Atlassian Co. (NASDAQ:TEAM) Shares Purchased by Axa S.A.

Axa S.A. lifted its position in shares of Atlassian Co. (NASDAQ:TEAM) by 6.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,702 shares of the technology company’s stock after purchasing an additional 841 shares during the quarter. Axa S.A.’s holdings in Atlassian were worth $2,424,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alight Capital Management LP purchased a new position in Atlassian in the 2nd quarter worth approximately $2,299,000. Alpha DNA Investment Management LLC increased its stake in Atlassian by 13.7% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 5,139 shares of the technology company’s stock worth $909,000 after buying an additional 619 shares during the period. Toronto Dominion Bank increased its stake in Atlassian by 7.5% during the 2nd quarter. Toronto Dominion Bank now owns 17,238 shares of the technology company’s stock worth $3,049,000 after buying an additional 1,201 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Atlassian by 62.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,135 shares of the technology company’s stock worth $5,330,000 after acquiring an additional 11,628 shares during the last quarter. Finally, Interval Partners LP acquired a new position in shares of Atlassian in the second quarter worth about $1,924,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TEAM shares. Capital One Financial upgraded Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 target price for the company in a research note on Thursday, July 11th. The Goldman Sachs Group raised Atlassian from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a report on Friday, August 2nd. Wells Fargo & Company lowered their price target on Atlassian from $285.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, June 21st. StockNews.com cut shares of Atlassian from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $230.00 target price on shares of Atlassian in a report on Monday, September 23rd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.69.

Atlassian Trading Down 1.5 %

Shares of TEAM stock opened at $158.81 on Tuesday. The stock’s fifty day simple moving average is $160.31 and its 200-day simple moving average is $173.53. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $258.69.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned ($0.21) EPS. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, sell-side analysts expect that Atlassian Co. will post -0.58 earnings per share for the current fiscal year.

Insider Activity

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $161.30, for a total value of $1,282,012.40. Following the completion of the sale, the chief executive officer now owns 7,948 shares of the company’s stock, valued at $1,282,012.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $175.00, for a total value of $133,000.00. Following the transaction, the president now directly owns 152,534 shares of the company’s stock, valued at approximately $26,693,450. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $161.30, for a total value of $1,282,012.40. Following the completion of the sale, the chief executive officer now directly owns 7,948 shares of the company’s stock, valued at $1,282,012.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 232,211 shares of company stock worth $38,706,904. 40.48% of the stock is owned by corporate insiders.

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.