Atlassian Corporation PLC $TEAM is Oberndorf William E’s 7th Largest Position

Oberndorf William E trimmed its stake in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 32.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,394 shares of the technology company’s stock after selling 16,998 shares during the quarter. Atlassian comprises 7.6% of Oberndorf William E’s investment portfolio, making the stock its 7th biggest holding. Oberndorf William E’s holdings in Atlassian were worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Capital International Sarl grew its position in Atlassian by 1.0% in the 3rd quarter. Capital International Sarl now owns 66,064 shares of the technology company’s stock valued at $10,550,000 after buying an additional 622 shares during the last quarter. Capital International Ltd. CA increased its stake in Atlassian by 1.8% in the 3rd quarter. Capital International Ltd. CA now owns 39,611 shares of the technology company’s stock valued at $6,326,000 after buying an additional 705 shares during the period. Fieldview Capital Management LLC acquired a new stake in shares of Atlassian in the 3rd quarter worth $546,000. Inceptionr LLC acquired a new position in shares of Atlassian during the third quarter worth about $737,000. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in Atlassian by 33.5% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 10,490 shares of the technology company’s stock worth $1,675,000 after purchasing an additional 2,630 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total value of $1,240,120.35. Following the transaction, the director directly owned 99,645 shares of the company’s stock, valued at approximately $16,121,564.55. This trade represents a 7.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $161.79, for a total value of $1,240,120.35. Following the sale, the chief executive officer owned 107,310 shares of the company’s stock, valued at $17,361,684.90. The trade was a 6.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 374,461 shares of company stock valued at $53,152,830 over the last quarter. Insiders own 36.66% of the company’s stock.

Atlassian Price Performance

TEAM stock opened at $82.04 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $110.98 and its 200 day moving average price is $143.37. The firm has a market cap of $21.64 billion, a P/E ratio of -113.94, a PEG ratio of 331.23 and a beta of 0.94. Atlassian Corporation PLC has a 1 year low of $67.85 and a 1 year high of $242.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, sell-side analysts expect that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research cut Atlassian from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. BTIG Research cut their price objective on Atlassian from $220.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, January 21st. BMO Capital Markets set a $130.00 price target on shares of Atlassian and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Barclays lowered their target price on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.32.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.