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Atlassian Co. (NASDAQ:TEAM) President Sells $121,600.00 in Stock

Atlassian logo with Computer and Technology background

Atlassian Co. (NASDAQ:TEAM - Get Free Report) President Anutthara Bharadwaj sold 760 shares of the company's stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $160.00, for a total value of $121,600.00. Following the completion of the sale, the president now owns 153,294 shares in the company, valued at approximately $24,527,040. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, May 17th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $181.58, for a total value of $138,000.80.
  • On Tuesday, May 14th, Anutthara Bharadwaj sold 4,856 shares of Atlassian stock. The shares were sold at an average price of $184.26, for a total value of $894,766.56.
  • On Tuesday, April 23rd, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $200.00, for a total value of $152,000.00.
  • On Friday, April 19th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The shares were sold at an average price of $193.63, for a total value of $147,158.80.

Atlassian Stock Up 1.4 %

Shares of Atlassian stock traded up $2.29 on Monday, hitting $164.75. The company had a trading volume of 1,753,498 shares, compared to its average volume of 1,759,680. The stock has a market capitalization of $42.88 billion, a price-to-earnings ratio of -261.51 and a beta of 0.73. Atlassian Co. has a 1 year low of $152.34 and a 1 year high of $258.69. The stock has a 50 day moving average of $173.97 and a 200-day moving average of $202.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18.


Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.27. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. Atlassian's revenue was up 29.9% on a year-over-year basis. During the same period last year, the business posted ($0.40) earnings per share. As a group, sell-side analysts forecast that Atlassian Co. will post -0.21 earnings per share for the current year.

Institutional Trading of Atlassian

A number of institutional investors and hedge funds have recently modified their holdings of TEAM. Vanguard Group Inc. grew its holdings in Atlassian by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company's stock valued at $3,039,287,000 after purchasing an additional 221,650 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company's stock valued at $2,173,847,000 after purchasing an additional 904,138 shares during the period. WCM Investment Management LLC grew its holdings in Atlassian by 2.7% during the fourth quarter. WCM Investment Management LLC now owns 9,640,536 shares of the technology company's stock valued at $2,325,490,000 after purchasing an additional 249,017 shares during the period. Baillie Gifford & Co. grew its holdings in Atlassian by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company's stock valued at $2,094,980,000 after purchasing an additional 1,511,318 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Atlassian by 7.9% during the fourth quarter. Brown Advisory Inc. now owns 3,473,105 shares of the technology company's stock valued at $826,113,000 after purchasing an additional 255,653 shares during the period. 93.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays upgraded Atlassian from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $235.00 to $275.00 in a research report on Thursday, April 11th. TD Cowen cut their target price on Atlassian from $220.00 to $210.00 and set a "hold" rating on the stock in a research report on Friday, April 26th. Piper Sandler dropped their price target on Atlassian from $225.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, April 26th. KeyCorp began coverage on Atlassian in a research note on Tuesday, March 19th. They set a "sector weight" rating on the stock. Finally, Truist Financial dropped their price target on Atlassian from $220.00 to $200.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $221.28.

Read Our Latest Report on TEAM

Atlassian Company Profile

(Get Free Report)

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.

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