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

Atlassian Co. (NASDAQ:TEAM) CAO Gene Liu sold 568 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.08, for a total value of $177,261.44. Following the sale, the chief accounting officer now owns 52,142 shares of the company’s stock, valued at $16,272,475.36. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $249,287.79.
• On Tuesday, November 19th, Gene Liu sold 165 shares of Atlassian stock. The shares were sold at an average price of $245.84, for a total value of $40,563.60.

Atlassian Stock Down 0.9 %

Atlassian stock opened at $313.10 on Monday. 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 52 week low of $135.29 and a 52 week high of $326.00. The business’s 50-day moving average price is $270.09 and its 200 day moving average price is $218.39. The firm has a market cap of $82.03 billion, a price-to-earnings ratio of -233.65 and a beta of 0.87.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) 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 17.37%. As a group, sell-side analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on TEAM shares. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley increased their price target on Atlassian from $315.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Macquarie increased their price target on Atlassian from $290.00 to $317.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. UBS Group increased their price target on Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Oppenheimer increased their price objective on Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $319.71.

Institutional Trading of Atlassian

Several institutional investors have recently bought and sold shares of TEAM. Murphy & Mullick Capital Management Corp acquired a new stake in Atlassian in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in Atlassian by 68.6% in the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after purchasing an additional 96 shares during the period. True Wealth Design LLC grew its holdings in Atlassian by 23,100.0% in the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after purchasing an additional 231 shares during the period. Summit Securities Group LLC purchased a new position in shares of Atlassian in the fourth quarter valued at approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Atlassian in the fourth quarter valued at approximately $39,000. 94.45% of the stock is owned by institutional investors and hedge funds.

About Atlassian

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.