State of New Jersey Common Pension Fund D Sells 2,152 Shares of Atlassian Co. (NASDAQ:TEAM)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Atlassian Co. (NASDAQ:TEAMFree Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,218 shares of the technology company’s stock after selling 2,152 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Atlassian were worth $17,575,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Atlassian during the second quarter worth $6,919,000. Franklin Resources Inc. lifted its holdings in shares of Atlassian by 1.1% during the second quarter. Franklin Resources Inc. now owns 2,178,799 shares of the technology company’s stock worth $365,624,000 after purchasing an additional 23,452 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Atlassian by 12.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,263 shares of the technology company’s stock worth $14,763,000 after purchasing an additional 8,073 shares during the period. CWM LLC lifted its holdings in shares of Atlassian by 75.1% during the second quarter. CWM LLC now owns 1,257 shares of the technology company’s stock worth $211,000 after purchasing an additional 539 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Atlassian by 3.7% during the third quarter. IFM Investors Pty Ltd now owns 29,967 shares of the technology company’s stock worth $6,039,000 after buying an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 53.36% of the company’s stock.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $218.76 on Friday. The company has a 50-day moving average price of $229.40 and a 200-day moving average price of $203.99. Atlassian Co. has a 1 year low of $128.02 and a 1 year high of $258.69. The company has a current ratio of 1.07, a quick ratio of 1.43 and a debt-to-equity ratio of 1.04.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TEAM. Piper Sandler lowered their target price on shares of Atlassian from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Mizuho lifted their target price on shares of Atlassian from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Citigroup lifted their target price on shares of Atlassian from $215.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays lifted their target price on shares of Atlassian from $165.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, StockNews.com raised shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $225.19.

Get Our Latest Stock Analysis on TEAM

Insider Activity

In related news, CEO Michael Cannon-Brookes sold 8,241 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $174.88, for a total transaction of $1,441,186.08. Following the transaction, the chief executive officer now directly owns 263,712 shares in the company, valued at $46,117,954.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Rajeev Bashyam Rajan sold 1,305 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $184.97, for a total transaction of $241,385.85. Following the transaction, the chief technology officer now directly owns 149,311 shares in the company, valued at $27,618,055.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 8,241 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $174.88, for a total transaction of $1,441,186.08. Following the transaction, the chief executive officer now owns 263,712 shares in the company, valued at $46,117,954.56. The disclosure for this sale can be found here. Insiders sold 321,629 shares of company stock worth $69,245,290 over the last three months. 40.48% of the stock is currently owned by insiders.

Atlassian Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Atlassian (NASDAQ:TEAM)

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