OmniStar Financial Group Inc. purchased a new position in shares of Atlassian Co. PLC (NASDAQ:TEAM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,086 shares of the technology company’s stock, valued at approximately $262,000.
Several other hedge funds have also modified their holdings of TEAM. Creative Financial Designs Inc. ADV acquired a new position in shares of Atlassian in the 2nd quarter valued at $26,000. Captrust Financial Advisors increased its position in shares of Atlassian by 233.3% in the 2nd quarter. Captrust Financial Advisors now owns 300 shares of the technology company’s stock valued at $39,000 after acquiring an additional 210 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Atlassian in the 2nd quarter valued at $41,000. CWM LLC acquired a new position in shares of Atlassian in the 2nd quarter valued at $43,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Atlassian by 1,870.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 394 shares of the technology company’s stock valued at $52,000 after acquiring an additional 374 shares during the period. 87.20% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:TEAM traded up $1.61 during mid-day trading on Friday, hitting $127.48. The company’s stock had a trading volume of 715,036 shares, compared to its average volume of 1,587,143. Atlassian Co. PLC has a 1 year low of $65.17 and a 1 year high of $149.80. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of -749.88, a PEG ratio of 89.82 and a beta of 1.31. The business’s fifty day moving average is $131.79 and its two-hundred day moving average is $127.81.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.26. Atlassian had a negative net margin of 52.69% and a negative return on equity of 2.45%. The company had revenue of $334.59 million for the quarter, compared to analyst estimates of $330.60 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 35.7% on a year-over-year basis. On average, equities research analysts predict that Atlassian Co. PLC will post 0.09 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. SunTrust Banks assumed coverage on Atlassian in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $162.00 target price on the stock. Deutsche Bank upped their target price on Atlassian from $114.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, June 13th. Jefferies Financial Group upped their target price on Atlassian from $105.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, July 26th. They noted that the move was a valuation call. ValuEngine downgraded Atlassian from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub raised Atlassian from a “hold” rating to a “buy” rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $139.75.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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