Atlassian (NASDAQ:TEAM) CAO Gene Liu Sells 737 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CAO Gene Liu sold 737 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $165.00, for a total value of $121,605.00. Following the completion of the sale, the chief accounting officer owned 58,747 shares in the company, valued at $9,693,255. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 transaction of $132,845.00.
• On Tuesday, May 19th, Gene Liu sold 67 shares of Atlassian stock. The stock was sold at an average price of $87.71, for a total transaction of $5,876.57.

Atlassian Trading Down 2.4%

Shares of NASDAQ:TEAM opened at $158.34 on Tuesday. The company has a market cap of $40.18 billion, a PE ratio of -833.37, a P/E/G ratio of 18.33 and a beta of 1.05. The company’s 50-day moving average price is $99.46 and its 200 day moving average price is $87.93. Atlassian Corporation PLC has a fifty-two week low of $56.01 and a fifty-two week high of $184.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, August 7th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $0.98 EPS. Atlassian’s revenue was up 27.6% on a year-over-year basis. Sell-side analysts anticipate that Atlassian Corporation PLC will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Atlassian

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Atlassian by 71.6% in the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after buying an additional 2,267 shares during the period. Empowered Funds LLC grew its holdings in Atlassian by 39.5% during the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after acquiring an additional 1,328 shares during the period. Focus Partners Wealth grew its holdings in Atlassian by 32.6% during the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after acquiring an additional 1,014 shares during the period. Geneos Wealth Management Inc. raised its position in Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after acquiring an additional 161 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Atlassian by 27.5% in the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after acquiring an additional 404 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Cloudflare are being cited as companies pushing back against the “SaaSpocalypse”—market concerns that AI disruption and weaker corporate IT spending will damage enterprise-software demand. The article suggests Atlassian’s business remains more resilient than the recent selloff in software stocks implies. SaaSpocalypse Defied: Atlassian and Cloudflare Push Back Against Enterprise Tech Fears
• Neutral Sentiment: Chief Accounting Officer Gene Liu sold a combined 1,552 shares for approximately $254,450, while Chief Revenue Officer Brian Duffy sold 7,617 shares for about $1.24 million. The filings state that all sales were made to cover tax-withholding obligations tied to vested equity awards, reducing their ownership modestly but offering limited evidence of a discretionary bearish view. Atlassian insider sale filing Brian Duffy insider sale filing
• Negative Sentiment: A comparison with Salesforce favors Salesforce over Atlassian, citing stronger AI momentum, a better earnings outlook and a lower valuation. The analysis could pressure TEAM by reinforcing concerns that its premium valuation leaves less room for execution missteps as investors increase spending on AI. Atlassian vs. Salesforce: Which Cloud Software Stock Has an Edge?

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group raised their target price on Atlassian from $95.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $126.00 price target on shares of Atlassian in a research report on Monday, August 3rd. Citizens Jmp reissued a “market perform” rating on shares of Atlassian in a report on Wednesday, July 1st. KeyCorp lifted their price objective on shares of Atlassian from $115.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley upped their price objective on shares of Atlassian from $120.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $176.27.

About Atlassian

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.