Atlassian Corporation PLC (NASDAQ:TEAM – Get Free Report) Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $167.61, for a total transaction of $1,284,730.65. Following the completion of the sale, the director directly owned 314,265 shares of the company’s stock, valued at $52,673,956.65. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Scott Farquhar also recently made the following trade(s):
- On Wednesday, October 29th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $160.41, for a total transaction of $1,229,542.65.
- On Monday, October 27th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $165.03, for a total transaction of $1,264,954.95.
- On Friday, October 24th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $164.50, for a total value of $1,260,892.50.
- On Wednesday, October 22nd, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $169.16, for a total value of $1,296,611.40.
- On Friday, October 17th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.21, for a total value of $1,159,024.65.
- On Monday, October 20th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $157.28, for a total value of $1,205,551.20.
- On Wednesday, October 15th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $151.83, for a total value of $1,163,776.95.
- On Monday, October 13th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $147.81, for a total value of $1,132,963.65.
- On Friday, October 10th, Scott Farquhar sold 7,665 shares of Atlassian stock. The stock was sold at an average price of $145.85, for a total value of $1,117,940.25.
- On Wednesday, October 8th, Scott Farquhar sold 7,665 shares of Atlassian stock. The shares were sold at an average price of $150.93, for a total value of $1,156,878.45.
Atlassian Stock Up 3.9%
TEAM traded up $6.66 on Monday, hitting $176.08. The company had a trading volume of 4,149,494 shares, compared to its average volume of 2,485,044. The stock has a fifty day moving average price of $164.09 and a 200-day moving average price of $187.75. Atlassian Corporation PLC has a 12-month low of $144.32 and a 12-month high of $326.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $46.19 billion, a price-to-earnings ratio of -248.00 and a beta of 0.92.
Institutional Trading of Atlassian
A number of institutional investors and hedge funds have recently made changes to their positions in TEAM. Capco Asset Management LLC acquired a new position in shares of Atlassian in the 2nd quarter valued at $25,000. Smithfield Trust Co lifted its stake in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Atlassian by 447.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after purchasing an additional 161 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Atlassian by 25.9% in the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company’s stock valued at $57,000 after purchasing an additional 55 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Atlassian in the 3rd quarter valued at $57,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on TEAM. Wells Fargo & Company began coverage on Atlassian in a report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 target price for the company. Robert W. Baird set a $230.00 target price on Atlassian in a report on Friday. Sanford C. Bernstein decreased their target price on Atlassian from $296.00 to $290.00 and set an “outperform” rating for the company in a report on Friday. Raymond James Financial decreased their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, Barclays decreased their target price on Atlassian from $244.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.84.
Read Our Latest Report on TEAM
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.
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