Atlassian Co. (NASDAQ:TEAM) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 3,951.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,690 shares of the technology company’s stock after buying an additional 145,995 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Atlassian worth $36,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEAM. GAMMA Investing LLC grew its holdings in shares of Atlassian by 68.6% in the third quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after purchasing an additional 96 shares during the period. True Wealth Design LLC boosted its holdings in Atlassian by 23,100.0% in the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock valued at $37,000 after purchasing an additional 231 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Atlassian in the 3rd quarter valued at approximately $48,000. Quarry LP increased its holdings in shares of Atlassian by 143.8% during the 2nd quarter. Quarry LP now owns 373 shares of the technology company’s stock worth $66,000 after buying an additional 220 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Atlassian by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 436 shares of the technology company’s stock valued at $69,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In related news, President Anutthara Bharadwaj sold 4,560 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $225.45, for a total value of $1,028,052.00. Following the sale, the president now owns 224,436 shares in the company, valued at $50,599,096.20. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Gene Liu sold 165 shares of Atlassian stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $245.84, for a total value of $40,563.60. Following the transaction, the chief accounting officer now directly owns 56,423 shares of the company’s stock, valued at approximately $13,871,030.32. This represents a 0.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,240 shares of company stock valued at $64,788,465. 38.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on TEAM shares. Oppenheimer upped their price target on Atlassian from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Cantor Fitzgerald began coverage on shares of Atlassian in a research note on Friday, January 17th. They set a “neutral” rating and a $264.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Atlassian from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Macquarie began coverage on shares of Atlassian in a research report on Thursday, December 12th. They set a “neutral” rating and a $290.00 price objective for the company. Finally, KeyCorp boosted their target price on Atlassian from $260.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $272.00.

Atlassian Trading Up 1.5 %

Shares of TEAM stock opened at $256.19 on Wednesday. Atlassian Co. has a 52-week low of $135.29 and a 52-week high of $287.97. The stock’s 50-day moving average price is $256.49 and its 200 day moving average price is $202.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative net margin of 8.59% and a negative return on equity of 23.35%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted ($0.07) EPS. Atlassian’s quarterly revenue was up 21.5% on a year-over-year basis. Analysts predict that Atlassian Co. will post -0.55 earnings per share for the current fiscal year.

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.