Atlassian Co. (NASDAQ:TEAM) Director Sells $139,125.00 in Stock

Atlassian Co. (NASDAQ:TEAM) Director Heather Mirjahangir Fernandez sold 750 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $185.50, for a total transaction of $139,125.00. Following the sale, the director now owns 10,110 shares in the company, valued at approximately $1,875,405. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Atlassian Trading Up 1.7 %

Atlassian stock opened at $187.06 on Monday. The company has a 50 day moving average price of $159.83 and a 200 day moving average price of $171.85. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $258.69. 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 firm has a market capitalization of $48.64 billion, a price-to-earnings ratio of -161.26 and a beta of 0.73.

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

Wall Street Analyst Weigh In

Several brokerages have commented on TEAM. Canaccord Genuity Group raised their price target on shares of Atlassian from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets dropped their price target on shares of Atlassian from $220.00 to $177.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Raymond James upgraded shares of Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a research note on Tuesday, October 1st. Truist Financial dropped their price target on shares of Atlassian from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Finally, Piper Sandler upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and raised their price target for the company from $200.00 to $225.00 in a research note on Tuesday, July 2nd. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Atlassian currently has a consensus rating of “Moderate Buy” and an average price target of $216.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEAM. Brown Capital Management LLC raised its holdings in shares of Atlassian by 2.2% during the 4th quarter. Brown Capital Management LLC now owns 115,482 shares of the technology company’s stock valued at $27,469,000 after purchasing an additional 2,535 shares in the last quarter. Parkwood LLC bought a new position in Atlassian in the 4th quarter worth $3,793,000. Profund Advisors LLC raised its holdings in Atlassian by 15.9% in the 4th quarter. Profund Advisors LLC now owns 21,117 shares of the technology company’s stock worth $5,023,000 after acquiring an additional 2,894 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Atlassian by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,237,507 shares of the technology company’s stock worth $2,435,095,000 after acquiring an additional 326,673 shares during the period. Finally, American International Group Inc. raised its holdings in Atlassian by 3.1% in the 4th quarter. American International Group Inc. now owns 10,772 shares of the technology company’s stock worth $2,562,000 after acquiring an additional 328 shares during the period. Institutional investors 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.