Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 2,470 Shares

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 2,470 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $208.44, for a total value of $514,846.80. Following the sale, the president now directly owns 188,629 shares of the company’s stock, valued at approximately $39,317,828.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 21st, Anutthara Bharadwaj sold 2,548 shares of Atlassian stock. The shares were sold at an average price of $184.35, for a total value of $469,723.80.
• On Friday, August 18th, Anutthara Bharadwaj sold 2,470 shares of Atlassian stock. The stock was sold at an average price of $181.81, for a total transaction of $449,070.70.
• On Monday, August 14th, Anutthara Bharadwaj sold 4,739 shares of Atlassian stock. The stock was sold at an average price of $199.99, for a total transaction of $947,752.61.
• On Friday, July 21st, Anutthara Bharadwaj sold 2,470 shares of Atlassian stock. The shares were sold at an average price of $176.98, for a total transaction of $437,140.60.

Atlassian Trading Up 0.9 %

NASDAQ TEAM traded up $1.85 on Monday, hitting $204.88. 1,114,372 shares of the stock were exchanged, compared to its average volume of 1,998,075. Atlassian Co. has a 52-week low of $113.86 and a 52-week high of $246.15. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average price of $190.17 and a two-hundred day moving average price of $171.36. The firm has a market capitalization of $52.73 billion, a P/E ratio of -107.42 and a beta of 0.70.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.04. The business had revenue of $939.10 million during the quarter, compared to the consensus estimate of $911.23 million. Atlassian had a negative net margin of 13.77% and a negative return on equity of 61.15%. Research analysts forecast that Atlassian Co. will post -0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reissued an “overweight” rating and set a $185.00 price target on shares of Atlassian in a report on Friday, August 4th. BMO Capital Markets boosted their price target on Atlassian from $180.00 to $220.00 and gave the stock a “market perform” rating in a report on Friday, August 4th. Truist Financial increased their price objective on shares of Atlassian from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, August 4th. KeyCorp lifted their price objective on shares of Atlassian from $175.00 to $205.00 in a research report on Tuesday, July 18th. Finally, Berenberg Bank initiated coverage on shares of Atlassian in a research report on Thursday, June 29th. They set a “hold” rating and a $150.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Atlassian has a consensus rating of “Moderate Buy” and a consensus target price of $199.81.

Institutional Trading of Atlassian

Hedge funds and other institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC grew its holdings in shares of Atlassian by 0.5% in the second quarter. Park Avenue Securities LLC now owns 14,544 shares of the technology company’s stock worth $2,441,000 after purchasing an additional 67 shares during the last quarter. Virtue Capital Management LLC boosted its position in Atlassian by 2.1% in the 2nd quarter. Virtue Capital Management LLC now owns 3,348 shares of the technology company’s stock valued at $578,000 after buying an additional 70 shares during the period. ICICI Prudential Asset Management Co Ltd grew its stake in Atlassian by 7.4% in the 2nd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,032 shares of the technology company’s stock worth $173,000 after acquiring an additional 71 shares in the last quarter. Red Spruce Capital LLC increased its position in shares of Atlassian by 3.4% during the first quarter. Red Spruce Capital LLC now owns 2,177 shares of the technology company’s stock worth $373,000 after acquiring an additional 72 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Atlassian by 0.9% during the second quarter. MetLife Investment Management LLC now owns 8,894 shares of the technology company’s stock valued at $1,493,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 53.36% 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.