Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar Sells 8,241 Shares

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $194.67, for a total transaction of $1,604,275.47. The sale 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 Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.73, for a total transaction of $1,588,287.93.
• On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.25, for a total transaction of $1,625,537.25.
• On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $214.32, for a total transaction of $1,766,211.12.
• On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.85, for a total transaction of $1,712,891.85.
• On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.79, for a total transaction of $1,687,674.39.
• On Tuesday, February 20th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.63, for a total transaction of $1,686,355.83.
• On Monday, February 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $218.32, for a total value of $1,799,175.12.
• On Wednesday, January 31st, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $251.76, for a total value of $2,074,754.16.
• On Monday, January 29th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $253.53, for a total transaction of $2,089,340.73.
• On Wednesday, January 24th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $245.64, for a total transaction of $2,024,319.24.

Atlassian Trading Up 1.0 %

TEAM stock opened at $195.11 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average is $214.05 and its two-hundred day moving average is $206.96. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. On average, equities research analysts anticipate that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. raised its position in shares of Atlassian by 38.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $127,000 after acquiring an additional 150 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Atlassian during the 4th quarter worth about $248,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Atlassian during the 4th quarter worth about $4,281,000. Hennessy Advisors Inc. acquired a new stake in shares of Atlassian during the 4th quarter worth about $136,000. Finally, Vanguard Group Inc. raised its position in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after acquiring an additional 504,181 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TEAM shares. Barclays upped their price target on shares of Atlassian from $165.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group boosted their price objective on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Mizuho upped their price target on Atlassian from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Scotiabank began coverage on Atlassian in a research note on Friday, December 1st. They issued a “sector perform” rating and a $185.00 price target for the company. Finally, StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.19.

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.