Atlassian Co. (NASDAQ:TEAM) Director Scott Farquhar Sells 7,948 Shares

by · The Cerbat Gem

Atlassian Co. (NASDAQ:TEAM – Get Free Report) Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $218.05, for a total value of $1,733,061.40. Following the sale, the director now owns 119,220 shares in the company, valued at $25,995,921. This represents a 6.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, February 28th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $278.61, for a total transaction of $2,214,392.28.
  • On Wednesday, February 26th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $289.77, for a total transaction of $2,303,091.96.
  • On Monday, February 24th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $283.26, for a total value of $2,251,350.48.
  • On Friday, February 7th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $315.69, for a total transaction of $2,509,104.12.
  • On Friday, January 31st, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $308.86, for a total value of $2,454,819.28.
  • On Wednesday, January 29th, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $270.63, for a total transaction of $2,150,967.24.
  • On Tuesday, January 21st, Scott Farquhar sold 7,948 shares of Atlassian stock. The shares were sold at an average price of $255.71, for a total value of $2,032,383.08.
  • On Friday, January 17th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $253.01, for a total transaction of $2,010,923.48.
  • On Wednesday, December 18th, Scott Farquhar sold 7,948 shares of Atlassian stock. The stock was sold at an average price of $258.33, for a total value of $2,053,206.84.

Atlassian Trading Up 3.8 %

Shares of Atlassian stock traded up $8.21 on Tuesday, reaching $224.10. 3,751,791 shares of the company were exchanged, compared to its average volume of 1,921,398. The stock has a fifty day moving average price of $275.49 and a 200-day moving average price of $233.12. The firm has a market capitalization of $58.71 billion, a price-to-earnings ratio of -167.24 and a beta of 0.91. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, analysts expect that Atlassian Co. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TEAM. Morgan Stanley boosted their target price on shares of Atlassian from $315.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Atlassian in a research note on Friday, January 31st. UBS Group upped their price target on shares of Atlassian from $275.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Barclays boosted their price objective on shares of Atlassian from $275.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.71.

Check Out Our Latest Stock Analysis on TEAM

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Atlassian in the fourth quarter worth approximately $27,000. Colonial Trust Co SC boosted its holdings in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Atlassian in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Atlassian in the fourth quarter valued at approximately $39,000. Finally, Avion Wealth raised its holdings in Atlassian by 1,308.3% in the fourth quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Atlassian

(Get Free Report)

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.

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