th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $181.34, for a total value of $1,494,422.94.

Atlassian Stock Down 0.0 %

Shares of NASDAQ:TEAM traded down $0.02 on Wednesday, reaching $182.26. The company had a trading volume of 816,018 shares, compared to its average volume of 1,749,364. Atlassian Co. has a 52-week low of $152.34 and a 52-week high of $258.69. The firm’s 50 day simple moving average is $171.58 and its 200-day simple moving average is $200.80. The firm has a market capitalization of $47.44 billion, a PE ratio of -289.30 and a beta of 0.74. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.40) EPS. As a group, analysts expect that Atlassian Co. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Mizuho decreased their target price on Atlassian from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. Citigroup cut their price objective on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Friday, June 7th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new stake in shares of Atlassian in the fourth quarter valued at about $202,000. Vanguard Group Inc. increased its position in shares of Atlassian by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after purchasing an additional 504,181 shares in the last quarter. American Century Companies Inc. lifted its holdings in Atlassian by 58.7% in the 3rd quarter. American Century Companies Inc. now owns 430,112 shares of the technology company’s stock valued at $86,672,000 after purchasing an additional 159,102 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Atlassian during the 4th quarter worth $13,805,000. Finally, Royal Bank of Canada grew its holdings in shares of Atlassian by 17.3% during the third quarter. Royal Bank of Canada now owns 381,430 shares of the technology company’s stock worth $76,862,000 after buying an additional 56,149 shares in the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

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.