Insider Selling: Atlassian Co. (NASDAQ:TEAM) President Sells 760 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $188.79, for a total value of $143,480.40. Following the sale, the president now owns 228,996 shares in the company, valued at approximately $43,232,154.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Anutthara Bharadwaj also recently made the following trade(s):

• On Friday, September 20th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $163.11, for a total value of $123,963.60.

Atlassian Trading Up 0.6 %

NASDAQ:TEAM traded up $1.13 on Monday, hitting $192.83. 1,730,719 shares of the stock were exchanged, compared to its average volume of 1,785,574. The stock has a market cap of $50.14 billion, a PE ratio of -166.05 and a beta of 0.73. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average of $164.91 and a 200-day moving average of $171.56. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) earnings per share. As a group, equities analysts expect that Atlassian Co. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on TEAM shares. Mizuho boosted their target price on Atlassian from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank decreased their target price on Atlassian from $210.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets reduced their price objective on Atlassian from $220.00 to $177.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Barclays reduced their price objective on Atlassian from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird downgraded Atlassian from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $230.00 to $175.00 in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $215.12.

Institutional Investors Weigh In On Atlassian

A number of large investors have recently modified their holdings of TEAM. American International Group Inc. grew its stake in shares of Atlassian by 3.1% in the fourth quarter. American International Group Inc. now owns 10,772 shares of the technology company’s stock valued at $2,562,000 after buying an additional 328 shares in the last quarter. RFG Advisory LLC grew its stake in shares of Atlassian by 5.7% in the first quarter. RFG Advisory LLC now owns 1,952 shares of the technology company’s stock valued at $381,000 after buying an additional 106 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Atlassian by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 12,596 shares of the technology company’s stock valued at $2,457,000 after buying an additional 97 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Atlassian in the first quarter valued at about $266,000. Finally, First Bank & Trust acquired a new stake in shares of Atlassian in the first quarter valued at about $1,727,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

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.