Signaturefd LLC Sells 319 Shares of Atlassian Co. (NASDAQ:TEAM)

Signaturefd LLC lowered its holdings in Atlassian Co. (NASDAQ:TEAM) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,430 shares of the technology company’s stock after selling 319 shares during the period. Signaturefd LLC’s holdings in Atlassian were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. OFI Invest Asset Management bought a new position in shares of Atlassian in the 3rd quarter valued at about $26,000. Carmel Capital Partners LLC grew its position in shares of Atlassian by 28.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock valued at $52,000 after acquiring an additional 57 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Atlassian by 271.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock valued at $88,000 after acquiring an additional 271 shares during the period. Operose Advisors LLC bought a new position in shares of Atlassian in the 3rd quarter valued at about $99,000. Finally, First Horizon Advisors Inc. grew its position in shares of Atlassian by 33.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 571 shares of the technology company’s stock valued at $115,000 after acquiring an additional 143 shares during the period. Institutional investors own 93.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TEAM shares. Mizuho decreased their price objective on shares of Atlassian from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, April 15th. 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 research report on Friday, April 12th. KeyCorp started coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. Finally, UBS Group reduced their target price on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.25.

Insider Activity

In other news, CEO Michael Cannon-Brookes sold 8,241 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $191.53, for a total value of $1,578,398.73. Following the completion of the transaction, the chief executive officer now directly owns 391,173 shares in the company, valued at approximately $74,921,364.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Gene Liu sold 227 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $212.87, for a total transaction of $48,321.49. Following the completion of the transaction, the chief accounting officer now directly owns 47,066 shares in the company, valued at approximately $10,018,939.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $191.53, for a total transaction of $1,578,398.73. Following the transaction, the chief executive officer now owns 391,173 shares of the company’s stock, valued at $74,921,364.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,450 shares of company stock worth $62,114,072. 40.48% of the stock is currently owned by corporate insiders.

Atlassian Stock Down 0.2 %

Shares of NASDAQ:TEAM opened at $199.01 on Thursday. The firm has a 50 day moving average of $200.84 and a 200-day moving average of $206.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.24). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. As a group, equities research analysts expect that Atlassian Co. will post -0.4 EPS for the current year.

About Atlassian

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.