Atlassian Co. (NASDAQ:TEAM) Shares Acquired by Ceera Investments LLC

Ceera Investments LLC boosted its position in Atlassian Co. (NASDAQ:TEAM) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,183 shares of the technology company’s stock after purchasing an additional 555 shares during the period. Atlassian comprises approximately 1.9% of Ceera Investments LLC’s holdings, making the stock its 17th largest position. Ceera Investments LLC’s holdings in Atlassian were worth $4,454,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Atlassian by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,577,302 shares of the technology company’s stock worth $3,039,287,000 after purchasing an additional 221,650 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Atlassian by 8.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,141,645 shares of the technology company’s stock worth $2,173,847,000 after buying an additional 904,138 shares in the last quarter. Brown Advisory Inc. grew its stake in Atlassian by 7.9% in the 4th quarter. Brown Advisory Inc. now owns 3,473,105 shares of the technology company’s stock valued at $826,113,000 after acquiring an additional 255,653 shares during the last quarter. Capital International Investors raised its position in Atlassian by 6.3% during the first quarter. Capital International Investors now owns 2,436,567 shares of the technology company’s stock worth $475,399,000 after acquiring an additional 144,117 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Atlassian by 6.7% in the first quarter. Clearbridge Investments LLC now owns 2,070,928 shares of the technology company’s stock valued at $404,059,000 after purchasing an additional 130,253 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Analyst Upgrades and Downgrades

TEAM has been the subject of several analyst reports. Morgan Stanley cut their price target on Atlassian from $245.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group raised Atlassian from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $230.00 in a research note on Friday, August 2nd. Scotiabank cut their price objective on shares of Atlassian from $210.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Baird R W downgraded shares of Atlassian from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Piper Sandler raised shares of Atlassian from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $200.00 to $225.00 in a research note on Tuesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Atlassian currently has an average rating of “Moderate Buy” and an average price target of $217.69.

Insider Activity at Atlassian

In other news, CEO Scott Farquhar sold 7,948 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $162.20, for a total transaction of $1,289,165.60. Following the transaction, the chief executive officer now owns 103,324 shares of the company’s stock, valued at $16,759,152.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Scott Farquhar sold 7,948 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $162.20, for a total transaction of $1,289,165.60. Following the sale, the chief executive officer now directly owns 103,324 shares of the company’s stock, valued at approximately $16,759,152.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Anutthara Bharadwaj sold 760 shares of Atlassian stock in a transaction on Friday, June 21st. The stock was sold at an average price of $160.00, for a total transaction of $121,600.00. Following the completion of the transaction, the president now directly owns 153,294 shares of the company’s stock, valued at approximately $24,527,040. The disclosure for this sale can be found here. Insiders have sold 256,055 shares of company stock valued at $42,720,983 over the last ninety days. Corporate insiders own 40.48% of the company’s stock.

Atlassian Stock Down 0.4 %

TEAM stock traded down $0.59 during trading on Friday, reaching $161.31. The stock had a trading volume of 1,947,457 shares, compared to its average volume of 1,767,998. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $165.86 and a 200 day moving average price of $178.87. The company has a market capitalization of $41.95 billion, a P/E ratio of -256.05 and a beta of 0.73. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $258.69.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Atlassian had a negative return on equity of 17.69% and a negative net margin of 6.89%. Atlassian’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. On average, equities analysts anticipate that Atlassian Co. will post -0.58 earnings per share for the current year.

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.