Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu Sells 779 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 779 shares of Atlassian stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $320.01, for a total value of $249,287.79. Following the sale, the chief accounting officer now directly owns 52,710 shares in the company, valued at $16,867,727.10. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Monday, November 11th, Gene Liu sold 785 shares of Atlassian stock. The shares were sold at an average price of $240.00, for a total transaction of $188,400.00.
• On Thursday, November 7th, Gene Liu sold 445 shares of Atlassian stock. The stock was sold at an average price of $230.00, for a total transaction of $102,350.00.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $311.40 on Tuesday. The stock has a market cap of $81.10 billion, a price-to-earnings ratio of -232.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $324.37. The firm’s 50-day simple moving average is $260.51 and its 200 day simple moving average is $208.44.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) 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 18.00%. As a group, research analysts anticipate that Atlassian Co. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group lifted their target price on Atlassian from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, January 24th. UBS Group upped their target price on Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler upped their price objective on shares of Atlassian from $310.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Robert W. Baird lifted their target price on shares of Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus price target of $318.43.

Institutional Trading of Atlassian

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in Atlassian by 760.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock worth $110,972,000 after purchasing an additional 617,566 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Atlassian by 122.0% in the third quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock valued at $159,382,000 after acquiring an additional 551,500 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Atlassian during the third quarter valued at approximately $57,149,000. Parnassus Investments LLC lifted its holdings in Atlassian by 322.9% during the third quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock worth $51,016,000 after acquiring an additional 245,286 shares during the period. Finally, PointState Capital LP purchased a new position in Atlassian in the third quarter worth $30,566,000. Institutional investors 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.