WINTON GROUP Ltd Makes New $12.65 Million Investment in Atlassian Corporation PLC $TEAM

WINTON GROUP Ltd bought a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAMFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 78,021 shares of the technology company’s stock, valued at approximately $12,650,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TEAM. NewEdge Advisors LLC lifted its holdings in Atlassian by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,267 shares during the period. Empowered Funds LLC lifted its holdings in Atlassian by 39.5% during the 1st quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock worth $995,000 after buying an additional 1,328 shares during the period. Focus Partners Wealth lifted its holdings in Atlassian by 32.6% during the 1st quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock worth $875,000 after buying an additional 1,014 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Atlassian by 447.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares during the period. Finally, Sivia Capital Partners LLC lifted its holdings in Atlassian by 27.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock worth $380,000 after buying an additional 404 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Atlassian

In other news, CRO Brian Duffy sold 1,986 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $174,271.50. Following the transaction, the executive directly owned 236,841 shares of the company’s stock, valued at $20,782,797.75. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO James Chuong sold 8,838 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total value of $775,534.50. Following the completion of the transaction, the chief financial officer directly owned 288,272 shares in the company, valued at $25,295,868. This represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 10,891 shares of company stock worth $955,683 over the last three months. 36.66% of the stock is owned by company insiders.

Atlassian Stock Down 2.0%

Shares of NASDAQ:TEAM opened at $99.47 on Friday. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of -119.84, a P/E/G ratio of 5.75 and a beta of 1.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average is $78.95 and its 200-day moving average is $106.45. Atlassian Corporation PLC has a 1 year low of $56.01 and a 1 year high of $222.59.

Atlassian (NASDAQ:TEAMGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. Equities research analysts predict that Atlassian Corporation PLC will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TEAM has been the topic of several recent research reports. Oppenheimer lifted their target price on Atlassian from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Cantor Fitzgerald lifted their target price on Atlassian from $98.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Guggenheim set a $115.00 target price on Atlassian in a report on Thursday, April 9th. Wells Fargo & Company cut their target price on Atlassian from $155.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Finally, KeyCorp dropped their price objective on Atlassian from $170.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus target price of $145.63.

Get Our Latest Research Report on TEAM

Atlassian Company Profile

(Free Report)

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.

Further Reading

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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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