Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Atlassian Co. NASDAQ: TEAM. In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Atlassian stock on January 28th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Atlassian Stock Up 0.3 %
NASDAQ:TEAM traded up $1.07 during trading hours on Tuesday, hitting $314.17. 529,247 shares of the company traded hands, compared to its average volume of 2,010,506. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The company has a market cap of $82.31 billion, a PE ratio of -234.35 and a beta of 0.87. The firm's 50-day simple moving average is $270.89 and its 200-day simple moving average is $219.37. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00.
Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts predict that Atlassian Co. will post -0.34 earnings per share for the current year.
Hedge Funds Weigh In On Atlassian
A number of large investors have recently modified their holdings of TEAM. GAMMA Investing LLC raised its stake 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 acquiring an additional 96 shares in the last quarter. CWM LLC increased its holdings in shares of Atlassian by 270.6% in the third quarter. CWM LLC now owns 7,875 shares of the technology company's stock worth $1,251,000 after buying an additional 5,750 shares during the period. Creative Planning lifted its position in Atlassian by 32.3% in the third quarter. Creative Planning now owns 7,947 shares of the technology company's stock valued at $1,262,000 after purchasing an additional 1,941 shares during the last quarter. Swedbank AB increased its stake in shares of Atlassian by 4.2% in the third quarter. Swedbank AB now owns 63,535 shares of the technology company's stock worth $10,090,000 after buying an additional 2,539 shares during the period. Finally, Slow Capital Inc. bought a new stake in Atlassian in the 3rd quarter worth $5,228,000. 94.45% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Atlassian
In related news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Friday, February 14th. The shares were sold at an average price of $311.90, for a total value of $2,478,981.20. Following the sale, the chief executive officer now owns 238,440 shares in the company, valued at $74,369,436. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heather Mirjahangir Fernandez sold 3,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $275.00, for a total transaction of $825,000.00. Following the completion of the transaction, the director now owns 5,610 shares of the company's stock, valued at $1,542,750. This trade represents a 34.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,778 shares of company stock worth $74,139,055. Company insiders own 38.55% of the company's stock.
Wall Street Analyst Weigh In
TEAM has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on shares of Atlassian from $300.00 to $380.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Scotiabank upped 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. Piper Sandler increased their target price on shares of Atlassian from $310.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. StockNews.com lowered shares of Atlassian from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Atlassian from $255.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $319.71.
Check Out Our Latest Analysis on TEAM
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Atlassian
(
Get Free Report)
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.
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