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

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

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

• 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 stock was 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 transaction of $881,068.93.

Atlassian Trading Up 2.7 %

TEAM opened at $199.44 on Wednesday. Atlassian Co. has a twelve month low of $128.02 and a twelve month high of $258.69. The company has a fifty day moving average of $201.18 and a 200-day moving average of $206.81. The stock has a market cap of $51.74 billion, a PE ratio of -133.85 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, sell-side analysts predict that Atlassian Co. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Atlassian in a research report on Friday, February 2nd. KeyCorp initiated coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating for the company. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $235.00 to $275.00 in a report on Thursday, April 11th. The Goldman Sachs Group upped their target price on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price target on Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Hold” and a consensus price target of $224.25.

Hedge Funds Weigh In On Atlassian

Institutional investors have recently added to or reduced their stakes in the business. Graypoint LLC grew its position in shares of Atlassian by 2.4% during the 4th quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock worth $424,000 after buying an additional 42 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Atlassian by 1.4% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock worth $736,000 after purchasing an additional 43 shares during the period. Park National Corp OH increased its stake in Atlassian by 3.5% in the fourth quarter. Park National Corp OH now owns 1,439 shares of the technology company’s stock valued at $342,000 after purchasing an additional 48 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Atlassian by 1.5% during the first quarter. First Trust Direct Indexing L.P. now owns 3,693 shares of the technology company’s stock valued at $721,000 after purchasing an additional 55 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Atlassian by 5.7% during the 4th quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock worth $248,000 after purchasing an additional 56 shares in the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.

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.