Baillie Gifford & Co. Buys 78,454 Shares of Atlassian Co. (NASDAQ:TEAM)

Baillie Gifford & Co. boosted its stake in Atlassian Co. (NASDAQ:TEAM - Free Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,514,039 shares of the technology company's stock after purchasing an additional 78,454 shares during the period. Atlassian comprises approximately 1.0% of Baillie Gifford & Co.'s investment portfolio, making the stock its 23rd biggest position. Baillie Gifford & Co. owned approximately 3.27% of Atlassian worth $1,352,115,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TEAM. GSA Capital Partners LLP lifted its position in Atlassian by 140.4% in the 3rd quarter. GSA Capital Partners LLP now owns 4,827 shares of the technology company's stock valued at $767,000 after acquiring an additional 2,819 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Atlassian by 18.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,411 shares of the technology company's stock valued at $224,000 after purchasing an additional 221 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Atlassian by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,885 shares of the technology company's stock valued at $9,352,000 after purchasing an additional 1,121 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Atlassian by 8.0% during the 3rd quarter. Lindbrook Capital LLC now owns 1,802 shares of the technology company's stock worth $286,000 after acquiring an additional 133 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in Atlassian by 88.8% in the third quarter. Verdence Capital Advisors LLC now owns 3,503 shares of the technology company's stock worth $556,000 after purchasing an additional 1,648 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Trading Down 0.3 %

Atlassian stock traded down $0.67 during trading on Tuesday, hitting $245.18. The company's stock had a trading volume of 1,146,232 shares, compared to its average volume of 1,850,270. The stock's fifty day moving average is $181.17 and its 200 day moving average is $172.59. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $258.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $63.85 billion, a price-to-earnings ratio of -160.04 and a beta of 0.71.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned ($0.07) EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities research analysts predict that Atlassian Co. will post -0.56 EPS for the current year.

Insider Activity at Atlassian

In related news, CAO Gene Liu sold 1,024 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $225.45, for a total transaction of $230,860.80. Following the transaction, the chief accounting officer now owns 59,168 shares of the company's stock, valued at approximately $13,339,425.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $237.04, for a total transaction of $1,883,993.92. Following the transaction, the director now owns 278,180 shares of the company's stock, valued at $65,939,787.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gene Liu sold 1,024 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $225.45, for a total transaction of $230,860.80. Following the sale, the chief accounting officer now owns 59,168 shares in the company, valued at $13,339,425.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,662 shares of company stock valued at $44,653,051. Corporate insiders own 38.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Atlassian from $250.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Jefferies Financial Group upped their target price on shares of Atlassian from $240.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on shares of Atlassian from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. KeyCorp raised shares of Atlassian from a "sector weight" rating to an "overweight" rating and set a $260.00 target price for the company in a report on Friday, November 1st. Finally, Raymond James increased their price objective on shares of Atlassian from $200.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.16.

Atlassian 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.