Strengthening Families & Communities LLC Has $46,000 Stake in Atlassian Co. (NASDAQ:TEAM)

Strengthening Families & Communities LLC decreased its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 57.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190 shares of the technology company’s stock after selling 252 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Atlassian were worth $46,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TEAM. GAMMA Investing LLC raised its stake in Atlassian by 68.6% during the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock worth $37,000 after acquiring an additional 96 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after purchasing an additional 231 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Atlassian during the third quarter worth about $48,000. Brown Brothers Harriman & Co. grew its holdings in shares of Atlassian by 23.2% during the third quarter. Brown Brothers Harriman & Co. now owns 436 shares of the technology company’s stock worth $69,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Atlassian during the third quarter worth about $103,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Activity at Atlassian

In related news, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $244.81, for a total value of $1,945,749.88. Following the completion of the sale, the director now directly owns 214,596 shares of the company’s stock, valued at approximately $52,535,246.76. This represents a 3.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gene Liu sold 779 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $320.01, for a total value of $249,287.79. Following the completion of the sale, the chief accounting officer now directly owns 52,710 shares of the company’s stock, valued at $16,867,727.10. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 256,705 shares of company stock valued at $67,890,023. 38.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TEAM. UBS Group boosted their price target on Atlassian from $275.00 to $330.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Cantor Fitzgerald boosted their price target on Atlassian from $264.00 to $304.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Scotiabank boosted their price target on Atlassian from $250.00 to $330.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Barclays upped their target price on Atlassian from $275.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, KeyCorp upped their target price on Atlassian from $315.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.71.

Atlassian Stock Up 2.8 %

Shares of NASDAQ:TEAM opened at $322.94 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The stock’s 50 day moving average is $265.92 and its 200-day moving average is $213.45.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. As a group, equities research analysts predict that Atlassian Co. will post -0.34 EPS for the current fiscal 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.