Atlassian Co. (NASDAQ:TEAM) CAO Sells $177,261.44 in Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 568 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.08, for a total transaction of $177,261.44. Following the transaction, the chief accounting officer now directly owns 52,142 shares in the company, valued at $16,272,475.36. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

Atlassian Stock Down 0.9 %

Shares of TEAM opened at $313.10 on Friday. The stock has a market cap of $82.03 billion, a price-to-earnings ratio of -233.65 and a beta of 0.87. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a 50-day moving average price of $270.09 and a two-hundred day moving average price of $218.10.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data 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 return on equity of 17.37% and a negative net margin of 7.22%. Equities analysts predict that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TEAM. Canaccord Genuity Group increased their target price on shares of Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. William Blair restated an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Scotiabank upped their price target on shares of Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Barclays upped their price target on shares of Atlassian from $275.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, UBS Group upped their price target on shares of Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.71.

Institutional Trading of Atlassian

Several hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Atlassian during the fourth quarter worth approximately $4,606,000. Keel Point LLC acquired a new stake in shares of Atlassian during the fourth quarter worth approximately $221,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Atlassian by 6.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 35,449 shares of the technology company’s stock valued at $8,628,000 after purchasing an additional 2,253 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Atlassian in the fourth quarter valued at approximately $10,805,000. Finally, Comerica Bank increased its holdings in shares of Atlassian by 14.5% in the fourth quarter. Comerica Bank now owns 31,728 shares of the technology company’s stock valued at $7,722,000 after purchasing an additional 4,027 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Company Profile

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.