Scott Farquhar Sells 8,241 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) CEO Scott Farquhar sold 8,241 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $180.20, for a total transaction of $1,485,028.20. Following the completion of the sale, the chief executive officer now owns 370,845 shares in the company, valued at $66,826,269. The transaction was disclosed in a filing with the SEC, which is available through this link.

Scott Farquhar also recently made the following trade(s):

• On Friday, October 13th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $188.52, for a total transaction of $1,553,593.32.
• On Monday, September 25th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $195.87, for a total transaction of $1,614,164.67.
• On Wednesday, September 13th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $209.70, for a total transaction of $1,728,137.70.
• On Monday, September 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $212.13, for a total transaction of $1,748,163.33.
• On Tuesday, September 5th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $205.08, for a total transaction of $1,690,064.28.
• On Friday, September 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $204.79, for a total transaction of $1,687,674.39.
• On Friday, August 25th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $187.87, for a total transaction of $1,548,236.67.
• On Wednesday, August 23rd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.45, for a total transaction of $1,585,980.45.
• On Friday, August 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $185.80, for a total transaction of $1,531,177.80.
• On Monday, August 14th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $199.76, for a total transaction of $1,646,222.16.

Atlassian Trading Up 0.2 %

NASDAQ:TEAM opened at $176.46 on Friday. Atlassian Co. has a one year low of $113.86 and a one year high of $215.77. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day simple moving average is $196.44 and its 200 day simple moving average is $177.93. The firm has a market capitalization of $45.42 billion, a P/E ratio of -93.37 and a beta of 0.70.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.04. The business had revenue of $939.10 million during the quarter, compared to analysts’ expectations of $911.23 million. Atlassian had a negative net margin of 13.77% and a negative return on equity of 61.15%. As a group, analysts forecast that Atlassian Co. will post -0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Atlassian from $165.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Oppenheimer raised their price target on shares of Atlassian from $200.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BMO Capital Markets raised their price target on shares of Atlassian from $180.00 to $220.00 and gave the stock a “market perform” rating in a report on Friday, August 4th. Mizuho reissued a “buy” rating and issued a $240.00 price target on shares of Atlassian in a report on Tuesday, September 19th. Finally, StockNews.com initiated coverage on shares of Atlassian in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Andesa Financial Management Inc. purchased a new position in shares of Atlassian during the first quarter valued at approximately $233,000. Hall Laurie J Trustee bought a new stake in Atlassian during the second quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. bought a new stake in Atlassian during the second quarter valued at approximately $41,000. Carmel Capital Partners LLC bought a new stake in Atlassian during the first quarter valued at approximately $34,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Atlassian in the second quarter worth approximately $34,000. 53.36% of the stock is owned by hedge funds and other institutional investors.

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.