B. Metzler seel. Sohn & Co. Holding AG Buys New Position in Atlassian Co. (NASDAQ:TEAM)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Atlassian Co. (NASDAQ:TEAM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,186 shares of the technology company’s stock, valued at approximately $982,000.

Several other large investors have also bought and sold shares of TEAM. O Shaughnessy Asset Management LLC boosted its stake in Atlassian by 33.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,204 shares of the technology company’s stock valued at $820,000 after buying an additional 1,062 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Atlassian by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,100 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Atlassian by 33.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 158,180 shares of the technology company’s stock valued at $30,862,000 after purchasing an additional 39,380 shares during the period. Lazard Asset Management LLC boosted its position in shares of Atlassian by 1,089.4% in the 1st quarter. Lazard Asset Management LLC now owns 35,764 shares of the technology company’s stock valued at $6,976,000 after purchasing an additional 32,757 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Atlassian in the 1st quarter valued at $426,000. Institutional investors own 93.03% of the company’s stock.

Atlassian Stock Performance

TEAM opened at $260.58 on Friday. The firm has a market capitalization of $67.86 billion, a P/E ratio of -171.43 and a beta of 0.71. The stock’s 50 day moving average price is $196.47 and its two-hundred day moving average price is $177.03. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $262.00.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. On average, equities analysts forecast that Atlassian Co. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

TEAM has been the subject of a number of recent analyst reports. Barclays decreased their price target on Atlassian from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group increased their price objective on Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JMP Securities raised Atlassian to a “hold” rating in a research note on Friday, August 2nd. Truist Financial increased their price objective on Atlassian from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Robert W. Baird increased their price objective on Atlassian from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.21.

Insider Buying and Selling at Atlassian

In other news, President Anutthara Bharadwaj sold 1,659 shares of Atlassian stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $245.81, for a total transaction of $407,798.79. Following the sale, the president now owns 213,511 shares of the company’s stock, valued at approximately $52,483,138.91. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Farquhar sold 7,948 shares of Atlassian stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $244.81, for a total value of $1,945,749.88. Following the sale, the director now directly owns 214,596 shares in the company, valued at $52,535,246.76. The trade was a 3.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,694 shares of company stock valued at $49,012,774 in the last 90 days. 38.55% of the stock is currently owned by insiders.

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.