Benjamin F. Edwards & Company Inc. Acquires 1,084 Shares of Atlassian Co. (NASDAQ:TEAM)

Benjamin F. Edwards & Company Inc. lifted its stake in Atlassian Co. (NASDAQ:TEAM) by 12,044.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,093 shares of the technology company’s stock after purchasing an additional 1,084 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Atlassian were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TEAM. OFI Invest Asset Management bought a new stake in Atlassian in the third quarter worth $26,000. Carmel Capital Partners LLC raised its position 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 purchasing an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in 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 purchasing an additional 271 shares in the last quarter. Operose Advisors LLC purchased a new stake in Atlassian during the 3rd quarter valued at about $99,000. Finally, GAMMA Investing LLC bought a new stake in Atlassian during the 4th quarter valued at about $107,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TEAM. Oppenheimer dropped their target price on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. The Goldman Sachs Group upped their price objective on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. UBS Group reduced their target price on Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. TD Cowen lowered their price target on Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Finally, Truist Financial reduced their price objective on Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Atlassian presently has an average rating of “Moderate Buy” and a consensus price target of $223.22.

Atlassian Trading Up 0.7 %

TEAM opened at $179.85 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50 day moving average price is $195.22 and its 200-day moving average price is $205.60. Atlassian Co. has a one year low of $132.32 and a one year high of $258.69. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of -285.48 and a beta of 0.67.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.62 by $0.27. Atlassian had a negative return on equity of 13.95% and a negative net margin of 3.90%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted ($0.40) EPS. Atlassian’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities analysts forecast that Atlassian Co. will post -0.29 EPS for the current year.

Insider Activity at Atlassian

In other news, President Anutthara Bharadwaj sold 4,139 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $212.87, for a total transaction of $881,068.93. Following the transaction, the president now owns 167,535 shares in the company, valued at $35,663,175.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Anutthara Bharadwaj sold 4,139 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $212.87, for a total value of $881,068.93. Following the completion of the transaction, the president now owns 167,535 shares of the company’s stock, valued at $35,663,175.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Farquhar sold 8,241 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $218.32, for a total value of $1,799,175.12. Following the sale, the chief executive officer now directly owns 263,712 shares in the company, valued at approximately $57,573,603.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 308,691 shares of company stock worth $61,115,840. Company insiders own 40.48% of the company’s stock.

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.