Anutthara Bharadwaj Sells 3,594 Shares of Atlassian Co. Plc (NASDAQ:TEAM) Stock

Atlassian Co. Plc (NASDAQ:TEAMGet Rating) COO Anutthara Bharadwaj sold 3,594 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $115.37, for a total value of $414,639.78. Following the sale, the chief operating officer now owns 106,160 shares of the company’s stock, valued at approximately $12,247,679.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anutthara Bharadwaj also recently made the following trade(s):

  • On Monday, November 14th, Anutthara Bharadwaj sold 1,675 shares of Atlassian stock. The shares were sold at an average price of $134.92, for a total value of $225,991.00.

Atlassian Trading Up 7.0 %

Shares of NASDAQ TEAM opened at $124.50 on Friday. The business has a 50-day moving average of $185.23 and a 200-day moving average of $203.39. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.25. Atlassian Co. Plc has a fifty-two week low of $113.86 and a fifty-two week high of $404.68.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.46. The company had revenue of $807.39 million during the quarter, compared to analysts’ expectations of $806.42 million. Atlassian had a negative return on equity of 71.10% and a negative net margin of 7.60%. Atlassian’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. As a group, sell-side analysts anticipate that Atlassian Co. Plc will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlassian

Hedge funds have recently bought and sold shares of the company. National Asset Management Inc. lifted its stake in Atlassian by 20.7% in the 1st quarter. National Asset Management Inc. now owns 1,409 shares of the technology company’s stock valued at $415,000 after purchasing an additional 242 shares during the last quarter. Assetmark Inc. lifted its stake in Atlassian by 24.3% in the 2nd quarter. Assetmark Inc. now owns 5,634 shares of the technology company’s stock valued at $1,056,000 after purchasing an additional 1,102 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Atlassian by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 43,172 shares of the technology company’s stock valued at $8,090,000 after purchasing an additional 350 shares during the last quarter. Wealthsource Partners LLC lifted its stake in Atlassian by 18.1% in the 2nd quarter. Wealthsource Partners LLC now owns 1,629 shares of the technology company’s stock valued at $305,000 after purchasing an additional 250 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Atlassian by 5.1% in the 1st quarter. CIBC Asset Management Inc now owns 15,865 shares of the technology company’s stock valued at $4,662,000 after purchasing an additional 776 shares during the last quarter. 87.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup cut their price target on Atlassian from $375.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Macquarie lowered Atlassian from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $287.00 to $147.00 in a research note on Friday, November 4th. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, November 4th. Robert W. Baird decreased their target price on Atlassian from $380.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Finally, Wolfe Research lifted their target price on Atlassian from $240.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.00.

About Atlassian

(Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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