Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu Sells 568 Shares

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 568 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $312.08, for a total value of $177,261.44. Following the completion of the transaction, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 31st, Gene Liu sold 779 shares of Atlassian stock. The shares were sold at an average price of $320.01, for a total value of $249,287.79.
• On Tuesday, November 19th, Gene Liu sold 165 shares of Atlassian stock. The shares were sold at an average price of $245.84, for a total value of $40,563.60.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $313.10 on Friday. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $269.40 and a 200-day moving average of $216.86.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Sell-side analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TEAM shares. William Blair reiterated an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Piper Sandler lifted their price target on Atlassian from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Canaccord Genuity Group lifted their price target on Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Jefferies Financial Group lifted their price target on Atlassian from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Oppenheimer lifted their price target on Atlassian from $300.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and a consensus target price of $319.71.

Institutional Investors Weigh In On Atlassian

Large investors have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new stake in Atlassian during the fourth quarter valued at $27,000. GAMMA Investing LLC boosted its stake in Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after buying an additional 96 shares during the period. True Wealth Design LLC boosted its stake in Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after buying an additional 231 shares during the period. Summit Securities Group LLC bought a new stake in Atlassian during the fourth quarter valued at $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian during the fourth quarter valued at $39,000. Institutional investors own 94.45% of the company’s stock.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.