Atlassian Corporation PLC $TEAM Shares Bought by Caxton Associates LLP

Caxton Associates LLP lifted its holdings in shares of Atlassian Corporation PLC (NASDAQ:TEAM) by 464.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,415 shares of the technology company’s stock after acquiring an additional 11,861 shares during the quarter. Caxton Associates LLP’s holdings in Atlassian were worth $2,928,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capco Asset Management LLC purchased a new stake in Atlassian during the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its position in shares of Atlassian by 447.2% during the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company’s stock worth $42,000 after buying an additional 161 shares in the last quarter. State of Wyoming increased its stake in shares of Atlassian by 20.3% in the first quarter. State of Wyoming now owns 278 shares of the technology company’s stock worth $59,000 after buying an additional 47 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Atlassian in the second quarter valued at $61,000. Finally, First Horizon Advisors Inc. boosted its stake in Atlassian by 40.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 374 shares of the technology company’s stock valued at $76,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $166.36, for a total value of $1,275,149.40. Following the completion of the transaction, the director directly owned 7,665 shares of the company’s stock, valued at $1,275,149.40. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Anutthara Bharadwaj sold 9,847 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $152.46, for a total value of $1,501,273.62. Following the completion of the sale, the president owned 242,092 shares in the company, valued at approximately $36,909,346.32. This represents a 3.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 565,851 shares of company stock worth $89,061,922. Insiders own 36.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TEAM shares. The Goldman Sachs Group reissued a “buy” rating and issued a $260.00 target price on shares of Atlassian in a research report on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $230.00 price objective on shares of Atlassian in a report on Wednesday, October 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price objective on shares of Atlassian in a research note on Friday, October 31st. UBS Group decreased their target price on Atlassian from $215.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Wells Fargo & Company assumed coverage on Atlassian in a research report on Tuesday, September 30th. They set an “overweight” rating and a $216.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $240.00.

Atlassian Trading Down 0.7%

Shares of NASDAQ TEAM opened at $162.04 on Monday. The company has a market cap of $42.63 billion, a price-to-earnings ratio of -228.22, a price-to-earnings-growth ratio of 30.56 and a beta of 0.89. The stock’s 50 day simple moving average is $155.86 and its 200 day simple moving average is $175.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Atlassian Corporation PLC has a 12-month low of $139.70 and a 12-month high of $326.00.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Atlassian had a negative return on equity of 7.11% and a negative net margin of 3.38%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Equities research analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current year.

Atlassian 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.