Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Atlassian Co. (NASDAQ:TEAMFree Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,087 shares of the technology company’s stock after acquiring an additional 10,434 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Atlassian worth $27,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its holdings in shares of Atlassian by 12.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,540 shares of the technology company’s stock worth $300,000 after purchasing an additional 176 shares in the last quarter. Norden Group LLC bought a new stake in shares of Atlassian during the 1st quarter worth $1,197,000. HB Wealth Management LLC grew its holdings in shares of Atlassian by 12.3% in the 1st quarter. HB Wealth Management LLC now owns 1,085 shares of the technology company’s stock worth $212,000 after acquiring an additional 119 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Atlassian by 123.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 61,856 shares of the technology company’s stock worth $12,069,000 after acquiring an additional 34,204 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Atlassian by 9.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,198 shares of the technology company’s stock worth $234,000 after purchasing an additional 105 shares during the period. 93.03% of the stock is currently owned by institutional investors.

Insider Activity at Atlassian

In other Atlassian news, CAO Gene Liu sold 199 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $184.25, for a total transaction of $36,665.75. Following the completion of the sale, the chief accounting officer now owns 45,666 shares of the company’s stock, valued at $8,413,960.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Cannon-Brookes sold 8,241 shares of Atlassian stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $201.81, for a total value of $1,663,116.21. Following the transaction, the chief executive officer now directly owns 448,860 shares in the company, valued at $90,584,436.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gene Liu sold 199 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $184.25, for a total value of $36,665.75. Following the sale, the chief accounting officer now owns 45,666 shares of the company’s stock, valued at approximately $8,413,960.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,561 shares of company stock valued at $49,794,081. Corporate insiders own 40.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TEAM. Truist Financial dropped their price target on Atlassian from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. TD Cowen cut their price target on shares of Atlassian from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Robert W. Baird decreased their price objective on shares of Atlassian from $270.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. KeyCorp started coverage on shares of Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company decreased their target price on Atlassian from $285.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $226.94.

Get Our Latest Stock Analysis on TEAM

Atlassian Stock Performance

Shares of TEAM opened at $187.32 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. Atlassian Co. has a 12 month low of $152.34 and a 12 month high of $258.69. The company’s fifty day moving average is $171.08 and its 200-day moving average is $200.02.

Atlassian (NASDAQ:TEAMGet Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted ($0.40) earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. Analysts predict that Atlassian Co. will post -0.21 earnings per share for the current fiscal year.

Atlassian Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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