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

Atlassian Co. (NASDAQ:TEAMGet Free Report) President Anutthara Bharadwaj sold 760 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $181.58, for a total transaction of $138,000.80. Following the completion of the sale, the president now owns 156,234 shares of the company’s stock, valued at approximately $28,368,969.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, May 14th, Anutthara Bharadwaj sold 4,856 shares of Atlassian stock. The stock was sold at an average price of $184.26, for a total value of $894,766.56.
  • On Tuesday, April 23rd, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $200.00, for a total value of $152,000.00.
  • On Friday, April 19th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $193.63, for a total value of $147,158.80.
  • On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were 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 transaction of $540,638.00.

Atlassian Stock Down 1.0 %

TEAM opened at $178.05 on Wednesday. The stock’s fifty day simple moving average is $191.90 and its 200 day simple moving average is $206.01. Atlassian Co. has a 1-year low of $145.21 and a 1-year high of $258.69. The stock has a market cap of $46.35 billion, a PE ratio of -282.62 and a beta of 0.67. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAMGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.62 by $0.27. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) earnings per share. As a group, research analysts expect that Atlassian Co. will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Atlassian

Several hedge funds have recently bought and sold shares of TEAM. Teacher Retirement System of Texas boosted its stake in Atlassian by 3.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 11,768 shares of the technology company’s stock valued at $2,371,000 after purchasing an additional 419 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Atlassian by 193.8% in the third quarter. Wealthfront Advisers LLC now owns 7,061 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 4,658 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Atlassian by 4.6% during the third quarter. Daiwa Securities Group Inc. now owns 18,532 shares of the technology company’s stock worth $3,734,000 after acquiring an additional 818 shares during the period. Venturi Wealth Management LLC raised its stake in Atlassian by 13.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,324 shares of the technology company’s stock worth $267,000 after purchasing an additional 156 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Atlassian by 24.6% in the 3rd quarter. California Public Employees Retirement System now owns 263,775 shares of the technology company’s stock valued at $53,153,000 after purchasing an additional 52,018 shares during the period. 93.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TEAM. William Blair reiterated an “outperform” rating on shares of Atlassian in a report on Friday, February 2nd. TD Cowen cut their target price on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Canaccord Genuity Group decreased their price target on shares of Atlassian from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Oppenheimer lowered their price objective on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Robert W. Baird reduced their target price on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.22.

Get Our Latest Stock Report on TEAM

Atlassian Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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