Anutthara Bharadwaj Sells 760 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $193.63, for a total value of $147,158.80. Following the sale, the president now owns 162,610 shares in the company, valued at approximately $31,486,174.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, April 23rd, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $200.00, for a total value of $152,000.00.
• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The stock was sold at an average price of $201.05, for a total value of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The shares were sold at an average price of $204.40, for a total value of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The shares were sold at an average price of $212.87, for a total value of $881,068.93.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $199.01 on Thursday. Atlassian Co. has a 1-year low of $128.02 and a 1-year high of $258.69. The business has a 50-day moving average of $200.84 and a 200-day moving average of $206.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of -133.56 and a beta of 0.63.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities analysts anticipate that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TEAM. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Truist Financial boosted their price target on Atlassian from $180.00 to $220.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Citigroup cut their price target on Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. The Goldman Sachs Group boosted their price target on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Mizuho cut their price target on Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a report on Monday, April 15th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $224.25.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently modified their holdings of TEAM. CENTRAL TRUST Co boosted its holdings in Atlassian by 4.2% in the first quarter. CENTRAL TRUST Co now owns 7,517 shares of the technology company’s stock valued at $1,467,000 after purchasing an additional 304 shares during the last quarter. Dakota Wealth Management boosted its holdings in Atlassian by 15.1% in the first quarter. Dakota Wealth Management now owns 7,097 shares of the technology company’s stock valued at $1,385,000 after purchasing an additional 930 shares during the last quarter. Simplicity Wealth LLC purchased a new position in Atlassian in the first quarter valued at about $482,000. Assenagon Asset Management S.A. boosted its holdings in Atlassian by 126.9% in the first quarter. Assenagon Asset Management S.A. now owns 31,618 shares of the technology company’s stock valued at $6,169,000 after purchasing an additional 17,681 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its holdings in Atlassian by 8.6% in the first quarter. Moody Lynn & Lieberson LLC now owns 24,161 shares of the technology company’s stock valued at $4,714,000 after purchasing an additional 1,917 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

About Atlassian

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.