Yousif Capital Management LLC Purchases 157 Shares of Atlassian Co. (NASDAQ:TEAM)

Yousif Capital Management LLC lifted its position in Atlassian Co. (NASDAQ:TEAM) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,561 shares of the technology company’s stock after acquiring an additional 157 shares during the period. Yousif Capital Management LLC’s holdings in Atlassian were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Atlassian in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC grew its stake in shares of Atlassian by 28.5% in 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 grew its stake in shares of Atlassian by 271.0% in 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. Operose Advisors LLC purchased a new stake in Atlassian during the 3rd quarter valued at $99,000. Finally, GAMMA Investing LLC purchased a new stake in Atlassian during the 4th quarter valued at $107,000. Institutional investors own 93.03% of the company’s stock.

Wall Street Analyst Weigh In

TEAM has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on Atlassian from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. StockNews.com upgraded Atlassian from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Robert W. Baird cut their target price on Atlassian from $270.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. UBS Group cut their target price on Atlassian from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Finally, TD Cowen cut their target price on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Atlassian has an average rating of “Moderate Buy” and an average target price of $223.22.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the sale, the chief executive officer now directly owns 263,712 shares of the company’s stock, valued at $57,573,603.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12. Following the sale, the chief executive officer now directly owns 263,712 shares of the company’s stock, valued at $57,573,603.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gene Liu sold 582 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $215.00, for a total value of $125,130.00. Following the sale, the chief accounting officer now directly owns 45,865 shares in the company, valued at $9,860,975. The disclosure for this sale can be found here. Insiders have sold a total of 300,450 shares of company stock valued at $59,897,078 over the last ninety days. 40.48% of the stock is currently owned by company insiders.

Atlassian Price Performance

Shares of Atlassian stock opened at $181.77 on Tuesday. Atlassian Co. has a one year low of $128.02 and a one year high of $258.69. The stock’s fifty day moving average is $196.77 and its 200 day moving average is $205.99. The stock has a market cap of $47.31 billion, a P/E ratio of -288.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. Atlassian’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) EPS. Sell-side analysts anticipate that Atlassian Co. will post -0.29 earnings per share 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.