Machina Capital S.A.S. Buys 168 Shares of Atlassian Co. (NASDAQ:TEAM)

Machina Capital S.A.S. grew its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,238 shares of the technology company’s stock after buying an additional 168 shares during the period. Machina Capital S.A.S.’s holdings in Atlassian were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEAM. True Wealth Design LLC boosted its holdings in Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after buying an additional 231 shares during the last quarter. Avion Wealth boosted its holdings in Atlassian by 1,308.3% during the fourth quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after buying an additional 157 shares during the last quarter. Assetmark Inc. boosted its holdings in Atlassian by 30.6% during the fourth quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock worth $43,000 after buying an additional 41 shares during the last quarter. Mainstream Capital Management LLC bought a new position in Atlassian during the fourth quarter worth about $49,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Atlassian during the fourth quarter worth about $56,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Stock Down 4.7 %

TEAM stock opened at $238.86 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $276.11 and a two-hundred day moving average price of $231.65. The company has a market cap of $62.58 billion, a price-to-earnings ratio of -178.25 and a beta of 0.87. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Analysts anticipate that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $236.89, for a total transaction of $1,882,801.72. Following the completion of the transaction, the chief executive officer now directly owns 421,244 shares in the company, valued at approximately $99,788,491.16. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Anutthara Bharadwaj sold 1,520 shares of Atlassian stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $254.76, for a total value of $387,235.20. Following the transaction, the president now owns 211,991 shares of the company’s stock, valued at $54,006,827.16. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 272,501 shares of company stock worth $74,977,422. 38.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEAM has been the topic of a number of research analyst reports. Cantor Fitzgerald raised their price target on Atlassian from $264.00 to $304.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. UBS Group raised their price target on Atlassian from $275.00 to $330.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research report on Friday, January 31st. StockNews.com lowered Atlassian from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $319.71.

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.