Atlassian Co. (NASDAQ:TEAM) Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its stake in Atlassian Co. (NASDAQ:TEAM) by 14.1% during the 4th quarter, Holdings Channel reports. The fund owned 7,056 shares of the technology company’s stock after purchasing an additional 870 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Atlassian were worth $1,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEAM. Murphy & Mullick Capital Management Corp acquired a new stake in Atlassian in the 4th quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in Atlassian in the fourth quarter worth approximately $38,000. Avion Wealth grew its holdings in Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after acquiring an additional 157 shares in the last quarter. Assetmark Inc. grew its holdings in Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock worth $43,000 after acquiring an additional 41 shares in the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in shares of Atlassian in the 4th quarter valued at $49,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.31, for a total transaction of $2,561,719.88. Following the transaction, the chief executive officer now directly owns 270,232 shares of the company’s stock, valued at $87,098,475.92. This represents a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $259.85, for a total transaction of $394,972.00. Following the completion of the sale, the president now owns 210,471 shares of the company’s stock, valued at $54,690,889.35. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 263,033 shares of company stock worth $70,144,394. Company insiders own 38.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TEAM shares. Mizuho boosted their target price on shares of Atlassian from $285.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Citigroup increased their price objective on Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a report on Friday, January 17th. Wells Fargo & Company boosted their target price on Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer increased their price target on shares of Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, KeyCorp boosted their price objective on shares of Atlassian from $315.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.73.

Atlassian Price Performance

Shares of NASDAQ TEAM opened at $223.96 on Thursday. The stock has a fifty day moving average price of $266.94 and a 200 day moving average price of $239.70. Atlassian Co. has a 1-year low of $135.29 and a 1-year high of $326.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $58.68 billion, a PE ratio of -167.13 and a beta of 1.07.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share 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%. Sell-side analysts forecast that Atlassian Co. will post -0.34 EPS for the current 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.