Atlassian Co. (NASDAQ:TEAM) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its stake in Atlassian Co. (NASDAQ:TEAM) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,062 shares of the technology company’s stock after selling 1,474 shares during the quarter. Fisher Asset Management LLC owned approximately 0.16% of Atlassian worth $98,489,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TEAM. Graypoint LLC raised its holdings in Atlassian by 2.4% in the 4th quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock valued at $424,000 after acquiring an additional 42 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Atlassian by 1.4% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock valued at $736,000 after acquiring an additional 43 shares during the last quarter. Park National Corp OH raised its holdings in Atlassian by 3.5% in the 4th quarter. Park National Corp OH now owns 1,439 shares of the technology company’s stock valued at $342,000 after acquiring an additional 48 shares during the last quarter. UMB Bank n.a. raised its holdings in Atlassian by 5.7% in the 4th quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock valued at $248,000 after acquiring an additional 56 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in Atlassian by 1.0% in the 3rd quarter. Personal CFO Solutions LLC now owns 6,136 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, April 19th. The shares were sold at an average price of $193.63, for a total transaction of $147,158.80. Following the sale, the president now directly owns 162,610 shares in the company, valued at approximately $31,486,174.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Atlassian news, CEO Scott Farquhar sold 8,241 shares of Atlassian stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $157.52, for a total value of $1,298,122.32. Following the transaction, the chief executive officer now directly owns 127,461 shares in the company, valued at $20,077,656.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, April 19th. The shares were sold at an average price of $193.63, for a total transaction of $147,158.80. Following the completion of the transaction, the president now owns 162,610 shares in the company, valued at $31,486,174.30. The disclosure for this sale can be found here. Insiders have sold 272,904 shares of company stock worth $50,232,694 in the last ninety days. 40.48% of the stock is owned by corporate insiders.

Atlassian Price Performance

Atlassian stock opened at $160.09 on Monday. The company has a fifty day simple moving average of $179.40 and a 200-day simple moving average of $203.69. Atlassian Co. has a 12-month low of $154.02 and a 12-month high of $258.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned ($0.40) EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. Research analysts expect that Atlassian Co. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on TEAM. Piper Sandler cut their price objective on shares of Atlassian from $225.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Barclays upgraded shares of Atlassian from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $235.00 to $275.00 in a report on Thursday, April 11th. StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Truist Financial cut their price target on shares of Atlassian from $220.00 to $200.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Oppenheimer cut their price target on shares of Atlassian from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.22.

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.