Capital International Ltd. CA Acquires 506 Shares of Atlassian Co. (NASDAQ:TEAM)

Capital International Ltd. CA raised its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,953 shares of the technology company’s stock after acquiring an additional 506 shares during the quarter. Capital International Ltd. CA’s holdings in Atlassian were worth $9,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TEAM. Virtu Financial LLC bought a new stake in Atlassian during the third quarter valued at about $606,000. SkyView Investment Advisors LLC raised its stake in shares of Atlassian by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company’s stock worth $656,000 after buying an additional 122 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Atlassian by 59.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,901 shares of the technology company’s stock valued at $461,000 after acquiring an additional 1,081 shares during the period. Tidal Investments LLC grew its stake in shares of Atlassian by 143.2% during the 3rd quarter. Tidal Investments LLC now owns 12,605 shares of the technology company’s stock valued at $2,002,000 after acquiring an additional 7,422 shares during the period. Finally, Synovus Financial Corp increased its holdings in Atlassian by 26.4% in the 3rd quarter. Synovus Financial Corp now owns 19,962 shares of the technology company’s stock worth $3,170,000 after acquiring an additional 4,173 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TEAM shares. Cantor Fitzgerald upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $304.00 to $272.00 in a research report on Wednesday, April 2nd. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Truist Financial decreased their price target on Atlassian from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Mizuho upped their price objective on Atlassian from $285.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Citigroup increased their target price on Atlassian from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $297.73.

Insider Activity

In other news, Director Scott Farquhar sold 7,948 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $255.71, for a total value of $2,032,383.08. Following the sale, the director now directly owns 381,504 shares in the company, valued at approximately $97,554,387.84. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gene Liu sold 568 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $312.08, for a total value of $177,261.44. Following the transaction, the chief accounting officer now owns 52,142 shares of the company’s stock, valued at approximately $16,272,475.36. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,513 shares of company stock valued at $67,123,959. 38.55% of the stock is currently owned by company insiders.

Atlassian Trading Down 1.2 %

Shares of NASDAQ TEAM opened at $202.75 on Friday. The stock has a market capitalization of $53.12 billion, a P/E ratio of -151.30 and a beta of 1.07. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The business’s 50 day moving average is $241.92 and its two-hundred day moving average is $241.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

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

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.