Atlassian Co. (NASDAQ:TEAM) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC reduced its position in shares of Atlassian Co. (NASDAQ:TEAM) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,162 shares of the technology company’s stock after selling 287 shares during the period. Kintegral Advisory LLC’s holdings in Atlassian were worth $1,500,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its position in shares of Atlassian by 23,100.0% during the third quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after buying an additional 231 shares during the period. Avion Wealth grew its stake in shares of Atlassian by 1,308.3% in the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after purchasing an additional 157 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Atlassian in the 3rd quarter worth approximately $48,000. Kestra Investment Management LLC acquired a new stake in Atlassian during the fourth quarter valued at approximately $56,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Atlassian by 23.2% during the third quarter. Brown Brothers Harriman & Co. now owns 436 shares of the technology company’s stock worth $69,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $297.51, for a total value of $2,364,609.48. Following the completion of the sale, the chief executive officer now owns 214,596 shares of the company’s stock, valued at $63,844,455.96. The trade was a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Anutthara Bharadwaj sold 1,723 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $305.84, for a total value of $526,962.32. Following the sale, the president now owns 199,934 shares of the company’s stock, valued at approximately $61,147,814.56. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 283,449 shares of company stock worth $77,580,151 over the last ninety days. 38.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on TEAM shares. JMP Securities reaffirmed a “market perform” rating on shares of Atlassian in a report on Friday, January 31st. The Goldman Sachs Group boosted their target price on Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Oppenheimer increased their price target on Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. KeyCorp lifted their price target on Atlassian from $315.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Robert W. Baird upped their price objective on shares of Atlassian from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.71.

Atlassian Stock Performance

Shares of NASDAQ TEAM opened at $285.99 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. Atlassian Co. has a one year low of $135.29 and a one year high of $326.00. The business’s 50-day moving average price is $272.98 and its two-hundred day moving average price is $223.27. The company has a market capitalization of $74.93 billion, a P/E ratio of -213.42 and a beta of 0.87.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 17.37%. Analysts anticipate that Atlassian Co. will post -0.34 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.