Vinva Investment Management Ltd Has $5.54 Million Holdings in Atlassian Co. (NASDAQ:TEAM)

Vinva Investment Management Ltd raised its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 234.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,409 shares of the technology company’s stock after purchasing an additional 15,711 shares during the period. Vinva Investment Management Ltd’s holdings in Atlassian were worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TEAM. True Wealth Design LLC raised its position in shares of Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after acquiring an additional 231 shares during the period. Avion Wealth raised its position in shares of Atlassian by 1,308.3% in the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock valued at $41,000 after acquiring an additional 157 shares during the period. Assetmark Inc. raised its position in shares of Atlassian by 30.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock valued at $43,000 after acquiring an additional 41 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of Atlassian in the 4th quarter valued at approximately $49,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Atlassian in the 4th quarter valued at approximately $56,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 1,520 shares of Atlassian stock in a transaction on Friday, December 20th. The shares were sold at an average price of $254.76, for a total transaction of $387,235.20. Following the completion of the transaction, the president now directly owns 211,991 shares of the company’s stock, valued at $54,006,827.16. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Monday, February 10th. The stock was sold at an average price of $322.31, for a total value of $2,561,719.88. Following the sale, the chief executive officer now directly owns 270,232 shares of the company’s stock, valued at $87,098,475.92. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,553 shares of company stock valued at $71,627,261 over the last ninety days. 38.55% of the stock is currently owned by company insiders.

Atlassian Price Performance

NASDAQ:TEAM opened at $229.86 on Thursday. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $271.91 and a 200 day simple moving average of $235.42. The stock has a market capitalization of $60.22 billion, a PE ratio of -171.54 and a beta of 0.91.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. On average, research analysts expect that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank increased their price target on shares of Atlassian from $250.00 to $330.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Cantor Fitzgerald raised their target price on shares of Atlassian from $264.00 to $304.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Piper Sandler raised their target price on shares of Atlassian from $310.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Macquarie raised their target price on shares of Atlassian from $290.00 to $317.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.77.

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.