Atlassian (NASDAQ:TEAM) Stock: Insider Gene Liu Sells 337 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CAO Gene Liu sold 337 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $210.00, for a total value of $70,770.00. Following the completion of the transaction, the chief accounting officer owned 55,531 shares of the company’s stock, valued at $11,661,510. The trade was a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, August 28th, Gene Liu sold 939 shares of Atlassian stock. The shares were sold at an average price of $190.00, for a total value of $178,410.00.
• On Wednesday, August 19th, Gene Liu sold 1,125 shares of Atlassian stock. The stock was sold at an average price of $175.00, for a total value of $196,875.00.
• On Friday, August 14th, Gene Liu sold 815 shares of Atlassian stock. The stock was sold at an average price of $163.00, for a total value of $132,845.00.
• On Thursday, August 13th, Gene Liu sold 737 shares of Atlassian stock. The stock was sold at an average price of $165.00, for a total value of $121,605.00.

Atlassian Price Performance

Atlassian stock opened at $204.66 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $51.94 billion, a PE ratio of -1,077.16, a P/E/G ratio of 16.35 and a beta of 1.22. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $214.77. The stock has a 50-day moving average price of $181.48 and a two-hundred day moving average price of $118.43.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.66 billion. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Analysts expect that Atlassian Corporation PLC will post 0.94 EPS for the current year.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its position in Atlassian by 27.4% during the first quarter. Pictet Asset Management Holding SA now owns 5,031,413 shares of the technology company’s stock valued at $343,344,000 after acquiring an additional 1,080,561 shares during the last quarter. Carmignac Gestion grew its holdings in Atlassian by 115.8% during the 1st quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock worth $177,707,000 after acquiring an additional 1,397,402 shares during the period. First Trust Advisors LP grew its holdings in Atlassian by 48.4% during the 1st quarter. First Trust Advisors LP now owns 2,349,842 shares of the technology company’s stock worth $160,377,000 after acquiring an additional 766,922 shares during the period. KBC Group NV grew its holdings in Atlassian by 1,691.2% during the 1st quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock worth $98,281,000 after acquiring an additional 1,359,624 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Atlassian by 1,516.7% in the 1st quarter. SG Americas Securities LLC now owns 905,629 shares of the technology company’s stock worth $61,809,000 after acquiring an additional 849,613 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEAM shares. KeyCorp lifted their target price on shares of Atlassian from $115.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. UBS Group boosted their target price on shares of Atlassian from $95.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Oppenheimer upped their price target on shares of Atlassian from $110.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Friday, July 17th. Finally, Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

Atlassian Company Profile

Atlassian Corporation develops collaboration, productivity and workflow-management software for technology, business and enterprise teams. Its products are designed to help organizations plan projects, manage software development, document and share knowledge, provide IT and customer support, and coordinate work across distributed teams.

Its product portfolio includes Jira for project and issue management, Confluence for team collaboration and knowledge sharing, Jira Service Management for IT service and support operations, and Trello for organizing tasks and projects.