Cameron Deatsch Sells 4,525 Shares of Atlassian Co. Plc (NASDAQ:TEAM) Stock

Atlassian Co. Plc (NASDAQ:TEAMGet Rating) CRO Cameron Deatsch sold 4,525 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $115.01, for a total transaction of $520,420.25. Following the transaction, the executive now directly owns 130,215 shares in the company, valued at $14,976,027.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cameron Deatsch also recently made the following trade(s):

  • On Monday, November 14th, Cameron Deatsch sold 2,011 shares of Atlassian stock. The stock was sold at an average price of $134.92, for a total transaction of $271,324.12.

Atlassian Trading Up 7.0 %

Shares of Atlassian stock opened at $124.50 on Thursday. Atlassian Co. Plc has a fifty-two week low of $113.86 and a fifty-two week high of $404.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50 day moving average price is $187.80 and its two-hundred day moving average price is $203.94.

Atlassian (NASDAQ:TEAMGet Rating) last issued its earnings results on Thursday, November 3rd. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.46. Atlassian had a negative net margin of 7.60% and a negative return on equity of 71.10%. The firm had revenue of $807.39 million for the quarter, compared to analyst estimates of $806.42 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. On average, equities analysts anticipate that Atlassian Co. Plc will post -0.9 earnings per share for the current year.

Institutional Trading of Atlassian

A number of hedge funds have recently added to or reduced their stakes in TEAM. Core Alternative Capital grew its stake in shares of Atlassian by 1,383.3% in the first quarter. Core Alternative Capital now owns 89 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Rosenberg Matthew Hamilton acquired a new position in Atlassian during the 3rd quarter worth about $26,000. IndexIQ Advisors LLC acquired a new position in Atlassian during the 1st quarter worth about $30,000. Ronald Blue Trust Inc. bought a new stake in shares of Atlassian in the 2nd quarter valued at about $36,000. Finally, San Luis Wealth Advisors LLC bought a new stake in shares of Atlassian in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 87.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TEAM. Robert W. Baird lowered their target price on shares of Atlassian from $380.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Wells Fargo & Company reduced their price target on shares of Atlassian from $325.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. StockNews.com assumed coverage on shares of Atlassian in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho reduced their price target on shares of Atlassian from $320.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Finally, Jefferies Financial Group reduced their price target on shares of Atlassian from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, October 31st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average price target of $249.00.

About Atlassian

(Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

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