11,343 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in Atlassian Co. (NASDAQ:TEAM) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 11,343 shares of the technology company’s stock, valued at approximately $2,006,000.

Other large investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its stake in shares of Atlassian by 1.5% during the first 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. Park National Corp OH increased its position in Atlassian by 4.0% during the 1st quarter. Park National Corp OH now owns 1,497 shares of the technology company’s stock worth $292,000 after purchasing an additional 58 shares during the period. Financial Advocates Investment Management raised its stake in shares of 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 buying an additional 62 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Atlassian by 1.4% in the first quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the technology company’s stock valued at $890,000 after buying an additional 65 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Atlassian by 6.8% during the first quarter. UMB Bank n.a. now owns 1,112 shares of the technology company’s stock worth $217,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Atlassian Stock Down 1.2 %

Shares of NASDAQ TEAM opened at $161.22 on Monday. The firm’s 50 day moving average price is $160.31 and its 200 day moving average price is $173.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $41.92 billion, a P/E ratio of -255.90 and a beta of 0.73. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $258.69.

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

Insider Transactions at Atlassian

In related news, CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $186.48, for a total value of $1,482,143.04. Following the completion of the sale, the chief executive officer now directly owns 476,880 shares in the company, valued at $88,928,582.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $186.48, for a total transaction of $1,482,143.04. Following the completion of the sale, the chief executive officer now directly owns 476,880 shares of the company’s stock, valued at approximately $88,928,582.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajeev Bashyam Rajan sold 199 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.08, for a total value of $29,069.92. Following the sale, the chief technology officer now owns 128,957 shares of the company’s stock, valued at $18,838,038.56. The disclosure for this sale can be found here. Insiders have sold a total of 224,263 shares of company stock worth $37,424,892 in the last three months. Company insiders own 40.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TEAM shares. StockNews.com downgraded Atlassian from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Oppenheimer reiterated an “outperform” rating and set a $230.00 price target on shares of Atlassian in a research report on Monday, September 23rd. JMP Securities upgraded Atlassian to a “hold” rating in a report on Friday, August 2nd. Baird R W cut Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Mizuho lowered their target price on Atlassian from $225.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Atlassian presently has an average rating of “Moderate Buy” and an average target price of $217.69.

Atlassian 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.