Gene Liu Sells 765 Shares of Atlassian Corporation PLC (NASDAQ:TEAM) Stock

Atlassian Corporation PLC (NASDAQ:TEAM - Get Free Report) CAO Gene Liu sold 765 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $163.43, for a total transaction of $125,023.95. Following the sale, the chief accounting officer owned 50,595 shares of the company's stock, valued at approximately $8,268,740.85. This represents a 1.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, May 19th, Gene Liu sold 121 shares of Atlassian stock. The stock was sold at an average price of $214.88, for a total transaction of $26,000.48.

Atlassian Stock Performance

Shares of TEAM stock opened at $167.00 on Friday. Atlassian Corporation PLC has a one year low of $145.88 and a one year high of $326.00. The company's 50-day moving average is $194.44 and its 200 day moving average is $222.50. The company has a market capitalization of $43.84 billion, a price-to-earnings ratio of -168.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

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Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Atlassian had a negative net margin of 4.92% and a negative return on equity of 15.19%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. Sell-side analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on TEAM shares. BMO Capital Markets dropped their target price on shares of Atlassian from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. KeyCorp dropped their target price on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Stephens dropped their target price on shares of Atlassian from $221.00 to $202.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, Macquarie dropped their target price on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $259.76.

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Read Our Latest Stock Report on Atlassian

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently modified their holdings of the stock. Clean Yield Group grew its holdings in shares of Atlassian by 372.0% in the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after purchasing an additional 93 shares in the last quarter. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter worth $25,000. Colonial Trust Co SC boosted its stake in Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock worth $34,000 after buying an additional 69 shares during the period. Smithfield Trust Co boosted its stake in Atlassian by 90.7% during the first quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock worth $34,000 after buying an additional 78 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after buying an additional 161 shares during the period. Institutional investors own 94.45% of the company's stock.

Atlassian Company Profile

(Get Free Report)

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.

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