10,800 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by Versor Investments LP

Versor Investments LP bought a new stake in Atlassian Co. (NASDAQ:TEAM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,800 shares of the technology company's stock, valued at approximately $1,910,000.

Other institutional investors have also recently made changes to their positions in the company. Hollencrest Capital Management raised its position in shares of Atlassian by 383.9% during the 1st quarter. Hollencrest Capital Management now owns 150 shares of the technology company's stock worth $29,000 after acquiring an additional 119 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Atlassian by 2,175.0% in the 2nd quarter. Trust Co. of Vermont now owns 182 shares of the technology company's stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Atlassian in the second quarter valued at $36,000. Edmond DE Rothschild Holding S.A. acquired a new position in Atlassian during the first quarter worth approximately $40,000. Finally, Crewe Advisors LLC acquired a new position in shares of Atlassian in the 1st quarter valued at about $43,000. 93.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEAM has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Atlassian from $285.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, June 21st. BMO Capital Markets dropped their price target on Atlassian from $220.00 to $177.00 and set a "market perform" rating on the stock in a report on Friday, August 2nd. Barclays dropped their price target on shares of Atlassian from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Baird R W downgraded Atlassian from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 2nd. Finally, Capital One Financial raised shares of Atlassian from an "equal weight" rating to an "overweight" rating and set a $211.00 price target for the company in a report on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $217.69.

Atlassian Trading Down 1.1 %

Shares of Atlassian stock traded down $1.85 on Monday, hitting $165.60. 1,428,600 shares of the company traded hands, compared to its average volume of 1,786,461. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a market cap of $43.11 billion, a PE ratio of -262.86 and a beta of 0.74. The stock's 50 day moving average price is $166.34 and its 200-day moving average price is $179.41. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $258.69.

Atlassian (NASDAQ:TEAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.07. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Atlassian's revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts predict that Atlassian Co. will post -0.58 EPS for the current year.

Insider Buying and Selling at Atlassian

In other news, CEO Scott Farquhar sold 8,241 shares of the firm's stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $157.52, for a total value of $1,298,122.32. Following the completion of the transaction, the chief executive officer now directly owns 127,461 shares in the company, valued at $20,077,656.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $166.36, for a total transaction of $1,322,229.28. Following the completion of the sale, the chief executive officer now owns 158,960 shares in the company, valued at $26,444,585.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott Farquhar sold 8,241 shares of the business's stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $157.52, for a total transaction of $1,298,122.32. Following the transaction, the chief executive officer now owns 127,461 shares in the company, valued at $20,077,656.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 256,348 shares of company stock worth $42,730,178. 40.48% of the stock is owned by corporate 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.