Atlassian Co. (NASDAQ:TEAM – Get Free Report) President Anutthara Bharadwaj sold 760 shares of the firm’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 completion of the transaction, the president now owns 228,996 shares in the company, valued at $43,232,154.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 Stock Performance
TEAM opened at $193.87 on Wednesday. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $258.69. The firm has a market capitalization of $50.41 billion, a PE ratio of -167.13 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50-day simple moving average is $166.97 and its 200 day simple moving average is $171.54.
Analysts Set New Price Targets
Several research analysts have recently issued reports on TEAM shares. Raymond James upgraded Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Tuesday, October 1st. StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. BMO Capital Markets dropped their price objective on Atlassian from $220.00 to $177.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Truist Financial dropped their price objective on Atlassian from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group raised Atlassian from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $230.00 in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $212.47.
Read Our Latest Report on Atlassian
Institutional Trading of Atlassian
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Atlassian by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company’s stock worth $3,039,287,000 after acquiring an additional 221,650 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after buying an additional 904,138 shares during the last quarter. Dragoneer Investment Group LLC acquired a new position in Atlassian during the second quarter worth approximately $469,803,000. Capital International Investors increased its position in Atlassian by 6.3% during the first quarter. Capital International Investors now owns 2,436,567 shares of the technology company’s stock worth $475,399,000 after buying an additional 144,117 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in Atlassian by 6.7% during the first quarter. Clearbridge Investments LLC now owns 2,070,928 shares of the technology company’s stock worth $404,059,000 after buying an additional 130,253 shares during the last quarter. Institutional investors own 93.03% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Atlassian
- How to Invest in Small Cap StocksĀ
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- P/E Ratio Calculation: How to Assess Stocks
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- Ride Out The Recession With These Dividend KingsĀ
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.