Nicholas Company Inc. Sells 46,036 Shares of Atlassian Co. (NASDAQ:TEAM)

Nicholas Company Inc. cut its holdings in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,429 shares of the technology company's stock after selling 46,036 shares during the period. Nicholas Company Inc. owned 0.07% of Atlassian worth $47,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Avion Wealth lifted its holdings in Atlassian by 1,308.3% in the fourth quarter. Avion Wealth now owns 169 shares of the technology company's stock valued at $41,000 after buying an additional 157 shares during the period. Assetmark Inc. raised its position in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company's stock valued at $43,000 after acquiring an additional 41 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of Atlassian in the 4th quarter valued at $49,000. True Wealth Design LLC boosted its position in shares of Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company's stock worth $37,000 after purchasing an additional 231 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Atlassian during the fourth quarter worth $56,000. Institutional investors own 94.45% of the company's stock.

Insider Activity at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.31, for a total value of $2,561,719.88. Following the completion of the sale, the chief executive officer now owns 270,232 shares in the company, valued at $87,098,475.92. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Gene Liu sold 568 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $312.08, for a total transaction of $177,261.44. Following the transaction, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,553 shares of company stock valued at $71,627,261. 38.55% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair reissued an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. UBS Group increased their price target on shares of Atlassian from $275.00 to $330.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Scotiabank boosted their price objective on shares of Atlassian from $250.00 to $330.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Oppenheimer increased their target price on shares of Atlassian from $300.00 to $380.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Citigroup boosted their price target on shares of Atlassian from $255.00 to $300.00 and gave the company a "buy" rating in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.77.

Atlassian Stock Down 1.6 %

Shares of Atlassian stock traded down $3.70 during trading hours on Thursday, reaching $226.16. 2,300,320 shares of the company's stock were exchanged, compared to its average volume of 1,943,003. The stock has a market cap of $59.25 billion, a P/E ratio of -168.77 and a beta of 0.91. The company has a 50 day moving average of $271.91 and a two-hundred day moving average of $235.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) 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%. On average, sell-side analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal year.

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.