Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Atlassian Co. (NASDAQ:TEAM) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,412,954 shares of the technology company’s stock after acquiring an additional 14,698 shares during the quarter. Vanguard Group Inc. owned 0.06% of Atlassian worth $3,994,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TEAM. True Wealth Design LLC increased its position in Atlassian by 23,100.0% during the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after purchasing an additional 231 shares in the last quarter. Avion Wealth increased its position in shares of Atlassian by 1,308.3% in the fourth quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after acquiring an additional 157 shares in the last quarter. Assetmark Inc. raised its stake in shares of Atlassian by 30.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock valued at $43,000 after acquiring an additional 41 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of Atlassian during the 4th quarter valued at $49,000. Finally, Kestra Investment Management LLC purchased a new stake in Atlassian during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TEAM. Barclays boosted their price objective on Atlassian from $275.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group upped their price target on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. KeyCorp increased their price objective on shares of Atlassian from $315.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Oppenheimer raised their price target on shares of Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.77.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $234.62 on Tuesday. The stock has a market capitalization of $61.47 billion, a P/E ratio of -175.09 and a beta of 0.91. The firm’s 50-day moving average price is $271.21 and its two-hundred day moving average price is $237.32. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81.

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

Insider Transactions at Atlassian

In other Atlassian 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 transaction of $394,972.00. Following the completion of the transaction, the president now owns 210,471 shares in the company, valued at approximately $54,690,889.35. The trade was a 0.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $226.93, for a total value of $1,803,639.64. Following the transaction, the chief executive officer now directly owns 55,636 shares in the company, valued at $12,625,477.48. This trade represents a 12.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,085 shares of company stock worth $68,986,450. 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.