Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 1,520 Shares

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 1,520 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $254.76, for a total value of $387,235.20. Following the completion of the transaction, the president now directly owns 211,991 shares in the company, valued at $54,006,827.16. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, November 19th, Anutthara Bharadwaj sold 1,659 shares of Atlassian stock. The stock was sold at an average price of $245.81, for a total value of $407,798.79.
• On Friday, November 1st, Anutthara Bharadwaj sold 4,560 shares of Atlassian stock. The shares were sold at an average price of $225.45, for a total value of $1,028,052.00.
• On Friday, October 18th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $188.79, for a total value of $143,480.40.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $257.26 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $287.97. The firm has a fifty day moving average price of $237.54 and a 200-day moving average price of $190.31. The stock has a market cap of $67.00 billion, a PE ratio of -169.25 and a beta of 0.80.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted ($0.07) EPS. Atlassian’s revenue for the quarter was up 21.5% compared to the same quarter last year. Equities analysts anticipate that Atlassian Co. will post -0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group raised their target price on shares of Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial boosted their target price on shares of Atlassian from $200.00 to $250.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Oppenheimer raised their price target on Atlassian from $230.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group upped their price objective on Atlassian from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Atlassian during the 2nd quarter valued at approximately $242,000. Fifth Third Bancorp boosted its position in shares of Atlassian by 6.9% during the second quarter. Fifth Third Bancorp now owns 10,836 shares of the technology company’s stock worth $1,917,000 after acquiring an additional 698 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Atlassian by 3.3% during the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the technology company’s stock worth $2,246,000 after acquiring an additional 400 shares during the last quarter. Hills Bank & Trust Co purchased a new position in Atlassian during the second quarter valued at $161,000. Finally, Bank of New York Mellon Corp increased its holdings in Atlassian by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 783,688 shares of the technology company’s stock valued at $138,619,000 after acquiring an additional 26,555 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

About Atlassian

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.