17,973 Shares in Atlassian Co. (NASDAQ:TEAM) Purchased by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. acquired a new position in Atlassian Co. (NASDAQ:TEAM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,973 shares of the technology company's stock, valued at approximately $4,374,000. Atlassian makes up approximately 2.5% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Atlassian in the 3rd quarter worth approximately $606,000. Sequoia Financial Advisors LLC grew its stake in shares of Atlassian by 37.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company's stock worth $306,000 after acquiring an additional 520 shares during the last quarter. Fulton Bank N.A. bought a new position in shares of Atlassian during the fourth quarter valued at $447,000. Paloma Partners Management Co purchased a new position in shares of Atlassian in the 3rd quarter worth about $1,588,000. Finally, Impax Asset Management Group plc boosted its stake in Atlassian by 590.6% in the 3rd quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company's stock worth $5,940,000 after purchasing an additional 31,986 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TEAM. BMO Capital Markets upgraded shares of Atlassian from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $255.00 to $292.00 in a research note on Friday, January 10th. Piper Sandler raised their price target on shares of Atlassian from $265.00 to $310.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on Atlassian from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Morgan Stanley lifted their target price on Atlassian from $259.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Macquarie initiated coverage on Atlassian in a report on Thursday, December 12th. They set a "neutral" rating and a $290.00 price target on the stock. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $272.00.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Heather Mirjahangir Fernandez sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $275.00, for a total transaction of $825,000.00. Following the completion of the sale, the director now directly owns 5,610 shares of the company's stock, valued at $1,542,750. This trade represents a 34.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $219.07, for a total transaction of $1,741,168.36. Following the completion of the transaction, the director now directly owns 309,972 shares in the company, valued at $67,905,566.04. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,668 shares of company stock valued at $65,408,691 over the last ninety days. 38.55% of the stock is currently owned by company insiders.

Atlassian Stock Performance

NASDAQ TEAM traded down $2.05 on Friday, reaching $252.20. 676,394 shares of the stock were exchanged, compared to its average volume of 1,743,675. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian Co. has a one year low of $135.29 and a one year high of $287.97. The firm has a market capitalization of $65.68 billion, a PE ratio of -165.98 and a beta of 0.83. The company's 50-day simple moving average is $256.07 and its two-hundred day simple moving average is $201.44.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned ($0.07) EPS. The company's revenue was up 21.5% on a year-over-year basis. Analysts expect that Atlassian Co. will post -0.55 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.