Atlassian Co. (NASDAQ:TEAM) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 225.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,698 shares of the technology company's stock after purchasing an additional 78,098 shares during the quarter. Atlassian accounts for approximately 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 21st biggest position. Aquatic Capital Management LLC's holdings in Atlassian were worth $27,428,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Oxford Asset Management LLP acquired a new stake in shares of Atlassian during the fourth quarter worth $243,000. Lord Abbett & CO. LLC acquired a new stake in shares of Atlassian during the fourth quarter worth $22,634,000. Voyager Global Management LP acquired a new stake in shares of Atlassian during the fourth quarter worth $24,338,000. Voya Investment Management LLC lifted its holdings in shares of 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 worth $528,693,000 after purchasing an additional 2,160,810 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Atlassian by 0.8% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 27,251 shares of the technology company's stock worth $6,637,000 after purchasing an additional 226 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlassian

In other Atlassian news, President Anutthara Bharadwaj sold 1,520 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $312.58, for a total transaction of $475,121.60. Following the transaction, the president now owns 201,657 shares of the company's stock, valued at $63,033,945.06. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Gene Liu sold 779 shares of the 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 transaction, the chief accounting officer now directly owns 52,710 shares in the company, valued at approximately $16,867,727.10. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,513 shares of company stock valued at $65,866,506. Company insiders own 38.55% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TEAM. UBS Group decreased their price target on Atlassian from $330.00 to $230.00 and set a "neutral" rating for the company in a report on Tuesday, April 1st. KeyCorp cut their price target on shares of Atlassian from $365.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company decreased their price objective on shares of Atlassian from $375.00 to $330.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Citigroup upped their target price on shares of Atlassian from $255.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Scotiabank upped their target price on shares of Atlassian from $250.00 to $330.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Five 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 currently has an average rating of "Moderate Buy" and an average target price of $301.90.

Atlassian Trading Up 0.5 %

Shares of TEAM traded up $1.15 on Monday, hitting $229.83. 1,722,420 shares of the stock traded hands, compared to its average volume of 2,047,927. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $60.22 billion, a P/E ratio of -171.51 and a beta of 1.07. The stock's 50 day moving average is $227.77 and its two-hundred day moving average is $244.92. Atlassian Co. has a 1 year low of $135.29 and a 1 year 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 net margin of 7.22% and a negative return on equity of 17.37%. As a group, sell-side analysts predict that Atlassian Co. will post -0.34 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.