Profund Advisors LLC Acquires 2,894 Shares of Atlassian Co. (NASDAQ:TEAM)

Profund Advisors LLC lifted its holdings in shares of Atlassian Co. (NASDAQ:TEAMFree Report) by 15.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,117 shares of the technology company’s stock after purchasing an additional 2,894 shares during the period. Profund Advisors LLC’s holdings in Atlassian were worth $5,023,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Graypoint LLC grew its holdings in shares of Atlassian by 2.4% during the fourth quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock worth $424,000 after purchasing an additional 42 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Atlassian by 1.4% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock worth $736,000 after purchasing an additional 43 shares during the last quarter. Park National Corp OH grew its holdings in shares of Atlassian by 3.5% during the fourth quarter. Park National Corp OH now owns 1,439 shares of the technology company’s stock worth $342,000 after purchasing an additional 48 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Atlassian by 5.7% during the fourth quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock worth $248,000 after purchasing an additional 56 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in shares of Atlassian by 1.0% during the third quarter. Personal CFO Solutions LLC now owns 6,136 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 93.03% of the company’s stock.

Analyst Ratings Changes

TEAM has been the topic of several research reports. Piper Sandler cut their price target on Atlassian from $225.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. StockNews.com raised Atlassian from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Canaccord Genuity Group cut their price target on Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, KeyCorp initiated coverage on Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating on the stock. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and a consensus price target of $223.22.

Get Our Latest Stock Analysis on Atlassian

Atlassian Stock Down 4.2 %

TEAM stock traded down $6.81 during mid-day trading on Thursday, reaching $156.02. The company had a trading volume of 1,737,969 shares, compared to its average volume of 1,755,990. 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 has a 50 day simple moving average of $180.13 and a two-hundred day simple moving average of $203.66. The company has a market capitalization of $40.61 billion, a price-to-earnings ratio of -247.65 and a beta of 0.73. Atlassian Co. has a 52 week low of $154.02 and a 52 week high of $258.69.

Atlassian (NASDAQ:TEAMGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.27. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. As a group, equities analysts predict that Atlassian Co. will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $197.83, for a total value of $1,630,317.03. Following the completion of the sale, the chief executive officer now directly owns 74,169 shares of the company’s stock, valued at $14,672,853.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Scott Farquhar sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $162.20, for a total value of $1,289,165.60. Following the completion of the sale, the chief executive officer now directly owns 103,324 shares of the company’s stock, valued at $16,759,152.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $197.83, for a total value of $1,630,317.03. Following the completion of the sale, the chief executive officer now directly owns 74,169 shares of the company’s stock, valued at $14,672,853.27. The disclosure for this sale can be found here. Insiders sold a total of 290,906 shares of company stock valued at $53,794,144 over the last three months. Insiders own 40.48% of the company’s stock.

Atlassian Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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