Atlassian Co. (NASDAQ:TEAM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Atlassian Co. (NASDAQ:TEAM) by 18.8% in the third quarter, Holdings Channel reports. The firm owned 269,610 shares of the technology company’s stock after selling 62,218 shares during the period. New York State Common Retirement Fund’s holdings in Atlassian were worth $42,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TEAM. Asset Dedication LLC boosted its stake in Atlassian by 229.8% in the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock worth $27,000 after purchasing an additional 108 shares in the last quarter. Trust Co. of Vermont boosted its stake in Atlassian by 2,175.0% in the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Atlassian in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC boosted its stake in Atlassian by 68.6% in the 3rd quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock worth $37,000 after purchasing an additional 96 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Atlassian in the 1st quarter worth approximately $40,000. 93.03% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $224.35 on Friday. The firm has a market cap of $58.34 billion, a PE ratio of -147.60 and a beta of 0.71. The firm has a fifty day moving average of $173.30 and a 200 day moving average of $171.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. Atlassian Co. has a one year low of $135.29 and a one year high of $258.69.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.38%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) EPS. As a group, research analysts predict that Atlassian Co. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

TEAM has been the subject of a number of recent research reports. Mizuho raised their price target on shares of Atlassian from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday. Baird R W lowered shares of Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets raised their price target on shares of Atlassian from $177.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday. Oppenheimer raised their price target on shares of Atlassian from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group raised their price target on shares of Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and a consensus target price of $243.16.

Insider Buying and Selling

In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, September 20th. The shares were sold at an average price of $163.11, for a total transaction of $123,963.60. Following the sale, the president now owns 143,966 shares of the company’s stock, valued at $23,482,294.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Atlassian news, CEO Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $140.54, for a total transaction of $1,117,011.92. Following the sale, the chief executive officer now owns 294,076 shares of the company’s stock, valued at $41,329,441.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, September 20th. The stock was sold at an average price of $163.11, for a total transaction of $123,963.60. Following the sale, the president now directly owns 143,966 shares in the company, valued at approximately $23,482,294.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,185 shares of company stock valued at $39,155,661. 38.55% of the stock is owned by corporate insiders.

About Atlassian

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.