GSA Capital Partners LLP Buys 2,819 Shares of Atlassian Co. (NASDAQ:TEAM)

GSA Capital Partners LLP lifted its stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) by 140.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,827 shares of the technology company's stock after buying an additional 2,819 shares during the period. GSA Capital Partners LLP's holdings in Atlassian were worth $767,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TEAM. Sequoia Financial Advisors LLC lifted 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 period. Impax Asset Management Group plc raised its holdings in Atlassian by 590.6% during 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 during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Atlassian in the 3rd quarter worth approximately $97,350,000. National Pension Service boosted its stake in shares of Atlassian by 8.4% in the 3rd quarter. National Pension Service now owns 296,066 shares of the technology company's stock valued at $47,018,000 after purchasing an additional 22,883 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Atlassian during the second quarter worth $12,846,000. 93.03% of the stock is currently owned by institutional investors.

Insider Transactions at Atlassian

In other Atlassian news, CAO Gene Liu sold 445 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.00, for a total value of $102,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 58,723 shares of the company's stock, valued at $13,506,290. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $244.84, for a total value of $1,945,988.32. Following the completion of the sale, the director now owns 270,232 shares in the company, valued at $66,163,602.88. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,248 shares of company stock worth $45,553,294 over the last quarter. Corporate insiders own 38.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TEAM. Baird R W downgraded Atlassian from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 2nd. JMP Securities raised shares of Atlassian to a "hold" rating in a research note on Friday, August 2nd. Morgan Stanley upped their price objective on shares of Atlassian from $216.00 to $224.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Raymond James upped their price target on Atlassian from $200.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, KeyCorp upgraded Atlassian from a "sector weight" rating to an "overweight" rating and set a $260.00 price objective for the company in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and an average price target of $244.21.

Atlassian Stock Performance

Shares of NASDAQ:TEAM traded down $1.35 during midday trading on Monday, reaching $238.69. The company had a trading volume of 2,212,653 shares, compared to its average volume of 1,866,309. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $258.69. The company's 50 day moving average price is $187.95 and its 200 day moving average price is $174.61. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The stock has a market cap of $62.16 billion, a P/E ratio of -158.64 and a beta of 0.71.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The company's revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. As a group, sell-side analysts anticipate that Atlassian Co. will post -0.56 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.