Atlassian Co. (NASDAQ:TEAM - Get Free Report) President Anutthara Bharadwaj sold 1,520 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $254.76, for a total transaction of $387,235.20. Following the completion of the transaction, the president now owns 211,991 shares in the company, valued at approximately $54,006,827.16. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Anutthara Bharadwaj also recently made the following trade(s):
- On Tuesday, November 19th, Anutthara Bharadwaj sold 1,659 shares of Atlassian stock. The stock was sold at an average price of $245.81, for a total transaction of $407,798.79.
- On Friday, November 1st, Anutthara Bharadwaj sold 4,560 shares of Atlassian stock. The shares were sold at an average price of $225.45, for a total value of $1,028,052.00.
- On Friday, October 18th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $188.79, for a total value of $143,480.40.
Atlassian Price Performance
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NASDAQ:TEAM opened at $257.26 on Friday. The firm has a market cap of $67.00 billion, a P/E ratio of -169.25 and a beta of 0.80. The stock has a 50 day moving average of $237.54 and a two-hundred day moving average of $190.08. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $287.97. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The firm's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. On average, analysts expect that Atlassian Co. will post -0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Atlassian
A number of institutional investors and hedge funds have recently bought and sold shares of TEAM. Virtu Financial LLC purchased a new position in Atlassian during the third quarter worth about $606,000. Sequoia Financial Advisors LLC lifted its position in Atlassian by 37.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company's stock valued at $306,000 after buying an additional 520 shares during the last quarter. Paloma Partners Management Co purchased a new position in Atlassian during the third quarter worth about $1,588,000. Impax Asset Management Group plc increased its holdings in Atlassian by 590.6% in the 3rd quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company's stock valued at $5,940,000 after purchasing an additional 31,986 shares during the last quarter. Finally, Parnassus Investments LLC lifted its stake in 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 purchasing an additional 245,286 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently commented on TEAM. Wells Fargo & Company raised their price target on Atlassian from $300.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. BMO Capital Markets upped their target price on Atlassian from $177.00 to $255.00 and gave the stock a "market perform" rating in a report on Friday, November 1st. Macquarie initiated coverage on Atlassian in a report on Thursday, December 12th. They issued a "neutral" rating and a $290.00 price target on the stock. Robert W. Baird upped their price objective on Atlassian from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their target price on Atlassian from $200.00 to $250.00 and gave the company a "hold" rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.00.
View Our Latest Analysis on Atlassian
Atlassian Company Profile
(
Get 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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