Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 760 Shares of Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $200.00, for a total value of $152,000.00. Following the transaction, the president now owns 161,850 shares of the company’s stock, valued at approximately $32,370,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $201.05, for a total value of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The shares were sold at an average price of $204.40, for a total value of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The shares were sold at an average price of $212.87, for a total value of $881,068.93.

Atlassian Stock Performance

TEAM opened at $199.01 on Thursday. The stock’s 50 day moving average price is $200.84 and its 200-day moving average price is $206.75. Atlassian Co. has a one year low of $128.02 and a one year high of $258.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative net margin of 9.87% and a negative return on equity of 34.56%. On average, sell-side analysts forecast that Atlassian Co. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. OFI Invest Asset Management bought a new position in shares of Atlassian during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC grew its stake in Atlassian by 28.5% in the third quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock worth $52,000 after purchasing an additional 57 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock worth $88,000 after purchasing an additional 271 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Atlassian by 255.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after purchasing an additional 291 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in Atlassian in the fourth quarter worth approximately $107,000. Institutional investors own 93.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TEAM shares. William Blair restated an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. KeyCorp began coverage on Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating for the company. The Goldman Sachs Group upped their price objective on Atlassian from $188.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $235.00 to $275.00 in a research note on Thursday, April 11th. Finally, Truist Financial boosted their target price on Atlassian from $180.00 to $220.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $224.25.

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.