Atlassian (NASDAQ:TEAM) CAO Gene Liu Sells 815 Shares

Atlassian Corporation PLC (NASDAQ:TEAM) CAO Gene Liu sold 815 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $163.00, for a total value of $132,845.00. Following the transaction, the chief accounting officer directly owned 57,932 shares in the company, valued at $9,442,916. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, August 13th, Gene Liu sold 737 shares of Atlassian stock. The stock was sold at an average price of $165.00, for a total value of $121,605.00.
• On Tuesday, May 19th, Gene Liu sold 67 shares of Atlassian stock. The shares were sold at an average price of $87.71, for a total transaction of $5,876.57.

Atlassian Stock Down 2.4%

Shares of Atlassian stock opened at $158.34 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. The company’s fifty day simple moving average is $99.46 and its two-hundred day simple moving average is $87.93. The company has a market cap of $40.18 billion, a P/E ratio of -833.37, a PEG ratio of 18.33 and a beta of 1.05. Atlassian Corporation PLC has a 12-month low of $56.01 and a 12-month high of $184.00.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.50 by $0.37. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Research analysts anticipate that Atlassian Corporation PLC will post 0.65 EPS for the current year.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Atlassian and Cloudflare are being cited as companies pushing back against the “SaaSpocalypse”—market concerns that AI disruption and weaker corporate IT spending will damage enterprise-software demand. The article suggests Atlassian’s business remains more resilient than the recent selloff in software stocks implies. SaaSpocalypse Defied: Atlassian and Cloudflare Push Back Against Enterprise Tech Fears
• Neutral Sentiment: Chief Accounting Officer Gene Liu sold a combined 1,552 shares for approximately $254,450, while Chief Revenue Officer Brian Duffy sold 7,617 shares for about $1.24 million. The filings state that all sales were made to cover tax-withholding obligations tied to vested equity awards, reducing their ownership modestly but offering limited evidence of a discretionary bearish view. Atlassian insider sale filing Brian Duffy insider sale filing
• Negative Sentiment: A comparison with Salesforce favors Salesforce over Atlassian, citing stronger AI momentum, a better earnings outlook and a lower valuation. The analysis could pressure TEAM by reinforcing concerns that its premium valuation leaves less room for execution missteps as investors increase spending on AI. Atlassian vs. Salesforce: Which Cloud Software Stock Has an Edge?

Institutional Investors Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Atlassian by 291.4% during the fourth quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock valued at $1,256,535,000 after purchasing an additional 5,769,788 shares during the last quarter. Norges Bank bought a new position in Atlassian during the 4th quarter valued at approximately $323,526,000. Morgan Stanley increased its position in Atlassian by 52.4% during the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after buying an additional 1,657,309 shares in the last quarter. Carmignac Gestion raised its stake in Atlassian by 115.8% during the first quarter. Carmignac Gestion now owns 2,603,770 shares of the technology company’s stock valued at $177,707,000 after buying an additional 1,397,402 shares during the last quarter. Finally, KBC Group NV raised its stake in Atlassian by 1,691.2% during the first quarter. KBC Group NV now owns 1,440,019 shares of the technology company’s stock valued at $98,281,000 after buying an additional 1,359,624 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

TEAM has been the topic of several research reports. Citigroup lifted their price objective on Atlassian from $110.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Citizens Jmp restated a “market perform” rating on shares of Atlassian in a research note on Wednesday, July 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Friday, July 17th. Guggenheim upped their price target on Atlassian from $115.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $200.00 price objective on Atlassian in a report on Friday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $176.27.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.