Capital International Sarl Has $5.03 Million Holdings in Atlassian Corporation PLC $TEAM

Capital International Sarl lessened its holdings in Atlassian Corporation PLC (NASDAQ:TEAM) by 53.0% in the 4th quarter, Holdings Channel reports. The firm owned 31,045 shares of the technology company’s stock after selling 35,019 shares during the quarter. Capital International Sarl’s holdings in Atlassian were worth $5,034,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Havemeyer Place LP bought a new position in Atlassian in the 4th quarter worth $1,178,000. 111 Capital increased its holdings in shares of Atlassian by 14.9% during the 4th quarter. 111 Capital now owns 1,864 shares of the technology company’s stock worth $302,000 after purchasing an additional 242 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Atlassian by 49.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,667 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 3,546 shares during the period. Pinebridge Investments LLC bought a new position in shares of Atlassian during the 4th quarter worth about $6,346,000. Finally, WINTON GROUP Ltd bought a new position in shares of Atlassian during the 4th quarter worth about $12,650,000. Institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling

In other news, CFO James Chuong sold 8,838 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total transaction of $775,534.50. Following the transaction, the chief financial officer directly owned 288,272 shares in the company, valued at approximately $25,295,868. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 1,986 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $174,271.50. Following the transaction, the executive owned 236,841 shares in the company, valued at $20,782,797.75. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,891 shares of company stock worth $955,683 over the last quarter. 36.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TEAM shares. Canaccord Genuity Group dropped their price objective on shares of Atlassian from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. BNP Paribas Exane initiated coverage on shares of Atlassian in a research note on Monday, March 16th. They issued an “outperform” rating and a $95.00 target price on the stock. Oppenheimer upped their target price on shares of Atlassian from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Raymond James Financial set a $130.00 target price on shares of Atlassian in a research note on Friday, May 1st. Finally, Mizuho reduced their price target on shares of Atlassian from $185.00 to $145.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.63.

Atlassian Price Performance

NASDAQ:TEAM opened at $99.47 on Monday. The firm has a market cap of $25.24 billion, a PE ratio of -119.84, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Atlassian Corporation PLC has a 12 month low of $56.01 and a 12 month high of $222.59. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $78.95 and its two-hundred day moving average price is $106.17.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. On average, equities analysts anticipate that Atlassian Corporation PLC will post 0.81 EPS for the current fiscal year.

Atlassian Company Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.