Anutthara Bharadwaj Sells 4,560 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 4,560 shares of Atlassian stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $225.45, for a total transaction of $1,028,052.00. Following the transaction, the president now directly owns 224,436 shares in the company, valued at approximately $50,599,096.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, October 18th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $188.79, for a total value of $143,480.40.
• On Friday, September 20th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $163.11, for a total value of $123,963.60.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $221.58 on Wednesday. The stock has a market capitalization of $57.62 billion, a P/E ratio of -145.78 and a beta of 0.71. The firm’s 50-day moving average price is $175.52 and its two-hundred day moving average price is $171.52. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $258.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative return on equity of 23.38% and a negative net margin of 8.59%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. As a group, sell-side analysts forecast that Atlassian Co. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TEAM shares. Jefferies Financial Group upped their price target on Atlassian from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Atlassian from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Raymond James boosted their price objective on shares of Atlassian from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Capital One Financial upgraded Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price target on the stock in a research note on Thursday, July 11th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.16.

Institutional Trading of Atlassian

Hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in shares of Atlassian by 37.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock valued at $306,000 after purchasing an additional 520 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Atlassian by 2.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 175,350 shares of the technology company’s stock valued at $34,213,000 after acquiring an additional 3,687 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Atlassian during the 3rd quarter worth $97,350,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Atlassian in the second quarter worth $12,846,000. Finally, Burney Co. bought a new stake in shares of Atlassian during the first quarter valued at about $1,095,000. 93.03% of the stock is currently owned by institutional investors.

Atlassian Company 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.