OneDigital Investment Advisors LLC Has $501,000 Stock Holdings in Atlassian Co. (NASDAQ:TEAM)

OneDigital Investment Advisors LLC cut its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 40.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,058 shares of the technology company's stock after selling 1,398 shares during the period. OneDigital Investment Advisors LLC's holdings in Atlassian were worth $501,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Atlassian during the third quarter valued at $606,000. SkyView Investment Advisors LLC raised its position in shares of Atlassian by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company's stock worth $656,000 after buying an additional 122 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Atlassian by 59.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,901 shares of the technology company's stock valued at $461,000 after acquiring an additional 1,081 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Atlassian by 143.2% during the third quarter. Tidal Investments LLC now owns 12,605 shares of the technology company's stock valued at $2,002,000 after acquiring an additional 7,422 shares during the period. Finally, Synovus Financial Corp raised its holdings in Atlassian by 26.4% during the third quarter. Synovus Financial Corp now owns 19,962 shares of the technology company's stock worth $3,170,000 after purchasing an additional 4,173 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Insider Activity at Atlassian

In related news, CAO Gene Liu sold 779 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $320.01, for a total transaction of $249,287.79. Following the completion of the transaction, the chief accounting officer now owns 52,710 shares in the company, valued at $16,867,727.10. This trade represents a 1.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $308.86, for a total transaction of $2,454,819.28. Following the completion of the sale, the director now owns 317,920 shares in the company, valued at $98,192,771.20. This represents a 2.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,513 shares of company stock worth $65,540,320 over the last three months. Company insiders own 38.55% of the company's stock.

Atlassian Stock Performance

NASDAQ:TEAM traded down $0.18 during mid-day trading on Wednesday, hitting $228.31. 1,629,966 shares of the company's stock traded hands, compared to its average volume of 2,039,937. 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 firm has a 50 day moving average of $226.37 and a two-hundred day moving average of $244.81. The firm has a market capitalization of $59.82 billion, a price-to-earnings ratio of -170.38 and a beta of 1.07. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. On average, equities analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEAM has been the topic of several research analyst reports. UBS Group lowered their price target on Atlassian from $330.00 to $230.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 1st. Citigroup upped their price target on shares of Atlassian from $255.00 to $300.00 and gave the company a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group dropped their target price on shares of Atlassian from $330.00 to $262.00 and set a "buy" rating on the stock in a report on Monday, April 7th. JMP Securities restated a "market perform" rating on shares of Atlassian in a report on Friday, January 31st. Finally, Macquarie raised Atlassian from a "neutral" rating to an "outperform" rating and reduced their price objective for the stock from $317.00 to $270.00 in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $301.90.

About Atlassian

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.