1,000 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by Shay Capital LLC

Shay Capital LLC acquired a new position in shares of Atlassian Co. (NASDAQ:TEAM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,000 shares of the technology company’s stock, valued at approximately $243,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in Atlassian during the 4th quarter worth $27,000. Colonial Trust Co SC grew its stake in Atlassian by 100.0% during the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock worth $34,000 after buying an additional 69 shares during the last quarter. Summit Securities Group LLC bought a new position in Atlassian during the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Atlassian during the 4th quarter worth $39,000. Finally, Avion Wealth boosted its position in Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after acquiring an additional 157 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TEAM. Baird R W upgraded Atlassian from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Raymond James reiterated an “outperform” rating and set a $300.00 price target (down previously from $330.00) on shares of Atlassian in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on Atlassian from $330.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. KeyCorp reduced their price target on Atlassian from $365.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of Atlassian in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.29.

Insider Activity

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $313.95, for a total transaction of $2,495,274.60. Following the transaction, the chief executive officer now directly owns 230,492 shares of the company’s stock, valued at approximately $72,362,963.40. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Anutthara Bharadwaj sold 1,723 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $305.84, for a total value of $526,962.32. Following the transaction, the president now directly owns 199,934 shares in the company, valued at $61,147,814.56. The trade was a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 267,301 shares of company stock valued at $60,975,089 over the last three months. Insiders own 38.55% of the company’s stock.

Atlassian Trading Down 0.0%

Shares of NASDAQ TEAM opened at $220.79 on Friday. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00. The company has a market cap of $57.85 billion, a price-to-earnings ratio of -164.77 and a beta of 1.06. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $213.69 and a 200-day simple moving average of $246.60.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.89 earnings per share. Atlassian’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Atlassian Co. will post -0.34 EPS for the current year.

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.