58,038 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of Atlassian Co. (NASDAQ:TEAM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,038 shares of the technology company’s stock, valued at approximately $13,805,000.

Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Atlassian by 2.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 45,010 shares of the technology company’s stock valued at $9,070,000 after purchasing an additional 1,168 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Atlassian by 8.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,550 shares of the technology company’s stock worth $1,521,000 after acquiring an additional 561 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Atlassian by 4.0% in the third quarter. Independent Advisor Alliance now owns 2,691 shares of the technology company’s stock valued at $542,000 after acquiring an additional 104 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Atlassian by 2.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 73,500 shares of the technology company’s stock valued at $14,811,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Atlassian by 11.5% during the third quarter. Lindbrook Capital LLC now owns 1,781 shares of the technology company’s stock worth $359,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Insider Buying and Selling at Atlassian

In other news, CEO Scott Farquhar sold 8,241 shares of Atlassian stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $218.32, for a total value of $1,799,175.12. Following the completion of the sale, the chief executive officer now directly owns 263,712 shares in the company, valued at $57,573,603.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Scott Farquhar sold 8,241 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $218.32, for a total value of $1,799,175.12. Following the transaction, the chief executive officer now directly owns 263,712 shares in the company, valued at approximately $57,573,603.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Rajeev Bashyam Rajan sold 872 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $212.87, for a total value of $185,622.64. Following the sale, the chief technology officer now owns 142,103 shares of the company’s stock, valued at approximately $30,249,465.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 300,450 shares of company stock worth $60,110,850. Company insiders own 40.48% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price target on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. UBS Group reduced their price objective on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. StockNews.com raised shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Citigroup decreased their price target on shares of Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $223.22.

Atlassian Trading Down 0.0 %

NASDAQ:TEAM opened at $183.52 on Friday. Atlassian Co. has a 52 week low of $128.02 and a 52 week high of $258.69. The stock has a market cap of $47.61 billion, a price-to-earnings ratio of -291.30 and a beta of 0.67. The company’s 50 day moving average price is $197.23 and its 200-day moving average price is $205.98. The company has a quick ratio of 1.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned ($0.40) EPS. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities research analysts forecast that Atlassian Co. will post -0.29 earnings per share for the current fiscal year.

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.