Banque Cantonale Vaudoise Has $3 Million Stake in Atlassian Co. (NASDAQ:TEAM)

Banque Cantonale Vaudoise boosted its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,877 shares of the technology company's stock after acquiring an additional 4,583 shares during the quarter. Banque Cantonale Vaudoise's holdings in Atlassian were worth $2,998,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TEAM. Asset Dedication LLC boosted its stake in shares of Atlassian by 229.8% during the second quarter. Asset Dedication LLC now owns 155 shares of the technology company's stock valued at $27,000 after acquiring 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 2nd 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 purchased a new stake in shares of Atlassian during the 2nd quarter valued at about $36,000. Crewe Advisors LLC purchased a new stake in shares of Atlassian during the 1st quarter valued at about $43,000. Finally, GAMMA Investing LLC increased its holdings in Atlassian by 68.6% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 93.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TEAM shares. JMP Securities upgraded Atlassian to a "hold" rating in a report on Friday, August 2nd. Truist Financial increased their price target on Atlassian from $160.00 to $200.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. The Goldman Sachs Group upgraded Atlassian from a "neutral" rating to a "buy" rating and upped their price objective for the company from $200.00 to $230.00 in a report on Friday, August 2nd. Raymond James upped their target price on Atlassian from $200.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Piper Sandler upped their target price on Atlassian from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.21.

Insider Buying and Selling

In other news, CAO Gene Liu sold 165 shares of Atlassian stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $245.84, for a total value of $40,563.60. Following the completion of the sale, the chief accounting officer now directly owns 56,423 shares of the company's stock, valued at approximately $13,871,030.32. This trade represents a 0.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Farquhar sold 7,948 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $164.81, for a total value of $1,309,909.88. Following the completion of the transaction, the chief executive officer now owns 182,804 shares in the company, valued at $30,127,927.24. This represents a 4.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,746 shares of company stock worth $47,067,024 in the last 90 days. 38.55% of the stock is owned by company insiders.

Atlassian Stock Down 0.9 %

Shares of NASDAQ TEAM traded down $2.28 during mid-day trading on Wednesday, reaching $245.45. 1,515,555 shares of the company traded hands, compared to its average volume of 1,868,356. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $63.92 billion, a PE ratio of -162.98 and a beta of 0.71. The company's fifty day moving average is $191.18 and its two-hundred day moving average is $175.45. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts expect that Atlassian Co. will post -0.56 earnings per share for the current year.

Atlassian Company 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.