Anutthara Bharadwaj Sells 1,731 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 1,731 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $214.87, for a total transaction of $371,939.97. Following the transaction, the president now owns 190,529 shares of the company’s stock, valued at approximately $40,938,966.23. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 14th, Anutthara Bharadwaj sold 7,674 shares of Atlassian stock. The shares were sold at an average price of $225.51, for a total value of $1,730,563.74.
• On Wednesday, February 19th, Anutthara Bharadwaj sold 1,723 shares of Atlassian stock. The shares were sold at an average price of $305.84, for a total value of $526,962.32.

Atlassian Stock Performance

NASDAQ:TEAM opened at $209.17 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00. The company has a 50 day simple moving average of $213.33 and a two-hundred day simple moving average of $247.04. The company has a market capitalization of $54.91 billion, a PE ratio of -156.10 and a beta of 1.06.

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

Analyst Ratings Changes

Several research analysts have commented on TEAM shares. BMO Capital Markets lowered their target price on Atlassian from $295.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Stephens lowered their price objective on shares of Atlassian from $255.00 to $221.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Atlassian from $245.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of Atlassian from $330.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Atlassian from $330.00 to $262.00 and set a “buy” rating for the company in a report on Monday, April 7th. 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 company. Based on data from MarketBeat.com, Atlassian has a consensus rating of “Moderate Buy” and an average target price of $285.29.

Institutional Trading of Atlassian

A number of institutional investors have recently bought and sold shares of TEAM. Clean Yield Group lifted its stake in shares of Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company’s stock valued at $25,000 after purchasing an additional 93 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Atlassian during the fourth quarter worth approximately $27,000. Colonial Trust Co SC increased its holdings in Atlassian by 100.0% in the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Smithfield Trust Co lifted its stake in Atlassian by 90.7% in the first quarter. Smithfield Trust Co now owns 164 shares of the technology company’s stock valued at $34,000 after buying an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new position in Atlassian in the fourth quarter valued at approximately $38,000. Institutional investors own 94.45% of the company’s stock.

Atlassian Company 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.