Juncture Wealth Strategies LLC Takes Position in Atlassian Co. (NASDAQ:TEAM)

Juncture Wealth Strategies LLC acquired a new stake in Atlassian Co. (NASDAQ:TEAM) in the 4th quarter, Holdings Channel reports. The firm acquired 975 shares of the technology company’s stock, valued at approximately $237,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Atlassian by 68.6% in the 3rd quarter. GAMMA Investing LLC now owns 236 shares of the technology company’s stock valued at $37,000 after purchasing an additional 96 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of 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 in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Atlassian in the 3rd quarter valued at $48,000. Quarry LP boosted its stake in shares of Atlassian by 143.8% in the 2nd quarter. Quarry LP now owns 373 shares of the technology company’s stock valued at $66,000 after purchasing an additional 220 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Atlassian by 23.2% in the third 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 last quarter. 94.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Anutthara Bharadwaj sold 4,560 shares of the firm’s stock in a transaction dated 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 directly owns 224,436 shares of the company’s stock, valued at $50,599,096.20. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Gene Liu sold 1,024 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $225.45, for a total value of $230,860.80. Following the completion of the sale, the chief accounting officer now directly owns 59,168 shares in the company, valued at $13,339,425.60. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 272,188 shares of company stock worth $67,421,558 in the last 90 days. Company insiders own 38.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TEAM shares. Robert W. Baird lifted their price target on Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Atlassian from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday. Mizuho boosted their price objective on Atlassian from $240.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Oppenheimer boosted their price objective on Atlassian from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, UBS Group boosted their price objective on Atlassian from $180.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $273.19.

Atlassian Trading Down 0.3 %

TEAM opened at $264.81 on Friday. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $287.97. The stock’s fifty day simple moving average is $257.68 and its 200 day simple moving average is $204.80. 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, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) EPS. Equities research analysts expect that Atlassian Co. will post -0.55 EPS for the current fiscal year.

Atlassian Company 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.