Defender Capital LLC. Acquires Shares of 2,104 Atlassian Co. (NASDAQ:TEAM)

Defender Capital LLC. bought a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,104 shares of the technology company's stock, valued at approximately $512,000. Atlassian comprises approximately 0.2% of Defender Capital LLC.'s holdings, making the stock its 22nd biggest holding.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Atlassian in the third quarter valued at $606,000. Sequoia Financial Advisors LLC increased its holdings in Atlassian by 37.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company's stock valued at $306,000 after buying an additional 520 shares during the last quarter. Fulton Bank N.A. purchased a new position in Atlassian in the fourth quarter valued at $447,000. Paloma Partners Management Co purchased a new position in shares of Atlassian during the third quarter worth about $1,588,000. Finally, Impax Asset Management Group plc grew its holdings in shares of Atlassian by 590.6% during the third 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 during the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Atlassian Stock Performance

NASDAQ TEAM traded down $4.09 on Thursday, hitting $267.24. The stock had a trading volume of 1,972,610 shares, compared to its average volume of 1,746,040. The company's 50-day moving average is $259.32 and its two-hundred day moving average is $206.76. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of -175.97 and a beta of 0.83. Atlassian Co. has a one year low of $135.29 and a one year high of $287.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. On average, analysts expect that Atlassian Co. will post -0.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group raised their price objective on Atlassian from $180.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on Atlassian from $259.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Robert W. Baird raised their price objective on Atlassian from $175.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Oppenheimer raised their price objective on Atlassian from $270.00 to $300.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Finally, Piper Sandler increased their target price on shares of Atlassian from $265.00 to $310.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $273.19.

Insider Transactions at Atlassian

In related news, President Anutthara Bharadwaj sold 4,560 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $225.45, for a total transaction of $1,028,052.00. Following the completion of the sale, the president now directly owns 224,436 shares of the company's stock, valued at $50,599,096.20. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 15,896 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were 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 of the company's stock, valued at approximately $104,529,711.60. This represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,240 shares of company stock valued at $66,529,872. Company insiders own 38.55% of the company's stock.

About Atlassian

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.