2 weeks Ago By ABMN Staff
Federated Hermes Inc. increased its stake in shares of Atlassian Co. ( NASDAQ:TEAM – Free Report ) by 99.
8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,998 shares of the technology company’s stock after purchasing an additional 998 shares during the period. Federated Hermes Inc.
’s holdings in Atlassian were worth $486,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Atlassian in the third quarter valued at approximately $606,000.
SkyView Investment Advisors LLC boosted its holdings in Atlassian by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,128 shares of the technology company’s stock valued at $656,000 after purchasing an additional 122 shares during the period.
Wilmington Savings Fund Society FSB grew its position in shares of Atlassian by 59.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,901 shares of the technology company’s stock valued at $461,000 after purchasing an additional 1,081 shares in the last quarter.
Tidal Investments LLC increased its holdings in shares of Atlassian by 143.2% in the third quarter. Tidal Investments LLC now owns 12,605 shares of the technology company’s stock worth $2,002,000 after purchasing an additional 7,422 shares during the period.
Finally, Synovus Financial Corp raised its position in shares of Atlassian by 26.4% in the third quarter. Synovus Financial Corp now owns 19,962 shares of the technology company’s stock worth $3,170,000 after buying an additional 4,173 shares in the last quarter.
Institutional investors own 94.45% of the company’s stock. Analyst Ratings Changes A number of equities analysts have weighed in on TEAM shares.
Raymond James restated an “outperform” rating and issued a $330.00 target price (up from $250.00) on shares of Atlassian in a research note on Friday, January 31st.
Robert W. Baird raised shares of Atlassian from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $320.00 to $255.
00 in a research note on Monday. Mizuho boosted their price target on shares of Atlassian from $285.00 to $355.
00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley lowered their price objective on shares of Atlassian from $370.00 to $320.
00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, StockNews.com lowered shares of Atlassian from a “buy” rating to a “hold” rating in a research report on Monday, March 31st.
Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.73.
Atlassian Price Performance Shares of TEAM opened at $202.75 on Friday. The firm’s 50-day simple moving average is $241.
92 and its two-hundred day simple moving average is $241.88. Atlassian Co.
has a fifty-two week low of $135.29 and a fifty-two week high of $326.00.
The stock has a market cap of $53.12 billion, a PE ratio of -151.30 and a beta of 1.
07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.
24 and a current ratio of 1.24. Atlassian ( NASDAQ:TEAM – Get Free Report ) 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%. Analysts anticipate that Atlassian Co. will post -0.
34 earnings per share for the current fiscal year. Insiders Place Their Bets In other Atlassian news, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $185.
61, for a total transaction of $1,475,228.28. Following the sale, the director now directly owns 333,816 shares in the company, valued at approximately $61,959,587.
76. This trade represents a 2.33 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CAO Gene Liu sold 779 shares of the business’s stock in a transaction on Friday, January 31st. The stock was 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 represents a 1.46 % decrease in their position.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 261,513 shares of company stock valued at $67,123,959. Insiders own 38.
55% of the company’s stock. 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.
Further Reading Want to see what other hedge funds are holding TEAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlassian Co. ( NASDAQ:TEAM – Free Report ).
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