1,293 Shares in Atlassian Corporation PLC (NASDAQ:TEAM) Bought by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new position in Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,293 shares of the technology company's stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Clean Yield Group increased its stake in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after buying an additional 93 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Atlassian in the 4th quarter valued at about $27,000. Colonial Trust Co SC increased 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 buying an additional 69 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Atlassian in the 4th quarter valued at about $38,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Atlassian in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Price Performance

NASDAQ:TEAM traded down $2.97 during trading hours on Thursday, hitting $199.60. The stock had a trading volume of 723,181 shares, compared to its average volume of 2,317,479. The company has a 50 day simple moving average of $204.67 and a two-hundred day simple moving average of $230.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Atlassian Corporation PLC has a one year low of $135.29 and a one year high of $326.00. The firm has a market capitalization of $52.40 billion, a price-to-earnings ratio of -120.02 and a beta of 0.94.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. Atlassian had a negative net margin of 8.66% and a negative return on equity of 23.41%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm earned $0.89 EPS. The business's quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that Atlassian Corporation PLC will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEAM has been the subject of several research analyst reports. Baird R W upgraded shares of Atlassian from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Raymond James Financial restated an "outperform" rating and set a $300.00 price target (down previously from $330.00) on shares of Atlassian in a research note on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $300.00 price target (down previously from $365.00) on shares of Atlassian in a research note on Friday, May 2nd. BMO Capital Markets decreased their price target on shares of Atlassian from $295.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial decreased their price target on shares of Atlassian from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $274.05.

Insider Buying and Selling at Atlassian

In other news, Director Scott Farquhar sold 7,665 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $194.98, for a total transaction of $1,494,521.70. Following the sale, the director owned 383,250 shares in the company, valued at approximately $74,726,085. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $194.98, for a total transaction of $1,494,521.70. Following the sale, the chief executive officer owned 383,250 shares in the company, valued at approximately $74,726,085. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,489 shares of company stock worth $95,907,417. Corporate insiders own 38.55% 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.