Atlassian Co. (NASDAQ:TEAM - Get Free Report) President Anutthara Bharadwaj sold 760 shares of the business's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $200.00, for a total transaction of $152,000.00. Following the transaction, the president now owns 161,850 shares of the company's stock, valued at approximately $32,370,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Anutthara Bharadwaj also recently made the following trade(s):
- On Friday, April 19th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $193.63, for a total transaction 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 shares were sold at an average price of $204.40, for a total transaction 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 transaction of $881,068.93.
Atlassian Stock Down 0.2 %
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NASDAQ TEAM opened at $199.01 on Thursday. Atlassian Co. has a 52-week low of $128.02 and a 52-week high of $258.69. The firm has a 50-day moving average price of $200.84 and a 200 day moving average price of $206.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07.
Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.02 billion. On average, equities research analysts predict that Atlassian Co. will post -0.4 earnings per share for the current fiscal year.
Analyst Ratings Changes
TEAM has been the subject of several research analyst reports. 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 note on Monday, April 15th. Citigroup reduced their target price 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 reaffirmed an "outperform" rating on shares of Atlassian in a report on Friday, February 2nd. StockNews.com cut shares of Atlassian from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Finally, KeyCorp initiated coverage on shares of Atlassian in a report on Tuesday, March 19th. They issued a "sector weight" rating for the company. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Atlassian has a consensus rating of "Hold" and a consensus target price of $224.25.
Get Our Latest Analysis on Atlassian
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Atlassian by 12.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,263 shares of the technology company's stock worth $14,763,000 after buying an additional 8,073 shares during the period. Arkadios Wealth Advisors acquired a new position in Atlassian during the fourth quarter worth about $202,000. American Century Companies Inc. grew its position in shares of Atlassian by 58.7% in the third quarter. American Century Companies Inc. now owns 430,112 shares of the technology company's stock valued at $86,672,000 after purchasing an additional 159,102 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Atlassian in the fourth quarter valued at approximately $13,805,000. Finally, Royal Bank of Canada grew its position in shares of Atlassian by 17.3% in the third quarter. Royal Bank of Canada now owns 381,430 shares of the technology company's stock valued at $76,862,000 after purchasing an additional 56,149 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.
About Atlassian
(
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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