Sheaff Brock Investment Advisors LLC Acquires 150 Shares of Atlassian Co. (NASDAQ:TEAM)

Sheaff Brock Investment Advisors LLC increased its holdings in shares of Atlassian Co. (NASDAQ:TEAM) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,283 shares of the technology company’s stock after buying an additional 150 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Atlassian were worth $305,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Graypoint LLC increased its holdings in shares of Atlassian by 2.4% in the fourth quarter. Graypoint LLC now owns 1,784 shares of the technology company’s stock worth $424,000 after acquiring an additional 42 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Atlassian by 1.4% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 3,095 shares of the technology company’s stock valued at $736,000 after buying an additional 43 shares during the last quarter. Park National Corp OH lifted its position in Atlassian by 3.5% during the 4th quarter. Park National Corp OH now owns 1,439 shares of the technology company’s stock worth $342,000 after buying an additional 48 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Atlassian by 5.7% in the 4th quarter. UMB Bank n.a. now owns 1,041 shares of the technology company’s stock valued at $248,000 after acquiring an additional 56 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its position in shares of Atlassian by 1.0% in the third quarter. Personal CFO Solutions LLC now owns 6,136 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 59 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Atlassian news, President Anutthara Bharadwaj sold 2,645 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $204.40, for a total transaction of $540,638.00. Following the transaction, the president now directly owns 164,890 shares in the company, valued at approximately $33,703,516. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, President Anutthara Bharadwaj sold 2,645 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $204.40, for a total value of $540,638.00. Following the completion of the sale, the president now directly owns 164,890 shares in the company, valued at approximately $33,703,516. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Rajeev Bashyam Rajan sold 2,939 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $204.40, for a total value of $600,731.60. Following the completion of the transaction, the chief technology officer now owns 137,922 shares in the company, valued at approximately $28,191,256.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,715 shares of company stock worth $58,679,663. Company insiders own 40.48% of the company’s stock.

Atlassian Trading Down 1.4 %

Shares of NASDAQ TEAM traded down $2.49 during trading on Friday, reaching $179.72. The company had a trading volume of 1,204,376 shares, compared to its average volume of 1,784,465. The company’s fifty day moving average price is $192.61 and its 200-day moving average price is $206.02. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82. The stock has a market cap of $46.78 billion, a P/E ratio of -285.27 and a beta of 0.67. Atlassian Co. has a 12 month low of $143.88 and a 12 month high of $258.69.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.27. Atlassian had a negative net margin of 3.90% and a negative return on equity of 13.95%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned ($0.40) EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, research analysts expect that Atlassian Co. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TEAM. TD Cowen reduced their price target on Atlassian from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday, April 26th. KeyCorp assumed coverage on shares of Atlassian in a research note on Tuesday, March 19th. They set a “sector weight” rating for the company. Citigroup lowered their price target on shares of Atlassian from $280.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Oppenheimer decreased their target price on Atlassian from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, UBS Group dropped their price target on Atlassian from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $223.22.

Atlassian 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.