Atlassian Co. (NASDAQ:TEAM) Shares Sold by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in Atlassian Co. (NASDAQ:TEAM - Free Report) by 64.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,216 shares of the technology company's stock after selling 13,215 shares during the period. XTX Topco Ltd's holdings in Atlassian were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Atlassian in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new stake in Atlassian during the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Atlassian in the fourth quarter valued at $39,000. Avion Wealth lifted its stake in shares of Atlassian by 1,308.3% in the 4th quarter. Avion Wealth now owns 169 shares of the technology company's stock valued at $41,000 after purchasing an additional 157 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company's stock worth $43,000 after purchasing an additional 41 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 1,520 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.58, for a total value of $475,121.60. Following the completion of the transaction, the president now owns 201,657 shares in the company, valued at $63,033,945.06. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Gene Liu sold 568 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $312.08, for a total transaction of $177,261.44. Following the completion of the sale, the chief accounting officer now owns 52,142 shares in the company, valued at $16,272,475.36. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,513 shares of company stock valued at $67,123,959. 38.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TEAM has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Atlassian from $375.00 to $330.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird raised shares of Atlassian from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $320.00 to $255.00 in a research report on Monday. William Blair restated an "outperform" rating on shares of Atlassian in a research report on Friday, January 31st. Mizuho raised their target price on Atlassian from $285.00 to $355.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Raymond James reissued an "outperform" rating and set a $330.00 price target (up previously from $250.00) on shares of Atlassian in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Atlassian presently has an average rating of "Moderate Buy" and a consensus target price of $297.73.

Atlassian Stock Performance

Shares of NASDAQ TEAM traded down $2.56 during midday trading on Friday, reaching $202.75. 1,564,440 shares of the company were exchanged, compared to its average volume of 2,044,340. The stock has a fifty day simple moving average of $241.92 and a 200 day simple moving average of $241.88. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The stock has a market cap of $53.12 billion, a P/E ratio of -151.30 and a beta of 1.07. Atlassian Co. has a 1 year low of $135.29 and a 1 year high of $326.00.

Atlassian (NASDAQ:TEAM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS 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%. On average, research analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

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.