Sequoia Financial Advisors LLC Has $324,000 Position in Atlassian Co. (NASDAQ:TEAM)

Sequoia Financial Advisors LLC lifted its position in shares of Atlassian Co. (NASDAQ:TEAM) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,364 shares of the technology company’s stock after buying an additional 155 shares during the period. Sequoia Financial Advisors LLC’s holdings in Atlassian were worth $324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TEAM. Dimensional Fund Advisors LP boosted its position in Atlassian by 29.9% during the first quarter. Dimensional Fund Advisors LP now owns 201,552 shares of the technology company’s stock valued at $59,233,000 after purchasing an additional 46,418 shares during the last quarter. Cetera Investment Advisers boosted its position in Atlassian by 6.0% during the first quarter. Cetera Investment Advisers now owns 1,755 shares of the technology company’s stock valued at $516,000 after purchasing an additional 100 shares during the last quarter. Baird Financial Group Inc. boosted its position in Atlassian by 7.9% during the first quarter. Baird Financial Group Inc. now owns 115,967 shares of the technology company’s stock valued at $34,075,000 after purchasing an additional 8,491 shares during the last quarter. Pearl River Capital LLC acquired a new position in Atlassian during the first quarter valued at approximately $1,163,000. Finally, USS Investment Management Ltd acquired a new position in Atlassian during the first quarter valued at approximately $6,015,000. 93.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 8,241 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $196.26, for a total transaction of $1,617,378.66. Following the sale, the chief executive officer now directly owns 407,655 shares in the company, valued at $80,006,370.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Gene Liu sold 582 shares of Atlassian stock in a transaction on Monday, March 11th. The stock was sold at an average price of $215.00, for a total value of $125,130.00. Following the transaction, the chief accounting officer now owns 45,865 shares in the company, valued at approximately $9,860,975. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $196.26, for a total value of $1,617,378.66. Following the transaction, the chief executive officer now directly owns 407,655 shares of the company’s stock, valued at approximately $80,006,370.30. The disclosure for this sale can be found here. Insiders sold a total of 298,930 shares of company stock valued at $62,707,908 over the last quarter. 40.48% of the stock is owned by corporate insiders.

Atlassian Stock Down 0.7 %

Shares of TEAM opened at $193.61 on Friday. 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 12 month low of $128.02 and a 12 month high of $258.69. The firm’s 50 day moving average is $202.37 and its 200-day moving average is $206.57. The stock has a market capitalization of $50.22 billion, a PE ratio of -129.94 and a beta of 0.63.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The company 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 research analysts forecast that Atlassian Co. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

TEAM has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. StockNews.com cut Atlassian from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. UBS Group cut their price objective on Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research report on Friday, February 2nd. Finally, Barclays raised Atlassian from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $235.00 to $275.00 in a research report on Thursday, April 11th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.