Atlassian Co. (NASDAQ:TEAM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,467 shares of the technology company's stock after selling 1,733 shares during the period. Blair William & Co. IL's holdings in Atlassian were worth $13,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TEAM. JPMorgan Chase & Co. increased its stake in Atlassian by 72.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,284,400 shares of the technology company's stock worth $1,042,737,000 after buying an additional 1,806,042 shares during the period. State Street Corp grew its stake in Atlassian by 0.3% in the 3rd quarter. State Street Corp now owns 3,560,381 shares of the technology company's stock worth $565,424,000 after acquiring an additional 8,957 shares in the last quarter. FMR LLC increased its position in shares of Atlassian by 7.4% during the third quarter. FMR LLC now owns 2,182,980 shares of the technology company's stock worth $346,679,000 after acquiring an additional 150,237 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Atlassian by 2.8% in the third quarter. Geode Capital Management LLC now owns 2,149,914 shares of the technology company's stock valued at $340,453,000 after purchasing an additional 57,911 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Atlassian by 5.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,210,351 shares of the technology company's stock worth $192,216,000 after purchasing an additional 58,536 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

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Insider Transactions at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $253.01, for a total value of $2,010,923.48. Following the completion of the transaction, the director now directly owns 389,452 shares of the company's stock, valued at approximately $98,535,250.52. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 15,896 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $243.55, for a total transaction of $3,871,470.80. Following the sale, the chief executive officer now directly owns 429,192 shares in the company, valued at $104,529,711.60. The trade was a 3.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,981 shares of company stock worth $72,069,956 over the last 90 days. 38.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TEAM. Morgan Stanley lifted their target price on Atlassian from $315.00 to $370.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. KeyCorp upped their price objective on shares of Atlassian from $315.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Atlassian in a report on Friday, January 31st. Stephens started coverage on shares of Atlassian in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $255.00 price target for the company. Finally, Jefferies Financial Group cut their price objective on shares of Atlassian from $400.00 to $330.00 and set a "buy" rating on the stock in a report on Monday. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $308.73.

Atlassian Stock Performance

TEAM traded up $8.09 on Wednesday, reaching $224.50. 796,740 shares of the stock were exchanged, compared to its average volume of 2,203,323. The company's 50-day moving average price is $267.68 and its 200 day moving average price is $239.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $58.82 billion, a PE ratio of -167.54 and a beta of 1.07. 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 released its 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%. As a group, sell-side analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal 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.