Atlassian Co. (NASDAQ:TEAM) Shares Bought by Bokf Na

Bokf Na grew its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 15.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,047 shares of the technology company’s stock after acquiring an additional 955 shares during the period. Bokf Na’s holdings in Atlassian were worth $1,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in Atlassian by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company’s stock valued at $2,094,980,000 after purchasing an additional 1,511,318 shares during the period. Norges Bank acquired a new stake in Atlassian during the 4th quarter valued at $247,740,000. Vanguard Group Inc. raised its stake in Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock valued at $3,652,495,000 after purchasing an additional 504,181 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Atlassian by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,237,507 shares of the technology company’s stock valued at $2,435,095,000 after purchasing an additional 326,673 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Atlassian during the 1st quarter valued at $55,307,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

Insider Activity at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $169.47, for a total value of $1,346,947.56. Following the completion of the sale, the chief executive officer now owns 373,556 shares in the company, valued at $63,306,535.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Gene Liu sold 199 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $184.25, for a total value of $36,665.75. Following the completion of the transaction, the chief accounting officer now owns 45,666 shares of the company’s stock, valued at $8,413,960.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $169.47, for a total transaction of $1,346,947.56. Following the completion of the transaction, the chief executive officer now directly owns 373,556 shares of the company’s stock, valued at approximately $63,306,535.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 267,923 shares of company stock worth $46,388,282. Company insiders own 40.48% of the company’s stock.

Atlassian Stock Performance

TEAM stock traded up $2.76 during mid-day trading on Monday, reaching $180.08. 129,771 shares of the stock traded hands, compared to its average volume of 1,697,100. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82. Atlassian Co. has a 52 week low of $152.34 and a 52 week high of $258.69. The business has a 50-day moving average of $170.19 and a two-hundred day moving average of $193.56. The firm has a market capitalization of $46.87 billion, a PE ratio of -281.46 and a beta of 0.74.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned ($0.40) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. As a group, equities analysts predict that Atlassian Co. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TEAM shares. Oppenheimer dropped their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Citigroup dropped their price target on shares of Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $235.00 to $275.00 in a research note on Thursday, April 11th. StockNews.com downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Mizuho dropped their price target on shares of Atlassian from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $228.81.

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.