Anutthara Bharadwaj Sells 3,594 Shares of Atlassian Co. Plc (NASDAQ:TEAM) Stock

Atlassian Co. Plc (NASDAQ:TEAMGet Rating) COO Anutthara Bharadwaj sold 3,594 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $115.37, for a total transaction of $414,639.78. Following the completion of the transaction, the chief operating officer now owns 106,160 shares in the company, valued at $12,247,679.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anutthara Bharadwaj also recently made the following trade(s):

  • On Monday, November 14th, Anutthara Bharadwaj sold 1,675 shares of Atlassian stock. The shares were sold at an average price of $134.92, for a total transaction of $225,991.00.

Atlassian Trading Up 7.0 %

TEAM stock opened at $124.50 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 1.25. Atlassian Co. Plc has a one year low of $113.86 and a one year high of $404.68. The firm has a 50 day simple moving average of $187.80 and a two-hundred day simple moving average of $203.94.

Atlassian (NASDAQ:TEAMGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.46. Atlassian had a negative net margin of 7.60% and a negative return on equity of 71.10%. The business had revenue of $807.39 million during the quarter, compared to analysts’ expectations of $806.42 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Atlassian Co. Plc will post -0.9 EPS for the current year.

Hedge Funds Weigh In On Atlassian

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC grew its stake in Atlassian by 23.6% in the 3rd quarter. IHT Wealth Management LLC now owns 2,468 shares of the technology company’s stock worth $520,000 after buying an additional 472 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Atlassian by 52.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,465 shares of the technology company’s stock valued at $520,000 after purchasing an additional 847 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Atlassian by 31.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 1,875 shares of the technology company’s stock valued at $394,000 after purchasing an additional 447 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in shares of Atlassian by 3.5% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 10,289 shares of the technology company’s stock valued at $2,167,000 after purchasing an additional 349 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Atlassian by 5.0% in the 3rd quarter. M&T Bank Corp now owns 29,542 shares of the technology company’s stock valued at $6,222,000 after purchasing an additional 1,402 shares in the last quarter. Hedge funds and other institutional investors own 87.29% of the company’s stock.

Analyst Ratings Changes

TEAM has been the topic of a number of research analyst reports. Wolfe Research boosted their target price on shares of Atlassian from $240.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Wells Fargo & Company lowered their price target on shares of Atlassian from $325.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. Citigroup lowered their price target on shares of Atlassian from $375.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Morgan Stanley lowered their price target on shares of Atlassian from $375.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, November 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Atlassian from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.00.

About Atlassian

(Get Rating)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.

Further Reading

Insider Buying and Selling by Quarter for Atlassian (NASDAQ:TEAM)

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