Atlassian Co. (NASDAQ:TEAM) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp increased its stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 708.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,235 shares of the technology company's stock after purchasing an additional 2,835 shares during the period. Toth Financial Advisory Corp's holdings in Atlassian were worth $686,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Atlassian by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 2,478,358 shares of the technology company's stock worth $393,588,000 after purchasing an additional 131,621 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Atlassian by 37.8% during the fourth quarter. Bleakley Financial Group LLC now owns 3,193 shares of the technology company's stock worth $777,000 after buying an additional 876 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Atlassian by 18.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,198 shares of the technology company's stock valued at $3,699,000 after purchasing an additional 2,400 shares during the last quarter. Empowered Funds LLC increased its stake in Atlassian by 39.6% in the 4th quarter. Empowered Funds LLC now owns 3,361 shares of the technology company's stock valued at $818,000 after buying an additional 953 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Atlassian during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Atlassian Trading Down 0.9%

Shares of Atlassian stock traded down $1.94 during trading hours on Tuesday, hitting $213.05. The company's stock had a trading volume of 2,073,453 shares, compared to its average volume of 2,101,510. The business has a fifty day moving average of $209.62 and a 200 day moving average of $244.30. 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 1-year low of $135.29 and a 1-year high of $326.00. The company has a market capitalization of $55.93 billion, a PE ratio of -158.99 and a beta of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its 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. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate 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 was up 14.1% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. As a group, equities analysts forecast that Atlassian Co. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other news, President Anutthara Bharadwaj sold 7,674 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $225.51, for a total value of $1,730,563.74. Following the sale, the president now owns 192,260 shares in the company, valued at approximately $43,356,552.60. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $234.38, for a total value of $1,862,852.24. Following the completion of the transaction, the director now owns 39,740 shares of the company's stock, valued at $9,314,261.20. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 344,377 shares of company stock valued at $73,582,945 in the last quarter. Company insiders own 38.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TEAM shares. Baird R W raised Atlassian from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Barclays decreased their price objective on shares of Atlassian from $350.00 to $260.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Macquarie lowered their target price on shares of Atlassian from $270.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets dropped their target price on shares of Atlassian from $295.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their price target on Atlassian from $370.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Four research 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 company's stock. According to data from MarketBeat.com, Atlassian has an average rating of "Moderate Buy" and an average price target of $285.29.

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.