Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 1,520 Shares

Atlassian Co. (NASDAQ:TEAMGet Free Report) President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $312.58, for a total value of $475,121.60. Following the completion of the transaction, the president now owns 201,657 shares of the company’s stock, valued at approximately $63,033,945.06. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anutthara Bharadwaj also recently made the following trade(s):

  • On Friday, January 17th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $259.85, for a total value of $394,972.00.
  • On Friday, December 20th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $254.76, for a total value of $387,235.20.
  • On Tuesday, November 19th, Anutthara Bharadwaj sold 1,659 shares of Atlassian stock. The shares were sold at an average price of $245.81, for a total value of $407,798.79.

Atlassian Price Performance

Atlassian stock opened at $313.10 on Friday. The stock has a market capitalization of $82.03 billion, a P/E ratio of -233.65 and a beta of 0.87. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $326.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.18 and a current ratio of 1.24. The stock has a fifty day moving average of $270.09 and a 200-day moving average of $218.10.

Atlassian (NASDAQ:TEAMGet Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. On average, sell-side analysts expect that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently bought and sold shares of TEAM. Virtu Financial LLC bought a new stake in shares of Atlassian in the 3rd quarter valued at about $606,000. Sequoia Financial Advisors LLC grew its position in shares of Atlassian by 37.0% in the 3rd 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. Fulton Bank N.A. bought a new stake in shares of Atlassian in the 4th quarter valued at about $447,000. Paloma Partners Management Co bought a new stake in shares of Atlassian in the 3rd quarter valued at about $1,588,000. Finally, Impax Asset Management Group plc grew its position in shares of 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 buying an additional 31,986 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TEAM. The Goldman Sachs Group lifted their target price on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. William Blair reiterated an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Morgan Stanley lifted their target price on Atlassian from $315.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, KeyCorp lifted their target price on Atlassian from $315.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $319.71.

Check Out Our Latest Stock Report on TEAM

About Atlassian

(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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