2 weeks Ago By ABMN Staff
Proficio Capital Partners LLC bought a new position in shares of Atlassian Co. ( NASDAQ:TEAM – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,998 shares of the technology company’s stock, valued at approximately $22,390,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Atlassian during the 3rd quarter worth $606,000. Fulton Bank N.
A. bought a new stake in shares of Atlassian during the 4th quarter valued at approximately $447,000. Paloma Partners Management Co acquired a new position in Atlassian during the 3rd quarter worth approximately $1,588,000.
Allworth Financial LP lifted its stake in Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company’s stock valued at $404,000 after purchasing an additional 47 shares during the last quarter.
Finally, Parnassus Investments LLC grew its stake in shares of Atlassian by 322.9% during the third quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock worth $51,016,000 after buying an additional 245,286 shares during the last quarter.
94.45% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of brokerages have recently commented on TEAM.
Morgan Stanley increased their price target on Atlassian from $315.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st.
Truist Financial reiterated a “buy” rating and issued a $350.00 target price (up from $300.00) on shares of Atlassian in a research report on Friday, January 31st.
Canaccord Genuity Group boosted their price target on Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, December 20th.
Cantor Fitzgerald raised their price objective on shares of Atlassian from $264.00 to $304.00 and gave the company a “neutral” rating in a report on Friday, January 31st.
Finally, KeyCorp lifted their target price on shares of Atlassian from $315.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st.
Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.
71. Insider Buying and Selling In related news, President Anutthara Bharadwaj sold 1,520 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $259.
85, for a total value of $394,972.00. Following the sale, the president now owns 210,471 shares in the company, valued at $54,690,889.
35. This represents a 0.72 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $227.
55, for a total transaction of $1,808,567.40. Following the completion of the transaction, the chief executive officer now directly owns 103,324 shares in the company, valued at approximately $23,511,376.
20. The trade was a 7.14 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders have sold 272,501 shares of company stock valued at $74,167,124. 38.
55% of the stock is owned by company insiders. Atlassian Stock Performance Shares of TEAM stock opened at $218.44 on Friday.
The firm has a 50 day moving average of $273.44 and a 200-day moving average of $233.71.
The company has a market cap of $57.23 billion, a price-to-earnings ratio of -163.01 and a beta of 0.
91. The company has a quick ratio of 1.24, a current ratio of 1.
24 and a debt-to-equity ratio of 0.81. Atlassian Co.
has a 52 week low of $135.29 and a 52 week high of $326.00.
Atlassian ( NASDAQ:TEAM – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.
73 by ($0.85). Atlassian had a negative net margin of 7.
22% and a negative return on equity of 17.37%. On average, equities analysts forecast that Atlassian Co.
will post -0.34 earnings per share for the current year. Atlassian Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TEAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlassian Co.
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