Atlassian (NASDAQ:TEAM) CRO Brian Duffy Sells 1,432 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CRO Brian Duffy sold 1,432 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $88.79, for a total transaction of $127,147.28. Following the completion of the sale, the executive owned 230,691 shares of the company’s stock, valued at approximately $20,483,053.89. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Brian Duffy also recently made the following trade(s):

• On Friday, June 12th, Brian Duffy sold 3,000 shares of Atlassian stock. The shares were sold at an average price of $89.71, for a total transaction of $269,130.00.
• On Wednesday, June 10th, Brian Duffy sold 1,813 shares of Atlassian stock. The shares were sold at an average price of $92.79, for a total transaction of $168,228.27.
• On Tuesday, June 9th, Brian Duffy sold 1,454 shares of Atlassian stock. The shares were sold at an average price of $95.35, for a total transaction of $138,638.90.
• On Monday, June 8th, Brian Duffy sold 1,451 shares of Atlassian stock. The shares were sold at an average price of $98.03, for a total transaction of $142,241.53.
• On Tuesday, May 19th, Brian Duffy sold 1,986 shares of Atlassian stock. The shares were sold at an average price of $87.75, for a total transaction of $174,271.50.

Atlassian Price Performance

Atlassian stock opened at $88.52 on Friday. The company has a market cap of $22.46 billion, a price-to-earnings ratio of -106.65, a PEG ratio of 5.06 and a beta of 1.07. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. Atlassian Corporation PLC has a 1 year low of $56.01 and a 1 year high of $222.59. The firm has a 50 day moving average price of $81.45 and a 200 day moving average price of $104.57.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. Atlassian’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Sell-side analysts predict that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Atlassian by 12.0% during the fourth quarter. GAMMA Investing LLC now owns 615 shares of the technology company’s stock worth $100,000 after purchasing an additional 66 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Atlassian by 1.6% during the second quarter. Snowden Capital Advisors LLC now owns 4,464 shares of the technology company’s stock worth $907,000 after purchasing an additional 71 shares in the last quarter. Financial Perspectives Inc lifted its position in shares of Atlassian by 11.7% during the fourth quarter. Financial Perspectives Inc now owns 718 shares of the technology company’s stock worth $116,000 after purchasing an additional 75 shares in the last quarter. ABN Amro Investment Solutions lifted its position in shares of Atlassian by 3.4% during the third quarter. ABN Amro Investment Solutions now owns 2,452 shares of the technology company’s stock worth $392,000 after purchasing an additional 80 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of Atlassian by 20.5% during the third quarter. Clearstead Advisors LLC now owns 488 shares of the technology company’s stock worth $78,000 after purchasing an additional 83 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on TEAM. Citigroup reduced their price target on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Morgan Stanley reduced their price target on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Wells Fargo & Company reduced their price target on shares of Atlassian from $155.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Cantor Fitzgerald lifted their price target on shares of Atlassian from $98.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Guggenheim set a $115.00 price target on shares of Atlassian in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.63.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.