Atlassian Co. (NASDAQ:TEAM) Shares Bought by Capital International Sarl

Capital International Sarl boosted its holdings in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,011 shares of the technology company's stock after buying an additional 4,040 shares during the period. Capital International Sarl's holdings in Atlassian were worth $15,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its holdings in Atlassian by 81.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 142,236 shares of the technology company's stock valued at $34,617,000 after acquiring an additional 64,032 shares during the period. Marshall Wace LLP boosted its stake in Atlassian by 10,347.4% during the fourth quarter. Marshall Wace LLP now owns 261,185 shares of the technology company's stock worth $63,567,000 after buying an additional 258,685 shares during the last quarter. NewEdge Advisors LLC raised its stake in Atlassian by 41.2% during the fourth quarter. NewEdge Advisors LLC now owns 3,165 shares of the technology company's stock worth $770,000 after purchasing an additional 924 shares during the period. Twin Focus Capital Partners LLC acquired a new position in Atlassian in the fourth quarter valued at approximately $232,000. Finally, United Capital Financial Advisors LLC increased its position in shares of Atlassian by 6.0% during the 4th quarter. United Capital Financial Advisors LLC now owns 2,095 shares of the technology company's stock worth $510,000 after purchasing an additional 118 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Atlassian Stock Performance

NASDAQ:TEAM traded up $8.05 during mid-day trading on Wednesday, reaching $208.35. The stock had a trading volume of 732,482 shares, compared to its average volume of 2,046,116. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The business has a 50 day simple moving average of $234.84 and a 200 day simple moving average of $243.17. The firm has a market capitalization of $54.59 billion, a price-to-earnings ratio of -155.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted 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, analysts expect that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Atlassian

In other news, CAO Gene Liu sold 568 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.08, for a total value of $177,261.44. Following the completion of the transaction, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $265.33, for a total transaction of $2,108,842.84. Following the completion of the sale, the chief executive officer now owns 365,608 shares in the company, valued at $97,006,770.64. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,513 shares of company stock worth $66,621,566 over the last 90 days. Company insiders own 38.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TEAM. UBS Group decreased their price target on Atlassian from $330.00 to $230.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. William Blair restated an "outperform" rating on shares of Atlassian in a research note on Friday, January 31st. Mizuho raised their target price on Atlassian from $285.00 to $355.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Piper Sandler upped their price target on Atlassian from $310.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald raised shares of Atlassian from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $304.00 to $272.00 in a report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $297.73.

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.