1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC bought a new position in shares of Atlassian Co. ( NASDAQ:TEAM – Free Report ) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,525 shares of the technology company’s stock, valued at approximately $615,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Corebridge Financial Inc. lifted its holdings in shares of Atlassian by 0.
3% in the 4th quarter. Corebridge Financial Inc. now owns 10,499 shares of the technology company’s stock valued at $2,555,000 after purchasing an additional 35 shares during the last quarter.
Assetmark Inc. lifted its stake in Atlassian by 30.6% in the fourth quarter.
Assetmark Inc. now owns 175 shares of the technology company’s stock valued at $43,000 after buying an additional 41 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Atlassian by 3.
1% in the fourth quarter. Allworth Financial LP now owns 1,548 shares of the technology company’s stock valued at $404,000 after acquiring an additional 47 shares during the period. GAMMA Investing LLC grew its position in shares of Atlassian by 22.
9% during the fourth quarter. GAMMA Investing LLC now owns 290 shares of the technology company’s stock worth $71,000 after acquiring an additional 54 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Atlassian by 4.
0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,467 shares of the technology company’s stock valued at $357,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 94.
45% of the company’s stock. Atlassian Stock Performance Shares of TEAM stock opened at $186.61 on Tuesday.
The stock has a fifty day moving average price of $262.42 and a 200 day moving average price of $240.89.
The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.
24. The stock has a market cap of $48.89 billion, a PE ratio of -139.
26 and a beta of 1.07. Atlassian Co.
has a 1 year low of $135.29 and a 1 year high of $326.00.
Analyst Ratings Changes A number of analysts recently weighed in on TEAM shares. Wells Fargo & Company increased their price target on shares of Atlassian from $350.00 to $375.
00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stephens began coverage on Atlassian in a report on Wednesday, March 19th. They set an “equal weight” rating and a $255.
00 price target on the stock. BMO Capital Markets upgraded Atlassian from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $255.00 to $292.
00 in a research report on Friday, January 10th. Mizuho lifted their target price on Atlassian from $285.00 to $355.
00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Oppenheimer upped their price target on Atlassian from $300.00 to $380.
00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.
com, Atlassian currently has an average rating of “Moderate Buy” and a consensus target price of $305.64. Check Out Our Latest Research Report on Atlassian Insider Buying and Selling at Atlassian In other news, President Anutthara Bharadwaj sold 1,520 shares of the business’s stock in a transaction on Friday, January 17th.
The stock was sold at an average price of $259.85, for a total value of $394,972.00.
Following the completion of the transaction, the president now directly owns 210,471 shares of the company’s stock, valued at $54,690,889.35. The trade was a 0.
72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . Also, CAO Gene Liu sold 779 shares of the company’s stock in a transaction on Friday, January 31st.
The shares were sold at an average price of $320.01, for a total value of $249,287.79.
Following the completion of the sale, the chief accounting officer now owns 52,710 shares in the company, valued at $16,867,727.10. This represents a 1.
46 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 263,033 shares of company stock valued at $69,887,912 over the last quarter.
Corporate insiders own 38.55% of the company’s stock. 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. Featured Stories 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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