Vontobel Holding Ltd. Sells 1,263 Shares of Atlassian Co. (NASDAQ:TEAM)

Vontobel Holding Ltd. decreased its position in Atlassian Co. (NASDAQ:TEAM - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,072 shares of the technology company's stock after selling 1,263 shares during the period. Vontobel Holding Ltd.'s holdings in Atlassian were worth $991,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. increased its holdings in shares of Atlassian by 760.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company's stock worth $110,972,000 after purchasing an additional 617,566 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Atlassian by 122.0% during the third quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company's stock valued at $159,382,000 after buying an additional 551,500 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Atlassian during the 3rd quarter valued at about $57,149,000. Parnassus Investments LLC grew its stake in shares of Atlassian by 322.9% in the third quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company's stock worth $51,016,000 after acquiring an additional 245,286 shares during the period. Finally, PointState Capital LP purchased a new position in shares of Atlassian during the third quarter valued at approximately $30,566,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TEAM. Citigroup lifted 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. KeyCorp lifted their price objective on Atlassian from $315.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on Atlassian from $245.00 to $370.00 and gave the company a "buy" rating in a report on Monday, February 3rd. StockNews.com upgraded Atlassian from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Barclays upped their price target on shares of Atlassian from $275.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $319.71.

Insider Buying and Selling

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $236.89, for a total value of $1,882,801.72. Following the sale, the chief executive officer now owns 421,244 shares in the company, valued at $99,788,491.16. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heather Mirjahangir Fernandez sold 3,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $275.00, for a total value of $825,000.00. Following the transaction, the director now owns 5,610 shares of the company's stock, valued at approximately $1,542,750. The trade was a 34.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,501 shares of company stock worth $75,215,542. 38.55% of the stock is owned by insiders.

Atlassian Price Performance

Shares of Atlassian stock traded down $12.50 during trading hours on Friday, hitting $285.99. The company's stock had a trading volume of 1,717,445 shares, compared to its average volume of 2,056,123. The company has a market cap of $74.93 billion, a PE ratio of -213.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50 day moving average price of $272.83 and a two-hundred day moving average price of $221.70. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Analysts expect that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

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.