1,050 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Atlassian Co. (NASDAQ:TEAM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,050 shares of the technology company's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEAM. Creative Planning lifted its holdings in shares of Atlassian by 32.3% during the 3rd quarter. Creative Planning now owns 7,947 shares of the technology company's stock worth $1,262,000 after acquiring an additional 1,941 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Atlassian by 37.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company's stock valued at $306,000 after purchasing an additional 520 shares during the last quarter. Signaturefd LLC lifted its holdings in Atlassian by 4.8% during the 3rd quarter. Signaturefd LLC now owns 2,411 shares of the technology company's stock valued at $383,000 after purchasing an additional 111 shares during the last quarter. Eastern Bank bought a new position in Atlassian during the 3rd quarter valued at about $217,000. Finally, Stanley Laman Group Ltd. bought a new position in Atlassian during the 3rd quarter valued at about $6,046,000. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

TEAM has been the subject of several analyst reports. William Blair reissued an "outperform" rating on shares of Atlassian in a report on Friday, January 31st. Jefferies Financial Group lifted their price target on shares of Atlassian from $300.00 to $325.00 and gave the company a "buy" rating in a report on Friday, January 24th. JMP Securities reissued a "market perform" rating on shares of Atlassian in a report on Friday, January 31st. Morgan Stanley lifted their price target on shares of Atlassian from $315.00 to $370.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Macquarie raised their price objective on shares of Atlassian from $290.00 to $317.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Atlassian has a consensus rating of "Moderate Buy" and an average price target of $319.71.

Insider Transactions at Atlassian

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $297.51, for a total value of $2,364,609.48. Following the sale, the chief executive officer now owns 214,596 shares of the company's stock, valued at $63,844,455.96. The trade was a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Gene Liu sold 568 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.08, for a total transaction of $177,261.44. Following the transaction, the chief accounting officer now owns 52,142 shares in the company, valued at approximately $16,272,475.36. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,449 shares of company stock valued at $77,580,151 over the last 90 days. 38.55% of the stock is owned by corporate insiders.

Atlassian Stock Down 4.2 %

TEAM traded down $12.50 during trading on Friday, reaching $285.99. The company had a trading volume of 1,717,448 shares, compared to its average volume of 2,056,392. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00. The business's fifty day moving average price is $272.83 and its 200 day moving average price is $221.70. The company has a market cap of $74.93 billion, a P/E ratio of -213.42 and a beta of 0.87.

Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Equities analysts anticipate that Atlassian Co. will post -0.34 EPS for the current 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.