Lbp Am Sa Makes New $1.64 Million Investment in Atlassian Co. (NASDAQ:TEAM)

LBP AM SA purchased a new stake in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,730 shares of the technology company's stock, valued at approximately $1,638,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avion Wealth raised its position in shares of Atlassian by 1,308.3% in the 4th quarter. Avion Wealth now owns 169 shares of the technology company's stock worth $41,000 after acquiring an additional 157 shares in the last quarter. Assetmark Inc. raised its position in shares of Atlassian by 30.6% in the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company's stock worth $43,000 after acquiring an additional 41 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of Atlassian in the 4th quarter worth approximately $49,000. True Wealth Design LLC raised its position in shares of Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company's stock worth $37,000 after acquiring an additional 231 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Atlassian in the 4th quarter worth approximately $56,000. Institutional investors own 94.45% of the company's stock.

Atlassian Trading Down 1.6 %

NASDAQ TEAM traded down $3.70 during trading hours on Thursday, hitting $226.16. 2,271,605 shares of the company were exchanged, compared to its average volume of 1,943,003. The stock has a 50-day moving average price of $271.91 and a 200 day moving average price of $235.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $326.00. The stock has a market cap of $59.25 billion, a PE ratio of -168.77 and a beta of 0.91.

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Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEAM has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on Atlassian from $264.00 to $304.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com upgraded Atlassian from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Citigroup upped their price target on Atlassian from $255.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Macquarie increased their target price on Atlassian from $290.00 to $317.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Mizuho increased their target price on Atlassian from $285.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.77.

Insider Activity

In other news, President Anutthara Bharadwaj sold 1,723 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total transaction of $526,962.32. Following the transaction, the president now owns 199,934 shares of the company's stock, valued at approximately $61,147,814.56. This represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $322.31, for a total value of $2,561,719.88. Following the completion of the transaction, the chief executive officer now directly owns 270,232 shares in the company, valued at approximately $87,098,475.92. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,553 shares of company stock valued at $71,627,261. 38.55% of the stock is currently owned by insiders.

Atlassian 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.