Anutthara Bharadwaj Sells 760 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM - Get Free Report) President Anutthara Bharadwaj sold 760 shares of the business's stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $193.63, for a total transaction of $147,158.80. Following the completion of the transaction, the president now owns 162,610 shares of the company's stock, valued at approximately $31,486,174.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Anutthara Bharadwaj also recently made the following trade(s):

• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The stock was sold at an average price of $201.05, for a total value of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The shares were sold at an average price of $204.40, for a total transaction of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The stock was sold at an average price of $212.87, for a total transaction of $881,068.93.

Atlassian Stock Up 1.4 %

NASDAQ TEAM traded up $2.72 during trading on Monday, hitting $194.27. The stock had a trading volume of 1,689,130 shares, compared to its average volume of 1,704,024. Atlassian Co. has a 12 month low of $128.02 and a 12 month high of $258.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50-day moving average price is $201.39 and its two-hundred day moving average price is $206.80. The company has a market capitalization of $50.40 billion, a PE ratio of -130.38 and a beta of 0.63.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. As a group, sell-side analysts forecast that Atlassian Co. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of analyst reports. Citigroup decreased their price objective on Atlassian from $280.00 to $265.00 and set a "buy" rating for the company in a research note on Friday, April 12th. Mizuho lowered their price target on Atlassian from $265.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, April 15th. UBS Group reduced their price objective on shares of Atlassian from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price objective on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Finally, StockNews.com lowered shares of Atlassian from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $224.25.

Hedge Funds Weigh In On Atlassian

A number of large investors have recently modified their holdings of the business. OFI Invest Asset Management acquired a new position in Atlassian during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC boosted its holdings in shares of Atlassian by 28.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company's stock valued at $52,000 after buying an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company's stock valued at $88,000 after buying an additional 271 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Atlassian by 255.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company's stock worth $96,000 after buying an additional 291 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Atlassian during the fourth quarter worth $107,000. 93.03% of the stock is currently owned by institutional investors and hedge funds.

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.