Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 642 shares of the technology company’s stock after buying an additional 222 shares during the period. Smartleaf Asset Management LLC’s holdings in Atlassian were worth $159,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TEAM. Point72 Asset Management L.P. boosted its stake in shares of Atlassian by 760.5% during the third quarter. Point72 Asset Management L.P. now owns 698,775 shares of the technology company’s stock worth $110,972,000 after buying an additional 617,566 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Atlassian by 122.0% during the third quarter. Two Sigma Advisers LP now owns 1,003,600 shares of the technology company’s stock worth $159,382,000 after buying an additional 551,500 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Atlassian during the third quarter worth about $57,149,000. Parnassus Investments LLC boosted its stake in shares of Atlassian by 322.9% during the third quarter. Parnassus Investments LLC now owns 321,240 shares of the technology company’s stock worth $51,016,000 after buying an additional 245,286 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Atlassian by 12,047.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 228,124 shares of the technology company’s stock worth $55,521,000 after buying an additional 226,246 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Trading Down 9.4 %

Shares of TEAM opened at $250.66 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $276.34 and a 200-day simple moving average of $231.09. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The stock has a market cap of $65.67 billion, a price-to-earnings ratio of -187.06 and a beta of 0.87.

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

Wall Street Analyst Weigh In

TEAM has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Atlassian from $264.00 to $304.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price objective on shares of Atlassian from $350.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group raised their price objective on shares of Atlassian from $275.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Macquarie raised their price objective on shares of Atlassian from $290.00 to $317.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group raised their price objective on shares of Atlassian from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.71.

Insider Buying and Selling at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $269.35, for a total value of $2,140,793.80. Following the completion of the transaction, the director now directly owns 111,272 shares in the company, valued at approximately $29,971,113.20. The trade was a 6.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Gene Liu sold 779 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $320.01, for a total value of $249,287.79. Following the completion of the transaction, the chief accounting officer now owns 52,710 shares of the company’s stock, valued at $16,867,727.10. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,553 shares of company stock worth $72,913,406. Insiders own 38.55% of the company’s stock.

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.