Anutthara Bharadwaj Sells 760 Shares of Atlassian Co. (NASDAQ:TEAM) Stock

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 760 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $200.00, for a total transaction of $152,000.00. Following the completion of the transaction, the president now owns 161,850 shares in the company, valued at approximately $32,370,000. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Anutthara Bharadwaj also recently made the following trade(s):

• On Friday, April 19th, Anutthara Bharadwaj sold 760 shares of Atlassian stock. The stock was sold at an average price of $193.63, for a total value of $147,158.80.
• On Friday, March 15th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $201.05, for a total value of $305,596.00.
• On Tuesday, February 20th, Anutthara Bharadwaj sold 2,645 shares of Atlassian stock. The shares were sold at an average price of $204.40, for a total value of $540,638.00.
• On Wednesday, February 14th, Anutthara Bharadwaj sold 4,139 shares of Atlassian stock. The shares were sold at an average price of $212.87, for a total transaction of $881,068.93.

Atlassian Stock Performance

Shares of NASDAQ TEAM traded down $0.43 during trading hours on Wednesday, hitting $199.01. 837,385 shares of the stock were exchanged, compared to its average volume of 1,683,605. The firm has a market capitalization of $51.62 billion, a P/E ratio of -133.56 and a beta of 0.63. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. Atlassian Co. has a one year low of $128.02 and a one year high of $258.69. The company’s 50 day moving average is $201.18 and its 200 day moving average is $206.81.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.24). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. On average, research analysts expect that Atlassian Co. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

TEAM has been the topic of several research reports. Barclays upgraded Atlassian from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $235.00 to $275.00 in a research note on Thursday, April 11th. Mizuho reduced their price objective on Atlassian from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. The Goldman Sachs Group boosted their target price on shares of Atlassian from $188.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Truist Financial raised their price target on shares of Atlassian from $180.00 to $220.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Atlassian from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $224.25.

Institutional Investors Weigh In On Atlassian

Institutional investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Atlassian during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC boosted its position in shares of Atlassian by 28.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 257 shares of the technology company’s stock worth $52,000 after purchasing an additional 57 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Atlassian by 271.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 371 shares of the technology company’s stock worth $88,000 after purchasing an additional 271 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Atlassian by 255.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 405 shares of the technology company’s stock worth $96,000 after acquiring an additional 291 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in Atlassian during the 3rd quarter worth about $99,000. 93.03% of the stock is owned by institutional investors and hedge funds.

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.