Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Diversified Trust Co

Diversified Trust Co lifted its position in shares of Atlassian Co. (NASDAQ:TEAM) by 27.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,036 shares of the technology company’s stock after acquiring an additional 3,035 shares during the period. Diversified Trust Co’s holdings in Atlassian were worth $2,739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Atlassian by 271.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after acquiring an additional 271 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after buying an additional 291 shares during the period. GAMMA Investing LLC acquired a new stake in Atlassian in the fourth quarter worth $107,000. Mather Group LLC. acquired a new position in shares of Atlassian during the first quarter valued at $113,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in shares of Atlassian by 38.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the technology company’s stock valued at $127,000 after purchasing an additional 150 shares during the period. 93.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEAM has been the subject of several research reports. Citigroup decreased their target price on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $235.00 to $275.00 in a research note on Thursday, April 11th. Robert W. Baird cut their price target on Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Oppenheimer cut their price target on Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Canaccord Genuity Group cut their price objective on Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.47.

Atlassian Trading Up 0.8 %

Shares of TEAM stock opened at $178.25 on Tuesday. The company has a 50 day moving average of $171.93 and a 200-day moving average of $201.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. Atlassian Co. has a 12-month low of $152.34 and a 12-month high of $258.69.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned ($0.40) EPS. Atlassian’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, analysts predict that Atlassian Co. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlassian

In related news, President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $193.63, for a total transaction of $147,158.80. Following the transaction, the president now owns 162,610 shares in the company, valued at $31,486,174.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $207.36, for a total transaction of $1,708,853.76. Following the completion of the sale, the chief executive officer now directly owns 432,378 shares of the company’s stock, valued at $89,657,902.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 760 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $193.63, for a total transaction of $147,158.80. Following the completion of the sale, the president now directly owns 162,610 shares of the company’s stock, valued at $31,486,174.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 280,147 shares of company stock worth $50,166,202. 40.48% of the stock is currently owned by company insiders.

Atlassian 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.