Kintegral Advisory LLC Has $1.50 Million Position in Atlassian Co. (NASDAQ:TEAM)

Kintegral Advisory LLC lessened its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,162 shares of the technology company’s stock after selling 287 shares during the period. Kintegral Advisory LLC’s holdings in Atlassian were worth $1,500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Atlassian during the third quarter worth approximately $606,000. Sequoia Financial Advisors LLC boosted its holdings in Atlassian by 37.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock valued at $306,000 after purchasing an additional 520 shares during the period. Fulton Bank N.A. bought a new stake in Atlassian in the 4th quarter valued at $447,000. Paloma Partners Management Co acquired a new stake in Atlassian in the 3rd quarter worth $1,588,000. Finally, Allworth Financial LP increased its holdings in shares of Atlassian by 3.1% during the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company’s stock worth $404,000 after purchasing an additional 47 shares during the period. Institutional investors own 94.45% of the company’s stock.

Atlassian Price Performance

Shares of TEAM stock opened at $285.99 on Friday. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $326.00. The stock has a market capitalization of $74.93 billion, a PE ratio of -213.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s fifty day moving average is $272.98 and its 200-day moving average is $223.27.

Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (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%. Equities research analysts expect that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.31, for a total value of $2,561,719.88. Following the transaction, the chief executive officer now directly owns 270,232 shares of the company’s stock, valued at approximately $87,098,475.92. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gene Liu sold 779 shares of Atlassian stock in a transaction on Friday, January 31st. The stock was sold at an average price of $320.01, for a total transaction of $249,287.79. Following the sale, the chief accounting officer now directly owns 52,710 shares of the company’s stock, valued at $16,867,727.10. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,449 shares of company stock worth $77,580,151. Insiders own 38.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TEAM. BMO Capital Markets raised Atlassian from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $255.00 to $292.00 in a research report on Friday, January 10th. StockNews.com raised Atlassian from a “hold” rating to a “buy” rating in a report on Friday. Macquarie upped their target price on Atlassian from $290.00 to $317.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Robert W. Baird lifted their price target on shares of Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Mizuho increased their price objective on shares of Atlassian from $285.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.71.

Atlassian 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.