One Wealth Advisors LLC Decreases Stake in Atlassian Co. (NASDAQ:TEAM)

One Wealth Advisors LLC lessened its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,430 shares of the technology company’s stock after selling 100 shares during the period. One Wealth Advisors LLC’s holdings in Atlassian were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Asset Dedication LLC raised its position in Atlassian by 229.8% during the 2nd quarter. Asset Dedication LLC now owns 155 shares of the technology company’s stock worth $27,000 after buying an additional 108 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Atlassian by 383.9% in the first quarter. Hollencrest Capital Management now owns 150 shares of the technology company’s stock valued at $29,000 after purchasing an additional 119 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Atlassian by 2,175.0% during the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Atlassian during the 2nd quarter worth approximately $36,000. Finally, GAMMA Investing LLC raised its position in shares of Atlassian by 68.6% in the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Atlassian Stock Down 1.2 %

Shares of NASDAQ TEAM traded down $2.24 during midday trading on Thursday, hitting $187.11. 146,476 shares of the company’s stock were exchanged, compared to its average volume of 1,781,943. The firm’s fifty day simple moving average is $162.91 and its 200-day simple moving average is $171.79. The company has a market cap of $48.65 billion, a PE ratio of -163.23 and a beta of 0.73. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $258.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned ($0.21) EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Research analysts predict that Atlassian Co. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TEAM shares. Wells Fargo & Company decreased their target price on shares of Atlassian from $285.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Oppenheimer reiterated an “outperform” rating and set a $230.00 price objective on shares of Atlassian in a research report on Monday, September 23rd. The Goldman Sachs Group upgraded Atlassian from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $230.00 in a report on Friday, August 2nd. JMP Securities upgraded shares of Atlassian to a “hold” rating in a report on Friday, August 2nd. Finally, Mizuho upped their price objective on shares of Atlassian from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.12.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Monday, October 14th. The shares were sold at an average price of $193.70, for a total value of $1,539,527.60. Following the transaction, the chief executive officer now directly owns 429,192 shares in the company, valued at approximately $83,134,490.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $193.70, for a total transaction of $1,539,527.60. Following the sale, the chief executive officer now directly owns 429,192 shares in the company, valued at approximately $83,134,490.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather Mirjahangir Fernandez sold 750 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $185.50, for a total transaction of $139,125.00. Following the completion of the sale, the director now owns 10,110 shares in the company, valued at $1,875,405. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 230,185 shares of company stock worth $38,079,593. Corporate insiders own 40.48% of the company’s stock.

Atlassian 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.