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Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in Atlassian Co. (NASDAQ:TEAM)

Atlassian logo with Computer and Technology background

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Atlassian Co. (NASDAQ:TEAM - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,000 shares of the technology company's stock, valued at approximately $4,281,000.

Other large investors also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Atlassian by 271.0% during 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 during the period. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 291 shares in the last quarter. Operose Advisors LLC bought a new stake in Atlassian during the third quarter worth about $99,000. GAMMA Investing LLC bought a new stake in Atlassian during the fourth quarter worth about $107,000. Finally, Hennessy Advisors Inc. bought a new stake in Atlassian during the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 93.03% of the company's stock.

Atlassian Price Performance

Shares of TEAM traded down $3.44 during midday trading on Wednesday, hitting $153.18. 1,302,612 shares of the company traded hands, compared to its average volume of 1,857,256. The firm has a 50 day moving average of $176.53 and a 200-day moving average of $202.80. Atlassian Co. has a 52 week low of $152.70 and a 52 week high of $258.69. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of -243.14 and a beta of 0.73. 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 released 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. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned ($0.40) EPS. The business's revenue was up 29.9% on a year-over-year basis. On average, analysts forecast that Atlassian Co. will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Atlassian from $220.00 to $200.00 and set a "hold" rating for the company in a report on Friday, April 26th. Mizuho decreased their target price on shares of Atlassian from $240.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, April 26th. KeyCorp started coverage on shares of Atlassian in a research note on Tuesday, March 19th. They set a "sector weight" rating for the company. StockNews.com upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Friday, June 7th. Finally, Piper Sandler decreased their target price on shares of Atlassian from $225.00 to $200.00 and set a "neutral" rating for the company in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $223.22.

Get Our Latest Research Report on TEAM

Insider Activity

In related news, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $192.73, for a total value of $1,588,287.93. Following the sale, the chief executive officer now directly owns 32,964 shares of the company's stock, valued at approximately $6,353,151.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $192.73, for a total value of $1,588,287.93. Following the transaction, the chief executive officer now directly owns 32,964 shares in the company, valued at approximately $6,353,151.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 760 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $200.00, for a total transaction of $152,000.00. Following the completion of the transaction, the president now owns 161,850 shares in the company, valued at $32,370,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,559 shares of company stock worth $51,114,580. 40.48% of the stock is currently owned by corporate insiders.

About Atlassian

(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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Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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