3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC lessened its holdings in shares of Atlassian Co. ( NASDAQ:TEAM – Free Report ) by 95.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 871 shares of the technology company’s stock after selling 16,470 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Atlassian were worth $213,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company.
Corebridge Financial Inc. increased its position in shares of Atlassian by 0.3% during the fourth quarter.
Corebridge Financial Inc. now owns 10,499 shares of the technology company’s stock worth $2,555,000 after acquiring an additional 35 shares in the last quarter. Assetmark Inc.
boosted its stake in Atlassian by 30.6% during the 4th quarter. Assetmark Inc.
now owns 175 shares of the technology company’s stock valued at $43,000 after purchasing an additional 41 shares during the last quarter. Allworth Financial LP increased its holdings in Atlassian by 3.1% during the 4th quarter.
Allworth Financial LP now owns 1,548 shares of the technology company’s stock worth $404,000 after purchasing an additional 47 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Atlassian by 22.9% in the fourth quarter.
GAMMA Investing LLC now owns 290 shares of the technology company’s stock worth $71,000 after purchasing an additional 54 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Atlassian by 4.0% in the fourth quarter.
Venturi Wealth Management LLC now owns 1,467 shares of the technology company’s stock valued at $357,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
Atlassian Stock Down 5.4 % TEAM stock opened at $187.67 on Monday.
The stock has a 50-day simple moving average of $264.05 and a two-hundred day simple moving average of $240.72.
Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.
00. The firm has a market capitalization of $49.17 billion, a PE ratio of -140.
05 and a beta of 1.07. The company has a quick ratio of 1.
24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.
Analyst Ratings Changes A number of equities research analysts recently commented on the company. BMO Capital Markets raised Atlassian from a “market perform” rating to an “outperform” rating and increased their price target for the company from $255.00 to $292.
00 in a research report on Friday, January 10th. Morgan Stanley raised their price target on shares of Atlassian from $315.00 to $370.
00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Mizuho upped their price objective on shares of Atlassian from $285.00 to $355.
00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Finally, StockNews.
com lowered Atlassian from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Atlassian currently has a consensus rating of “Moderate Buy” and an average target price of $308.
73. Get Our Latest Stock Analysis on Atlassian Insider Transactions at Atlassian In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $222.
68, for a total value of $1,769,860.64. Following the transaction, the chief executive officer now directly owns 357,660 shares in the company, valued at $79,643,728.
80. This represents a 2.17 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CAO Gene Liu sold 568 shares of Atlassian stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $312.
08, for a total value of $177,261.44. Following the sale, the chief accounting officer now owns 52,142 shares of the company’s stock, valued at approximately $16,272,475.
36. This trade represents a 1.08 % decrease in their position.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 263,033 shares of company stock valued at $69,887,912. 38.
55% of the stock is currently owned by company insiders. Atlassian Company 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.
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