1,067 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by Wealth Architects LLC

Wealth Architects LLC bought a new position in Atlassian Co. (NASDAQ:TEAM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,067 shares of the technology company’s stock, valued at approximately $260,000.

A number of other institutional investors also recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC bought a new position in Atlassian in the 4th quarter worth $708,000. Parallel Advisors LLC increased its stake in Atlassian by 3.9% in the 4th quarter. Parallel Advisors LLC now owns 1,702 shares of the technology company’s stock worth $414,000 after buying an additional 64 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Atlassian by 9.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,022 shares of the technology company’s stock worth $2,439,000 after buying an additional 865 shares in the last quarter. Natixis Advisors LLC increased its stake in Atlassian by 35.6% in the 4th quarter. Natixis Advisors LLC now owns 146,723 shares of the technology company’s stock worth $35,709,000 after buying an additional 38,486 shares in the last quarter. Finally, Sienna Gestion purchased a new stake in Atlassian in the 4th quarter worth $4,298,000. 94.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TEAM has been the subject of a number of analyst reports. Oppenheimer increased their price target on Atlassian from $300.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Piper Sandler increased their price target on Atlassian from $310.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup increased their price target on Atlassian from $255.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. KeyCorp increased their price target on Atlassian from $315.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Scotiabank raised their price objective on Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.71.

Insider Activity

In related news, CAO Gene Liu sold 568 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $312.08, for a total value of $177,261.44. Following the completion of the transaction, the chief accounting officer now owns 52,142 shares of the company’s stock, valued at $16,272,475.36. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $258.33, for a total transaction of $2,053,206.84. Following the completion of the transaction, the director now directly owns 63,584 shares of the company’s stock, valued at $16,425,654.72. This trade represents a 11.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,553 shares of company stock valued at $71,956,546. Corporate insiders own 38.55% of the company’s stock.

Atlassian Stock Up 1.2 %

Shares of NASDAQ TEAM opened at $220.98 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $57.90 billion, a P/E ratio of -164.91 and a beta of 0.91. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00. The firm has a 50-day simple moving average of $272.77 and a two-hundred day simple moving average of $235.08.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Research analysts anticipate that Atlassian Co. will post -0.34 earnings per share for the current year.

About Atlassian

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.