Pathstone Holdings LLC Has $7.55 Million Stock Holdings in Atlassian Co. (NASDAQ:TEAM)

Pathstone Holdings LLC lessened its holdings in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 21.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,549 shares of the technology company's stock after selling 13,008 shares during the period. Pathstone Holdings LLC's holdings in Atlassian were worth $7,551,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TEAM. Asset Dedication LLC boosted its holdings in Atlassian by 229.8% during the second quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock worth $27,000 after buying an additional 108 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Atlassian by 2,175.0% during the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock worth $32,000 after purchasing an additional 174 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Atlassian during the second quarter worth about $36,000. GAMMA Investing LLC raised its position in shares of Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock worth $37,000 after purchasing an additional 96 shares during the period. Finally, Reston Wealth Management LLC acquired a new stake in shares of Atlassian during the third quarter worth about $48,000. Institutional investors own 93.03% of the company's stock.

Atlassian Price Performance

NASDAQ TEAM traded up $6.61 during midday trading on Friday, hitting $260.58. The company had a trading volume of 2,162,041 shares, compared to its average volume of 1,870,860. The company has a market capitalization of $67.86 billion, a PE ratio of -167.05 and a beta of 0.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $194.53 and a 200-day moving average price of $176.48. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $262.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TEAM. BMO Capital Markets raised their price target on Atlassian from $177.00 to $255.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Baird R W lowered Atlassian from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 2nd. Raymond James lifted their target price on Atlassian from $200.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. JMP Securities raised Atlassian to a "hold" rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group boosted their price target on Atlassian from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.21.

Insider Buying and Selling

In other Atlassian news, Director Heather Mirjahangir Fernandez sold 750 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $185.50, for a total value of $139,125.00. Following the completion of the transaction, the director now directly owns 10,110 shares in the company, valued at approximately $1,875,405. This trade represents a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gene Liu sold 165 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $245.84, for a total value of $40,563.60. Following the completion of the transaction, the chief accounting officer now owns 56,423 shares of the company's stock, valued at $13,871,030.32. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,694 shares of company stock worth $49,012,774 in the last ninety days. 38.55% of the stock is owned by insiders.

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.