Gene Liu Sells 165 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 165 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $245.84, for a total transaction of $40,563.60. Following the completion of the transaction, the chief accounting officer now owns 56,423 shares in the company, valued at $13,871,030.32. This represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gene Liu also recently made the following trade(s):

• On Monday, November 11th, Gene Liu sold 785 shares of Atlassian stock. The stock was sold at an average price of $240.00, for a total transaction of $188,400.00.
• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The stock was sold at an average price of $230.00, for a total transaction of $102,350.00.
• On Friday, November 1st, Gene Liu sold 1,024 shares of Atlassian stock. The shares were sold at an average price of $225.45, for a total transaction of $230,860.80.

Atlassian Trading Up 3.4 %

Shares of TEAM stock opened at $253.91 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $66.13 billion, a price-to-earnings ratio of -167.05 and a beta of 0.71. The firm has a 50-day moving average price of $192.77 and a 200 day moving average price of $175.94. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $258.69.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. Research analysts forecast that Atlassian Co. will post -0.56 earnings per share for the current fiscal year.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEAM. Ameritas Investment Partners Inc. grew its holdings in Atlassian by 1.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the technology company’s stock valued at $890,000 after buying an additional 65 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Atlassian by 33.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,204 shares of the technology company’s stock worth $820,000 after purchasing an additional 1,062 shares during the period. UniSuper Management Pty Ltd grew its holdings in shares of Atlassian by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,100 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Atlassian during the 1st quarter worth about $43,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd grew its holdings in shares of Atlassian by 14.1% during the 1st quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 40,974 shares of the technology company’s stock worth $7,994,000 after purchasing an additional 5,072 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TEAM. BMO Capital Markets lifted their price objective on shares of Atlassian from $177.00 to $255.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. UBS Group raised their target price on Atlassian from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial raised their target price on Atlassian from $160.00 to $200.00 and gave the company a “hold” rating in a report on Friday, November 1st. Raymond James lifted their price target on Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price target on Atlassian from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $244.21.

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.