Atlassian Co. (NASDAQ:TEAM - Get Free Report) Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $258.33, for a total transaction of $2,053,206.84. Following the transaction, the director now directly owns 63,584 shares of the company's stock, valued at approximately $16,425,654.72. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Scott Farquhar also recently made the following trade(s):
- On Tuesday, December 10th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $269.35, for a total transaction of $2,140,793.80.
- On Monday, December 2nd, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $265.96, for a total value of $2,113,850.08.
- On Monday, November 25th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $264.20, for a total value of $2,099,861.60.
- On Wednesday, November 20th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $244.81, for a total value of $1,945,749.88.
- On Monday, November 11th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $244.84, for a total value of $1,945,988.32.
- On Friday, November 8th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $237.04, for a total transaction of $1,883,993.92.
- On Monday, November 4th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $219.07, for a total transaction of $1,741,168.36.
- On Wednesday, October 16th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $189.96, for a total transaction of $1,509,802.08.
- On Monday, October 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $169.00, for a total transaction of $1,343,212.00.
- On Thursday, October 3rd, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $160.14, for a total value of $1,272,792.72.
Atlassian Trading Up 0.4 %
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Shares of NASDAQ:TEAM opened at $251.23 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $287.97. The stock has a market cap of $65.43 billion, a price-to-earnings ratio of -165.28 and a beta of 0.80. The business has a 50-day moving average price of $236.14 and a 200-day moving average price of $189.41.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. Atlassian's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) EPS. Equities analysts predict that Atlassian Co. will post -0.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on Atlassian from $180.00 to $205.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on Atlassian from $177.00 to $255.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Raymond James raised their target price on shares of Atlassian from $200.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Truist Financial upped their target price on Atlassian from $200.00 to $250.00 and gave the stock a "hold" rating in a report on Thursday, December 12th. Finally, Scotiabank lifted their price target on Atlassian from $175.00 to $250.00 and gave the company a "sector perform" rating in a report on Friday, November 1st. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.50.
Get Our Latest Stock Analysis on TEAM
Institutional Investors Weigh In On Atlassian
A number of institutional investors have recently modified their holdings of TEAM. Asset Dedication LLC increased its holdings in Atlassian by 229.8% in the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock worth $27,000 after acquiring an additional 108 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Atlassian in the second quarter valued at about $36,000. GAMMA Investing LLC increased its stake in shares of Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock worth $37,000 after purchasing an additional 96 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company's stock valued at $37,000 after acquiring an additional 231 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in Atlassian in the 3rd quarter valued at $48,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Atlassian Company Profile
(
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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