5,023 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC bought a new position in Atlassian Co. (NASDAQ:TEAM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,023 shares of the technology company’s stock, valued at approximately $1,222,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its stake in Atlassian by 7.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,141 shares of the technology company’s stock valued at $2,225,000 after buying an additional 650 shares during the last quarter. Donoghue Forlines LLC grew its stake in shares of Atlassian by 176.0% in the fourth quarter. Donoghue Forlines LLC now owns 7,779 shares of the technology company’s stock valued at $1,893,000 after buying an additional 4,961 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Atlassian by 66.8% during the fourth quarter. Avior Wealth Management LLC now owns 507 shares of the technology company’s stock worth $123,000 after buying an additional 203 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Atlassian by 3,951.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 149,690 shares of the technology company’s stock worth $36,432,000 after acquiring an additional 145,995 shares in the last quarter. Finally, Genesis Private Wealth LLC acquired a new stake in Atlassian in the fourth quarter valued at $206,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Trading Down 0.3 %

Shares of TEAM opened at $264.81 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $68.97 billion, a P/E ratio of -174.22 and a beta of 0.83. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $287.97. The business has a 50-day moving average of $257.68 and a 200 day moving average of $204.62.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. As a group, research analysts forecast that Atlassian Co. will post -0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TEAM shares. BMO Capital Markets raised Atlassian from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $255.00 to $292.00 in a research report on Friday, January 10th. Mizuho raised their target price on shares of Atlassian from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Oppenheimer upped their price target on shares of Atlassian from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Canaccord Genuity Group raised their price objective on shares of Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Citigroup upped their price target on shares of Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $273.19.

Insider Activity at Atlassian

In other news, CAO Gene Liu sold 1,024 shares of Atlassian stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $230,860.80. Following the transaction, the chief accounting officer now owns 59,168 shares in the company, valued at approximately $13,339,425.60. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 15,896 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $243.55, for a total value of $3,871,470.80. Following the transaction, the chief executive officer now owns 429,192 shares in the company, valued at approximately $104,529,711.60. The trade was a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,188 shares of company stock valued at $67,421,558. Corporate insiders own 38.55% of the company’s stock.

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.