Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj Sells 1,723 Shares

Atlassian Co. (NASDAQ:TEAM) President Anutthara Bharadwaj sold 1,723 shares of Atlassian stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total transaction of $526,962.32. Following the sale, the president now directly owns 199,934 shares of the company’s stock, valued at $61,147,814.56. This represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, February 14th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $312.58, for a total transaction of $475,121.60.
• On Friday, January 17th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $259.85, for a total transaction of $394,972.00.
• On Friday, December 20th, Anutthara Bharadwaj sold 1,520 shares of Atlassian stock. The shares were sold at an average price of $254.76, for a total transaction of $387,235.20.

Atlassian Trading Down 4.2 %

NASDAQ:TEAM opened at $285.99 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $74.93 billion, a price-to-earnings ratio of -213.42 and a beta of 0.87. The firm has a fifty day simple moving average of $272.83 and a two-hundred day simple moving average of $221.70. Atlassian Co. has a 12 month low of $135.29 and a 12 month high of $326.00.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Analysts expect that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Atlassian in the fourth quarter valued at $27,000. Colonial Trust Co SC lifted its position in shares of Atlassian by 100.0% during the fourth quarter. Colonial Trust Co SC now owns 138 shares of the technology company’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Atlassian during the fourth quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Atlassian during the fourth quarter valued at about $39,000. Finally, Avion Wealth lifted its position in shares of Atlassian by 1,308.3% during the fourth quarter. Avion Wealth now owns 169 shares of the technology company’s stock valued at $41,000 after purchasing an additional 157 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TEAM shares. Oppenheimer boosted their price target on shares of Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Canaccord Genuity Group boosted their price target on shares of Atlassian from $255.00 to $285.00 and gave the company a “buy” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their price target on shares of Atlassian from $245.00 to $370.00 and gave the company a “buy” rating in a report on Monday, February 3rd. BMO Capital Markets raised shares of Atlassian from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $255.00 to $292.00 in a research report on Friday, January 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $319.71.

Atlassian Company 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.