Benjamin F. Edwards & Company Inc. Purchases 1,084 Shares of Atlassian Co. (NASDAQ:TEAM)

Benjamin F. Edwards & Company Inc. boosted its position in Atlassian Co. (NASDAQ:TEAM) by 12,044.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,093 shares of the technology company’s stock after acquiring an additional 1,084 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Atlassian were worth $260,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Atlassian during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC increased its position in shares of 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 buying an additional 57 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Atlassian by 271.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock worth $88,000 after acquiring an additional 271 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Atlassian in the 3rd quarter valued at approximately $99,000. Finally, GAMMA Investing LLC acquired a new position in shares of Atlassian in the fourth quarter valued at approximately $107,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TEAM. KeyCorp assumed coverage on shares of Atlassian in a report on Tuesday, March 19th. They set a “sector weight” rating on the stock. Canaccord Genuity Group dropped their target price on shares of Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Piper Sandler reduced their price target on Atlassian from $225.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, April 26th. StockNews.com raised Atlassian from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Robert W. Baird cut their price objective on Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $223.22.

Insider Buying and Selling

In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the completion of the sale, the chief executive officer now directly owns 263,712 shares in the company, valued at $57,573,603.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Gene Liu sold 227 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $48,321.49. Following the sale, the chief accounting officer now owns 47,066 shares of the company’s stock, valued at approximately $10,018,939.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott Farquhar sold 8,241 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $218.32, for a total value of $1,799,175.12. Following the sale, the chief executive officer now owns 263,712 shares in the company, valued at $57,573,603.84. The disclosure for this sale can be found here. Insiders sold 308,691 shares of company stock valued at $61,115,840 over the last quarter. 40.48% of the stock is owned by company insiders.

Atlassian Stock Performance

Shares of NASDAQ:TEAM opened at $179.85 on Friday. Atlassian Co. has a 12-month low of $132.32 and a 12-month high of $258.69. The company’s 50 day moving average price is $195.22 and its two-hundred day moving average price is $205.60. The firm has a market cap of $46.81 billion, a PE ratio of -285.48 and a beta of 0.67. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) EPS. Equities research analysts predict that Atlassian Co. will post -0.29 earnings per share for the current 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.