Atlassian Co. (NASDAQ:TEAM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lowered its position in shares of Atlassian Co. (NASDAQ:TEAM) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,334 shares of the technology company’s stock after selling 113 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Atlassian were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Atlassian by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,677 shares of the technology company’s stock worth $123,373,000 after acquiring an additional 25,351 shares during the period. Peregrine Asset Advisers Inc. acquired a new position in shares of Atlassian in the 4th quarter valued at about $1,976,000. Lincoln National Corp lifted its holdings in shares of Atlassian by 8.3% in the 4th quarter. Lincoln National Corp now owns 3,133 shares of the technology company’s stock valued at $745,000 after buying an additional 240 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Atlassian by 9.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 12,062 shares of the technology company’s stock valued at $2,869,000 after buying an additional 1,013 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Atlassian by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 4,056 shares of the technology company’s stock valued at $965,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TEAM shares. William Blair reissued an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. Robert W. Baird decreased their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, April 26th. TD Cowen decreased their price objective on Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wells Fargo & Company lifted their price target on Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, KeyCorp started coverage on Atlassian in a report on Tuesday, March 19th. They issued a “sector weight” rating for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $223.22.

Atlassian Stock Up 0.7 %

Shares of TEAM stock traded up $1.33 during trading on Thursday, reaching $179.85. The company’s stock had a trading volume of 776,765 shares, compared to its average volume of 1,746,314. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of -285.48 and a beta of 0.67. Atlassian Co. has a 1-year low of $132.32 and a 1-year high of $258.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50-day moving average price is $195.77 and its 200 day moving average price is $205.78.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned ($0.40) earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. On average, research analysts anticipate that Atlassian Co. will post -0.29 EPS for the current year.

Insider Transactions at Atlassian

In other news, CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the sale, the chief executive officer now owns 263,712 shares of the company’s stock, valued at $57,573,603.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the sale, the chief executive officer now owns 263,712 shares of the company’s stock, valued at $57,573,603.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 4,139 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total value of $881,068.93. Following the sale, the president now directly owns 167,535 shares in the company, valued at approximately $35,663,175.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 300,450 shares of company stock valued at $59,641,278. 40.48% of the stock is currently owned by company 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.