Atlassian Co. (NASDAQ:TEAM) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Atlassian Co. (NASDAQ:TEAM) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,472 shares of the technology company’s stock after purchasing an additional 940 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Atlassian were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Atlassian in the third quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its holdings in shares of Atlassian by 151.5% in the fourth quarter. Meeder Asset Management Inc. now owns 244 shares of the technology company’s stock valued at $31,000 after acquiring an additional 147 shares in the last quarter. Tyler Stone Wealth Management bought a new position in shares of Atlassian in the second quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Atlassian in the second quarter valued at approximately $44,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of Atlassian by 1,365.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 293 shares of the technology company’s stock valued at $50,000 after acquiring an additional 273 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $196.26, for a total transaction of $1,617,378.66. Following the transaction, the chief executive officer now owns 407,655 shares in the company, valued at approximately $80,006,370.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $201.05, for a total transaction of $305,596.00. Following the transaction, the president now owns 163,370 shares in the company, valued at approximately $32,845,538.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $196.26, for a total transaction of $1,617,378.66. Following the transaction, the chief executive officer now owns 407,655 shares in the company, valued at approximately $80,006,370.30. The disclosure for this sale can be found here. Insiders sold a total of 298,930 shares of company stock worth $62,707,908 in the last quarter. 40.48% of the stock is currently owned by corporate insiders.

Atlassian Stock Down 1.1 %

TEAM stock opened at $191.55 on Friday. Atlassian Co. has a 12-month low of $128.02 and a 12-month high of $258.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. The company has a market cap of $49.69 billion, a price-to-earnings ratio of -128.56 and a beta of 0.63. The company has a 50 day moving average of $201.83 and a two-hundred day moving average of $206.53.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities analysts anticipate that Atlassian Co. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TEAM has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Atlassian from $280.00 to $265.00 and set a “buy” rating for the company in a report on Friday, April 12th. William Blair restated an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. The Goldman Sachs Group raised their target price on shares of Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. KeyCorp started coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating for the company. Finally, Mizuho reduced their target price on shares of Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Atlassian currently has a consensus rating of “Hold” and a consensus target price of $224.25.

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.