Atlassian Co. (NASDAQ:TEAM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 2,126.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 228,078 shares of the technology company's stock after buying an additional 217,836 shares during the period. SG Americas Securities LLC owned 0.09% of Atlassian worth $48,400,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Clean Yield Group lifted its stake in Atlassian by 372.0% during the first quarter. Clean Yield Group now owns 118 shares of the technology company's stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Atlassian during the fourth quarter worth $27,000. Colonial Trust Co SC grew its stake in Atlassian by 100.0% in the fourth 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 in the last quarter. Summit Securities Group LLC acquired a new position in Atlassian in the 4th quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Atlassian in the fourth quarter worth approximately $39,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $215.23, for a total transaction of $1,649,737.95. Following the completion of the sale, the chief executive officer now owns 107,310 shares of the company's stock, valued at $23,096,331.30. This trade represents a 6.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Gene Liu sold 121 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $214.88, for a total value of $26,000.48. Following the sale, the chief accounting officer now owns 51,360 shares of the company's stock, valued at $11,036,236.80. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 336,429 shares of company stock valued at $71,774,377. 38.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TEAM. Macquarie lowered their target price on Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Barclays cut their target price on Atlassian from $350.00 to $260.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets lowered their price objective on Atlassian from $295.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Raymond James reissued an "outperform" rating and issued a $300.00 price target (down previously from $330.00) on shares of Atlassian in a report on Friday, May 2nd. Finally, UBS Group reduced their price target on shares of Atlassian from $230.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Atlassian currently has a consensus rating of "Moderate Buy" and a consensus target price of $285.29.

Atlassian Price Performance

NASDAQ:TEAM traded down $4.16 during trading hours on Wednesday, reaching $208.89. 665,031 shares of the company traded hands, compared to its average volume of 2,100,091. The firm's 50-day moving average is $209.92 and its 200-day moving average is $244.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $54.83 billion, a P/E ratio of -155.90 and a beta of 0.96. Atlassian Co. has a 1-year low of $135.29 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. Equities research analysts expect that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Atlassian Company 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.