Vanguard Personalized Indexing Management LLC Has $1.83 Million Position in Atlassian Co. (NASDAQ:TEAM)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,389 shares of the technology company’s stock after buying an additional 440 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Atlassian were worth $1,830,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TEAM. Price T Rowe Associates Inc. MD increased its position in shares of Atlassian by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after acquiring an additional 904,138 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Atlassian in the second quarter worth approximately $91,072,000. Vanguard Group Inc. raised its stake in shares of Atlassian by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company’s stock worth $3,652,495,000 after purchasing an additional 504,181 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Atlassian in the first quarter valued at approximately $55,307,000. Finally, Swedbank AB purchased a new position in shares of Atlassian during the first quarter valued at approximately $50,923,000. 93.03% of the stock is owned by institutional investors.

Atlassian Trading Down 0.0 %

Shares of TEAM opened at $163.08 on Friday. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $258.69. The business has a 50-day moving average of $161.99 and a 200 day moving average of $175.39. The firm has a market cap of $42.45 billion, a P/E ratio of -258.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 1st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Atlassian had a negative net margin of 6.89% and a negative return on equity of 17.69%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. As a group, research analysts forecast that Atlassian Co. will post -0.58 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $163.56, for a total value of $1,299,974.88. Following the completion of the transaction, the chief executive officer now directly owns 55,636 shares in the company, valued at $9,099,824.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $163.56, for a total value of $1,299,974.88. Following the sale, the chief executive officer now directly owns 55,636 shares of the company’s stock, valued at $9,099,824.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $175.00, for a total transaction of $133,000.00. Following the transaction, the president now directly owns 152,534 shares of the company’s stock, valued at approximately $26,693,450. The disclosure for this sale can be found here. Insiders have sold a total of 239,399 shares of company stock worth $40,189,629 over the last 90 days. Corporate insiders own 40.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TEAM. Morgan Stanley lowered their price target on Atlassian from $245.00 to $225.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Piper Sandler upgraded shares of Atlassian from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $200.00 to $225.00 in a report on Tuesday, July 2nd. Capital One Financial raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and set a $211.00 price objective for the company in a research report on Thursday, July 11th. Robert W. Baird cut shares of Atlassian from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $230.00 to $175.00 in a research report on Friday, August 2nd. Finally, Scotiabank reduced their target price on Atlassian from $210.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.69.

About Atlassian

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.