111 Capital Purchases Shares of 1,910 Atlassian Co. (NASDAQ:TEAM)

111 Capital acquired a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,910 shares of the technology company's stock, valued at approximately $465,000.

Other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in Atlassian in the 4th quarter valued at $27,000. Colonial Trust Co SC grew its stake in Atlassian by 100.0% in the 4th quarter. Colonial Trust Co SC now owns 138 shares of the technology company's stock valued at $34,000 after purchasing an additional 69 shares during the period. Summit Securities Group LLC bought a new position in shares of Atlassian during the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Atlassian during the 4th quarter worth $39,000. Finally, Avion Wealth grew its stake in shares of Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company's stock worth $41,000 after acquiring an additional 157 shares during the period. Institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

Shares of TEAM stock traded up $2.38 on Friday, hitting $206.31. The company had a trading volume of 3,481,076 shares, compared to its average volume of 2,090,394. The firm has a market cap of $54.16 billion, a P/E ratio of -153.96 and a beta of 1.06. The company has a 50-day moving average price of $210.57 and a 200-day moving average price of $245.81. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Atlassian's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $218.05, for a total transaction of $1,733,061.40. Following the completion of the sale, the director now owns 119,220 shares of the company's stock, valued at $25,995,921. This trade represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph Leo Binz sold 1,770 shares of Atlassian stock in a transaction on Monday, May 19th. The shares were sold at an average price of $214.87, for a total value of $380,319.90. Following the completion of the sale, the chief financial officer now owns 162,789 shares in the company, valued at $34,978,472.43. This represents a 1.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 310,899 shares of company stock worth $66,859,457. Corporate insiders own 38.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TEAM shares. Wall Street Zen raised Atlassian from a "hold" rating to a "buy" rating in a report on Friday. KeyCorp dropped their price objective on Atlassian from $365.00 to $275.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Macquarie dropped their price objective on Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Cantor Fitzgerald raised Atlassian from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $304.00 to $272.00 in a report on Wednesday, April 2nd. Finally, Morgan Stanley dropped their price objective on Atlassian from $370.00 to $320.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.29.

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.