Anutthara Bharadwaj Sells 760 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $200.00, for a total transaction of $152,000.00. Following the completion of the transaction, the president now owns 161,850 shares of the company’s stock, valued at approximately $32,370,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, April 19th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $193.63, for a total transaction of $147,158.80.
• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The stock was sold at an average price of $201.05, for a total transaction of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The stock was sold at an average price of $204.40, for a total transaction of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The shares were sold at an average price of $212.87, for a total value of $881,068.93.

Atlassian Price Performance

TEAM stock opened at $198.41 on Friday. The stock has a 50-day moving average price of $200.55 and a two-hundred day moving average price of $206.69. The stock has a market cap of $51.47 billion, a PE ratio of -133.16 and a beta of 0.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. Equities analysts forecast that Atlassian Co. will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Atlassian

A number of large investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Atlassian during the 3rd quarter worth about $26,000. Carmel Capital Partners LLC boosted its stake in shares of Atlassian by 28.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock worth $52,000 after buying an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Atlassian by 271.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock worth $88,000 after buying an additional 271 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Atlassian by 255.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after buying an additional 291 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Atlassian during the 4th quarter worth about $107,000. Institutional investors own 93.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho cut their price target on Atlassian from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. Truist Financial increased their price target on Atlassian from $180.00 to $220.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. William Blair reissued an “outperform” rating on shares of Atlassian in a research note on Friday, February 2nd. Finally, UBS Group lowered their price objective on shares of Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Atlassian currently has an average rating of “Hold” and a consensus price target of $224.25.

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.