Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 1,731 Shares

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 1,731 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $214.87, for a total value of $371,939.97. Following the transaction, the president now directly owns 190,529 shares of the company’s stock, valued at $40,938,966.23. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 14th, Anutthara Bharadwaj sold 7,674 shares of Atlassian stock. The shares were sold at an average price of $225.51, for a total value of $1,730,563.74.
• On Wednesday, February 19th, Anutthara Bharadwaj sold 1,723 shares of Atlassian stock. The stock was sold at an average price of $305.84, for a total value of $526,962.32.

Atlassian Stock Performance

Atlassian stock opened at $214.49 on Wednesday. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a fifty day moving average price of $213.39 and a two-hundred day moving average price of $247.54. The firm has a market capitalization of $56.30 billion, a P/E ratio of -160.07 and a beta of 1.06.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. As a group, analysts anticipate that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in Atlassian in the 4th quarter valued at $687,486,000. Voya Investment Management LLC increased its stake in shares of Atlassian by 17,941.0% in the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company’s stock valued at $528,693,000 after buying an additional 2,160,810 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company’s stock valued at $1,042,737,000 after buying an additional 1,806,042 shares during the last quarter. Invesco Ltd. lifted its position in Atlassian by 265.9% during the 4th quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company’s stock worth $595,171,000 after buying an additional 1,777,179 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Atlassian during the 1st quarter worth about $327,665,000. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

TEAM has been the subject of several research reports. JMP Securities reissued a “market perform” rating on shares of Atlassian in a research report on Friday, January 31st. Scotiabank upped their target price on shares of Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Atlassian from $330.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets decreased their target price on Atlassian from $295.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.29.

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.