Atlassian Co. (NASDAQ:TEAM) Stock Position Raised by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC raised its position in Atlassian Co. (NASDAQ:TEAM) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,037 shares of the technology company’s stock after acquiring an additional 154 shares during the quarter. Atlassian makes up approximately 18.7% of Catalyst Private Wealth LLC’s portfolio, making the stock its biggest position. Catalyst Private Wealth LLC owned 0.09% of Atlassian worth $38,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Atlassian by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company’s stock worth $3,039,287,000 after purchasing an additional 221,650 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after buying an additional 904,138 shares during the period. Dragoneer Investment Group LLC purchased a new position in Atlassian in the second quarter worth approximately $469,803,000. Capital International Investors grew its holdings in Atlassian by 6.3% during the 1st quarter. Capital International Investors now owns 2,436,567 shares of the technology company’s stock worth $475,399,000 after acquiring an additional 144,117 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Atlassian by 6.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,070,928 shares of the technology company’s stock valued at $404,059,000 after purchasing an additional 130,253 shares during the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TEAM. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Truist Financial increased their price objective on Atlassian from $160.00 to $200.00 and gave the company a “hold” rating in a report on Friday. Robert W. Baird boosted their target price on Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Atlassian from $177.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Capital One Financial raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 target price on the stock in a research report on Thursday, July 11th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $243.16.

Atlassian Trading Down 1.1 %

Shares of TEAM stock traded down $2.31 during trading hours on Tuesday, reaching $216.65. 490,873 shares of the company’s stock were exchanged, compared to its average volume of 1,826,196. 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 1 year low of $135.29 and a 1 year high of $258.69. The company’s 50 day moving average is $174.38 and its two-hundred day moving average is $171.31.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share (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 23.38% and a negative net margin of 8.59%. Atlassian’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Analysts anticipate that Atlassian Co. will post -0.58 earnings per share for the current year.

Insider Buying and Selling

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $141.23, for a total value of $1,122,496.04. Following the completion of the transaction, the chief executive officer now directly owns 278,180 shares of the company’s stock, valued at approximately $39,287,361.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, President Anutthara Bharadwaj sold 4,560 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $1,028,052.00. Following the sale, the president now directly owns 224,436 shares of the company’s stock, valued at approximately $50,599,096.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $141.23, for a total transaction of $1,122,496.04. Following the completion of the sale, the chief executive officer now directly owns 278,180 shares in the company, valued at $39,287,361.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 237,269 shares of company stock valued at $41,382,072. Corporate insiders own 38.55% of the company’s stock.

Atlassian Profile

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.