Atlassian Co. (NASDAQ:TEAM) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 225.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 112,698 shares of the technology company's stock after buying an additional 78,098 shares during the period. Atlassian makes up approximately 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 21st largest holding. Aquatic Capital Management LLC's holdings in Atlassian were worth $27,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEAM. JPMorgan Chase & Co. grew its position in shares of Atlassian by 72.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock worth $1,042,737,000 after buying an additional 1,806,042 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Atlassian during the fourth quarter valued at about $687,486,000. Invesco Ltd. boosted its position in Atlassian by 265.9% during the fourth quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock valued at $595,171,000 after purchasing an additional 1,777,179 shares in the last quarter. Geode Capital Management LLC boosted its position in Atlassian by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,177,813 shares of the technology company's stock valued at $528,851,000 after purchasing an additional 27,899 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Atlassian by 17,941.0% during the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock valued at $528,693,000 after purchasing an additional 2,160,810 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Up 1.6 %

NASDAQ:TEAM traded up $3.55 during trading hours on Thursday, hitting $231.86. The company's stock had a trading volume of 2,086,410 shares, compared to its average volume of 2,040,927. The stock has a market capitalization of $60.75 billion, a P/E ratio of -173.44 and a beta of 1.07. The stock has a fifty day moving average of $225.22 and a 200-day moving average of $244.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. On average, equities analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TEAM shares. KeyCorp dropped their price target on Atlassian from $365.00 to $275.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group cut their price target on shares of Atlassian from $330.00 to $230.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group boosted their target price on shares of Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. BMO Capital Markets decreased their price objective on Atlassian from $360.00 to $295.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Finally, William Blair reaffirmed an "outperform" rating on shares of Atlassian in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Atlassian currently has an average rating of "Moderate Buy" and an average price target of $301.90.

Insiders Place Their Bets

In other Atlassian news, CAO Gene Liu sold 779 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $320.01, for a total transaction of $249,287.79. Following the transaction, the chief accounting officer now owns 52,710 shares of the company's stock, valued at approximately $16,867,727.10. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 1,520 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $312.58, for a total transaction of $475,121.60. Following the sale, the president now owns 201,657 shares of the company's stock, valued at $63,033,945.06. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,513 shares of company stock valued at $65,540,320. 38.55% of the stock is currently owned by insiders.

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.