Atlassian (NASDAQ:TEAM) CAO Gene Liu Sells 1,125 Shares of Stock

Atlassian Corporation PLC (NASDAQ:TEAM) CAO Gene Liu sold 1,125 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $175.00, for a total transaction of $196,875.00. Following the completion of the transaction, the chief accounting officer owned 56,807 shares of the company’s stock, valued at $9,941,225. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, August 14th, Gene Liu sold 815 shares of Atlassian stock. The shares were sold at an average price of $163.00, for a total transaction 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 transaction of $121,605.00.

Atlassian Stock Performance

Shares of TEAM stock opened at $174.91 on Friday. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $184.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.70. The firm has a market capitalization of $44.39 billion, a P/E ratio of -920.58, a P/E/G ratio of 13.69 and a beta of 1.05. The company’s fifty day moving average price is $104.18 and its two-hundred day moving average price is $88.91.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Friday, August 7th. The technology company reported $1.87 earnings per share 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 20.99%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, research analysts anticipate that Atlassian Corporation PLC will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TEAM has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research note on Friday, July 17th. Barclays upped their target price on Atlassian from $112.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Atlassian in a research note on Monday, June 29th. Oppenheimer increased their target price on Atlassian from $110.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Atlassian from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $177.23.

Hedge Funds Weigh In On Atlassian

Hedge funds have recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Atlassian during the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Atlassian in the 2nd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Atlassian by 139.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock worth $29,000 after acquiring an additional 220 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Atlassian in the 1st quarter worth approximately $30,000. Finally, State of Wyoming increased its holdings in shares of Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after acquiring an additional 178 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.