Atlassian Co. (NASDAQ:TEAM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Atlassian Co. (NASDAQ:TEAM - Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,579 shares of the technology company's stock after acquiring an additional 12,422 shares during the period. Charles Schwab Investment Management Inc. owned about 0.22% of Atlassian worth $92,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Asset Dedication LLC raised its holdings in shares of Atlassian by 229.8% in the second quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock valued at $27,000 after buying an additional 108 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Atlassian by 2,175.0% in the second quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock valued at $32,000 after buying an additional 174 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Atlassian in the second quarter valued at about $36,000. GAMMA Investing LLC raised its holdings in shares of Atlassian by 68.6% in the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company's stock valued at $37,000 after buying an additional 96 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in shares of Atlassian in the third quarter valued at about $48,000. 93.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atlassian

In other Atlassian news, CAO Gene Liu sold 1,024 shares of the stock in a transaction that occurred 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 $13,339,425.60. This trade represents a 1.70 % 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, President Anutthara Bharadwaj sold 760 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $163.11, for a total transaction of $123,963.60. Following the transaction, the president now directly owns 143,966 shares in the company, valued at approximately $23,482,294.26. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,694 shares of company stock valued at $49,802,725. Company insiders own 38.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TEAM shares. Canaccord Genuity Group boosted their price target on shares of Atlassian from $225.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. JMP Securities upgraded shares of Atlassian to a "hold" rating in a research note on Friday, August 2nd. Truist Financial boosted their price target on shares of Atlassian from $160.00 to $200.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Morgan Stanley boosted their price target on shares of Atlassian from $216.00 to $224.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Finally, Baird R W lowered shares of Atlassian from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $244.21.

Atlassian Stock Performance

Shares of TEAM opened at $262.23 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The company's 50 day simple moving average is $200.51 and its 200 day simple moving average is $178.12. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $269.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. As a group, research analysts forecast that Atlassian Co. will post -0.54 earnings per share for the current 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.