Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 760 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $193.63, for a total value of $147,158.80. Following the transaction, the president now directly owns 162,610 shares of the company’s stock, valued at approximately $31,486,174.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The stock was sold at an average price of $201.05, for a total transaction of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The stock was sold at an average price of $204.40, for a total value of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The shares were sold at an average price of $212.87, for a total value of $881,068.93.

Atlassian Trading Up 1.4 %

NASDAQ TEAM opened at $194.27 on Tuesday. The company’s fifty day simple moving average is $201.39 and its 200-day simple moving average is $206.80. The stock has a market cap of $50.40 billion, a P/E ratio of -130.38 and a beta of 0.63. Atlassian Co. has a 52 week low of $128.02 and a 52 week high of $258.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Equities research analysts predict that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TEAM shares. Truist Financial lifted their price target on Atlassian from $180.00 to $220.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. UBS Group dropped their price target on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Mizuho decreased their price target on shares of Atlassian from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Barclays raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group upped their price target on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $224.25.

Institutional Investors Weigh In On Atlassian

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. Vanguard Group Inc. grew its position in shares of Atlassian by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after buying an additional 504,181 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Atlassian by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,237,507 shares of the technology company’s stock worth $2,435,095,000 after acquiring an additional 326,673 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Atlassian by 2.7% in the 4th quarter. WCM Investment Management LLC now owns 9,640,536 shares of the technology company’s stock worth $2,325,490,000 after purchasing an additional 249,017 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Atlassian by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company’s stock valued at $2,094,980,000 after purchasing an additional 1,511,318 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Atlassian by 1.1% during the third quarter. Artisan Partners Limited Partnership now owns 6,048,160 shares of the technology company’s stock worth $1,218,765,000 after purchasing an additional 63,903 shares during the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

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.