Nia Impact Advisors LLC Purchases Shares of 14,310 Atlassian Co. (NASDAQ:TEAM)

Nia Impact Advisors LLC purchased a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,310 shares of the technology company's stock, valued at approximately $3,483,000. Atlassian makes up 1.1% of Nia Impact Advisors LLC's portfolio, making the stock its 28th largest holding.

Several other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Atlassian by 72.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock valued at $1,042,737,000 after acquiring an additional 1,806,042 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Atlassian during the fourth quarter valued at $687,486,000. Invesco Ltd. lifted its position in Atlassian by 265.9% during the fourth quarter. Invesco Ltd. now owns 2,445,440 shares of the technology company's stock valued at $595,171,000 after buying an additional 1,777,179 shares during the period. Geode Capital Management LLC lifted its position in Atlassian by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,177,813 shares of the technology company's stock valued at $528,851,000 after buying an additional 27,899 shares during the period. Finally, Voya Investment Management LLC lifted its position in Atlassian by 17,941.0% during the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company's stock valued at $528,693,000 after buying an additional 2,160,810 shares during the period. Institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

TEAM has been the subject of several recent research reports. Piper Sandler reissued an "overweight" rating and set a $300.00 price objective (down previously from $365.00) on shares of Atlassian in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on Atlassian from $370.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Baird R W raised Atlassian from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Oppenheimer raised their price objective on Atlassian from $300.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $285.29.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 1,723 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total transaction of $526,962.32. Following the completion of the sale, the president now directly owns 199,934 shares in the company, valued at $61,147,814.56. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $185.61, for a total value of $1,475,228.28. Following the sale, the director now owns 333,816 shares of the company's stock, valued at approximately $61,959,587.76. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 267,301 shares of company stock valued at $60,975,089. 38.55% of the stock is owned by insiders.

Atlassian Stock Performance

NASDAQ:TEAM traded down $0.09 during mid-day trading on Friday, reaching $220.79. The company's stock had a trading volume of 1,730,232 shares, compared to its average volume of 2,096,411. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $326.00. The firm's fifty day moving average price is $213.69 and its two-hundred day moving average price is $246.60. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The stock has a market cap of $57.85 billion, a P/E ratio of -164.77 and a beta of 1.06.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. Atlassian's revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal year.

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.