Atlassian Co. Plc (NASDAQ:TEAM – Get Rating) insider Gene Liu sold 526 shares of Atlassian stock in a transaction on Monday, November 21st. The shares were sold at an average price of $115.01, for a total value of $60,495.26. Following the completion of the transaction, the insider now owns 50,651 shares in the company, valued at $5,825,371.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Gene Liu also recently made the following trade(s):
- On Monday, November 14th, Gene Liu sold 136 shares of Atlassian stock. The shares were sold at an average price of $134.87, for a total value of $18,342.32.
Atlassian Trading Up 7.0 %
Shares of Atlassian stock opened at $124.50 on Friday. The firm has a market capitalization of $31.81 billion, a price-to-earnings ratio of -139.89 and a beta of 0.91. Atlassian Co. Plc has a fifty-two week low of $113.86 and a fifty-two week high of $404.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average of $185.23 and a 200 day moving average of $203.39.
Institutional Trading of Atlassian
Several hedge funds have recently modified their holdings of TEAM. Core Alternative Capital raised its stake in Atlassian by 1,383.3% in the first quarter. Core Alternative Capital now owns 89 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Rosenberg Matthew Hamilton acquired a new stake in Atlassian in the third quarter valued at $26,000. IndexIQ Advisors LLC acquired a new stake in Atlassian in the first quarter valued at $30,000. Ronald Blue Trust Inc. acquired a new stake in Atlassian in the second quarter valued at $36,000. Finally, San Luis Wealth Advisors LLC acquired a new stake in Atlassian in the first quarter valued at $40,000. 87.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on TEAM. Sanford C. Bernstein set a $263.00 target price on Atlassian in a research note on Friday, August 12th. Wolfe Research boosted their target price on Atlassian from $240.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, November 4th. BMO Capital Markets dropped their price target on Atlassian from $295.00 to $160.00 and set a “market perform” rating on the stock in a research note on Friday, November 4th. Finally, Jefferies Financial Group dropped their price target on Atlassian from $260.00 to $220.00 and set a “hold” rating on the stock in a research note on Monday, October 31st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average target price of $249.00.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.
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