Atlassian Co. Plc (NASDAQ:TEAM) Insider Gene Liu Sells 526 Shares

Atlassian Co. Plc (NASDAQ:TEAMGet 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.

Atlassian (NASDAQ:TEAMGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.46. The company had revenue of $807.39 million for the quarter, compared to analysts’ expectations of $806.42 million. Atlassian had a negative return on equity of 71.10% and a negative net margin of 7.60%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, research analysts predict that Atlassian Co. Plc will post -0.9 earnings per share for the current year.

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

(Get Rating)

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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Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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