Atlassian Co. (NASDAQ:TEAM) President Sells $143,480.40 in Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $188.79, for a total value of $143,480.40. Following the completion of the transaction, the president now directly owns 228,996 shares in the company, valued at $43,232,154.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 Up 0.5 %

Shares of NASDAQ:TEAM opened at $193.87 on Wednesday. The firm has a market cap of $50.41 billion, a P/E ratio of -167.13 and a beta of 0.73. 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 Co. has a 12-month low of $135.29 and a 12-month high of $258.69. The business has a fifty day simple moving average of $166.97 and a 200 day simple moving average of $171.54.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. Atlassian’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the company earned ($0.21) EPS. Analysts predict that Atlassian Co. will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. grew its holdings in Atlassian by 1.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,693 shares of the technology company’s stock worth $721,000 after acquiring an additional 55 shares during the period. Financial Advocates Investment Management grew its holdings in Atlassian by 1.7% during the 2nd quarter. Financial Advocates Investment Management now owns 3,745 shares of the technology company’s stock worth $662,000 after acquiring an additional 62 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Atlassian by 1.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the technology company’s stock worth $890,000 after acquiring an additional 65 shares during the period. Daiwa Securities Group Inc. grew its holdings in Atlassian by 0.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 19,544 shares of the technology company’s stock worth $3,813,000 after acquiring an additional 72 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in Atlassian by 2.1% during the 1st quarter. SkyView Investment Advisors LLC now owns 3,971 shares of the technology company’s stock worth $775,000 after acquiring an additional 80 shares during the period. 93.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TEAM. Morgan Stanley upped their target price on Atlassian from $216.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Piper Sandler raised Atlassian from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $225.00 in a research report on Tuesday, July 2nd. Oppenheimer reissued an “outperform” rating and set a $230.00 price target on shares of Atlassian in a research report on Monday, September 23rd. Capital One Financial raised Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price target on the stock in a research report on Thursday, July 11th. Finally, Baird R W downgraded Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.47.

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.