Atlassian Co. (NASDAQ:TEAM - Get Free Report) 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 completion of the transaction, the president now directly owns 162,610 shares of the company's stock, valued at $31,486,174.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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 shares were 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 Price Performance
Atlassian stock opened at $194.27 on Tuesday. The stock has a market cap of $50.40 billion, a price-to-earnings ratio of -130.38 and a beta of 0.63. 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 business's 50-day simple moving average is $201.39 and its 200 day simple moving average is $206.80.
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Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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, research analysts anticipate that Atlassian Co. will post -0.4 earnings per share for the current year.
Analyst Upgrades and Downgrades
TEAM has been the topic of several recent analyst reports. Citigroup decreased their price target on Atlassian from $280.00 to $265.00 and set a "buy" rating on the stock in a research note on Friday, April 12th. Truist Financial increased their target price on shares of Atlassian from $180.00 to $220.00 and gave the stock a "hold" rating in a research report on Tuesday, January 16th. William Blair restated an "outperform" rating on shares of Atlassian in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price objective on shares of Atlassian from $188.00 to $215.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. Finally, KeyCorp started coverage on Atlassian in a research report on Tuesday, March 19th. They set a "sector weight" rating on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $224.25.
Check Out Our Latest Stock Analysis on Atlassian
Institutional Trading of Atlassian
Several institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI grew its stake in shares of Atlassian by 15.0% during the third quarter. National Bank of Canada FI now owns 1,057 shares of the technology company's stock worth $209,000 after purchasing an additional 138 shares during the period. CWM LLC grew its position in shares of Atlassian by 61.3% during the 3rd quarter. CWM LLC now owns 2,028 shares of the technology company's stock worth $409,000 after buying an additional 771 shares during the period. DnB Asset Management AS increased its stake in shares of Atlassian by 3.4% in the 3rd quarter. DnB Asset Management AS now owns 23,785 shares of the technology company's stock valued at $4,793,000 after acquiring an additional 791 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Atlassian by 40.3% in the 3rd quarter. SG Americas Securities LLC now owns 8,517 shares of the technology company's stock valued at $1,716,000 after acquiring an additional 2,448 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new position in Atlassian during the 3rd quarter worth approximately $308,000. Institutional investors own 93.03% of the company's stock.
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.
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