Oddo BHF Asset Management Sas decreased its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM – Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,835 shares of the technology company’s stock after selling 10,332 shares during the period. Oddo BHF Asset Management Sas’ holdings in Atlassian were worth $17,322,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in TEAM. NewEdge Advisors LLC grew its holdings in shares of Atlassian by 71.6% during the first quarter. NewEdge Advisors LLC now owns 5,432 shares of the technology company’s stock valued at $1,153,000 after buying an additional 2,267 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Atlassian by 39.5% during the first quarter. Empowered Funds LLC now owns 4,689 shares of the technology company’s stock valued at $995,000 after buying an additional 1,328 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Atlassian by 32.6% during the first quarter. Focus Partners Wealth now owns 4,122 shares of the technology company’s stock valued at $875,000 after buying an additional 1,014 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock valued at $42,000 after buying an additional 161 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Atlassian by 27.5% during the second quarter. Sivia Capital Partners LLC now owns 1,873 shares of the technology company’s stock valued at $380,000 after buying an additional 404 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.
Atlassian Stock Up 3.4%
TEAM opened at $91.55 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.13. Atlassian Corporation PLC has a 1-year low of $56.01 and a 1-year high of $222.59. The company has a market capitalization of $23.23 billion, a PE ratio of -110.30, a PEG ratio of 5.02 and a beta of 1.07. The firm’s 50 day simple moving average is $81.92 and its two-hundred day simple moving average is $103.87.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Robert W. Baird set a $120.00 price target on shares of Atlassian in a report on Friday, May 1st. BMO Capital Markets lowered their price objective on shares of Atlassian from $130.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Atlassian in a research report on Monday, April 20th. Citigroup lowered their price objective on shares of Atlassian from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Mizuho lowered their price objective on shares of Atlassian from $185.00 to $145.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.63.
Get Our Latest Stock Report on Atlassian
Insiders Place Their Bets
In other news, CRO Brian Duffy sold 3,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the sale, the executive directly owned 227,691 shares of the company’s stock, valued at $20,426,159.61. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Chuong sold 8,838 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the completion of the sale, the chief financial officer directly owned 288,272 shares of the company’s stock, valued at approximately $25,295,868. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 20,041 shares of company stock valued at $1,801,069. Corporate insiders own 36.66% of the company’s stock.
Atlassian Company Profile
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.
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