Atlassian Co. (NASDAQ:TEAM) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. reduced its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 27.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200 shares of the technology company’s stock after selling 76 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Atlassian were worth $32,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. American International Group Inc. lifted its position in Atlassian by 3.1% during the 4th quarter. American International Group Inc. now owns 10,772 shares of the technology company’s stock worth $2,562,000 after acquiring an additional 328 shares during the period. HighPoint Advisor Group LLC purchased a new stake in Atlassian in the fourth quarter valued at approximately $248,000. Mather Group LLC. purchased a new stake in Atlassian in the first quarter valued at approximately $113,000. Banque Cantonale Vaudoise increased its holdings in Atlassian by 30.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 12,618 shares of the technology company’s stock worth $2,463,000 after buying an additional 2,937 shares during the period. Finally, Park Avenue Securities LLC raised its position in Atlassian by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 13,100 shares of the technology company’s stock worth $2,556,000 after buying an additional 551 shares during the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Down 0.8 %

TEAM stock opened at $189.35 on Thursday. The stock has a market capitalization of $49.24 billion, a P/E ratio of -163.23 and a beta of 0.73. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $258.69. The firm has a 50-day simple moving average of $162.91 and a 200-day simple moving average of $171.79. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. Atlassian’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) EPS. Equities analysts forecast that Atlassian Co. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TEAM has been the topic of a number of research reports. Piper Sandler upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $200.00 to $225.00 in a research note on Tuesday, July 2nd. Wells Fargo & Company reduced their price objective on Atlassian from $285.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Capital One Financial raised Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price objective for the company in a report on Thursday, July 11th. Raymond James raised Atlassian from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Tuesday, October 1st. Finally, Barclays decreased their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.29.

Insider Activity at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, July 19th. The shares were sold at an average price of $175.00, for a total transaction of $133,000.00. Following the sale, the president now owns 152,534 shares of the company’s stock, valued at $26,693,450. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Atlassian news, President Anutthara Bharadwaj sold 760 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $175.00, for a total value of $133,000.00. Following the completion of the sale, the president now owns 152,534 shares in the company, valued at approximately $26,693,450. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Farquhar sold 7,948 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $140.54, for a total value of $1,117,011.92. Following the transaction, the chief executive officer now owns 294,076 shares in the company, valued at approximately $41,329,441.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 230,185 shares of company stock valued at $38,079,593. 40.48% of the stock is owned by insiders.

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.