International Assets Investment Management LLC Acquires New Holdings in Atlassian Co. (NASDAQ:TEAM)

International Assets Investment Management LLC acquired a new stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,038 shares of the technology company's stock, valued at approximately $13,805,000.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Atlassian during the third quarter worth about $26,000. Carmel Capital Partners LLC raised its position in 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 purchasing an additional 57 shares during the last quarter. Operose Advisors LLC acquired a new position in Atlassian in the third quarter worth $99,000. First Horizon Advisors Inc. grew its holdings in shares of Atlassian by 33.4% during the third quarter. First Horizon Advisors Inc. now owns 571 shares of the technology company's stock worth $115,000 after purchasing an additional 143 shares during the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Atlassian by 30.4% in the fourth quarter. Valley National Advisers Inc. now owns 579 shares of the technology company's stock valued at $137,000 after buying an additional 135 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Atlassian from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday, February 2nd. Robert W. Baird lowered their target price on Atlassian from $270.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. TD Cowen cut their price target on Atlassian from $220.00 to $210.00 and set a "hold" rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company lifted their price objective on Atlassian from $275.00 to $285.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Finally, Oppenheimer dropped their price objective on Atlassian from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.22.

Atlassian Stock Down 0.0 %

TEAM traded down $0.03 during trading on Friday, reaching $183.52. The company had a trading volume of 1,526,433 shares, compared to its average volume of 1,947,678. The company has a market cap of $47.61 billion, a P/E ratio of -291.30 and a beta of 0.67. 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 0.82, a current ratio of 1.18 and a quick ratio of 1.07. The business's fifty day moving average price is $197.23 and its 200 day moving average price is $206.07.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.62 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.10 billion. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The firm's revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) EPS. Equities analysts anticipate that Atlassian Co. will post -0.29 EPS for the current year.

Insider Activity

In other Atlassian news, CEO Michael Cannon-Brookes sold 8,241 shares of Atlassian stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $213.49, for a total value of $1,759,371.09. Following the sale, the chief executive officer now directly owns 280,194 shares in the company, valued at approximately $59,818,617.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Rajeev Bashyam Rajan sold 872 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total value of $185,622.64. Following the completion of the sale, the chief technology officer now owns 142,103 shares of the company's stock, valued at approximately $30,249,465.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $213.49, for a total transaction of $1,759,371.09. Following the completion of the transaction, the chief executive officer now directly owns 280,194 shares of the company's stock, valued at $59,818,617.06. The disclosure for this sale can be found here. Insiders have sold 300,450 shares of company stock worth $60,110,850 over the last ninety days. Insiders own 40.48% 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.