Atlassian Co. (NASDAQ:TEAM – Get Free Report) President Anutthara Bharadwaj sold 2,548 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $184.35, for a total value of $469,723.80. Following the completion of the sale, the president now owns 191,099 shares of the company’s stock, valued at $35,229,100.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Anutthara Bharadwaj also recently made the following trade(s):
- On Friday, August 18th, Anutthara Bharadwaj sold 2,470 shares of Atlassian stock. The shares were sold at an average price of $181.81, for a total value of $449,070.70.
- On Monday, August 14th, Anutthara Bharadwaj sold 4,739 shares of Atlassian stock. The stock was sold at an average price of $199.99, for a total value of $947,752.61.
- On Friday, July 21st, Anutthara Bharadwaj sold 2,470 shares of Atlassian stock. The stock was sold at an average price of $176.98, for a total transaction of $437,140.60.
- On Friday, June 16th, Anutthara Bharadwaj sold 2,470 shares of Atlassian stock. The shares were sold at an average price of $183.12, for a total transaction of $452,306.40.
Atlassian Stock Up 0.9 %
TEAM stock opened at $191.69 on Thursday. Atlassian Co. has a twelve month low of $113.86 and a twelve month high of $267.58. The firm has a market capitalization of $49.27 billion, a PE ratio of -101.42 and a beta of 0.75. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 1.47. The stock has a 50-day simple moving average of $178.60 and a two-hundred day simple moving average of $167.61.
Hedge Funds Weigh In On Atlassian
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andesa Financial Management Inc. purchased a new position in shares of Atlassian during the first quarter worth about $233,000. Hall Laurie J Trustee bought a new position in Atlassian in the second quarter valued at $28,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Atlassian during the second quarter worth approximately $41,000. Carmel Capital Partners LLC bought a new stake in shares of Atlassian in the 1st quarter worth approximately $34,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Atlassian in the 2nd quarter valued at $34,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TEAM shares. Berenberg Bank assumed coverage on Atlassian in a research note on Thursday, June 29th. They issued a “hold” rating and a $150.00 price objective on the stock. KeyCorp boosted their target price on Atlassian from $175.00 to $205.00 in a research report on Tuesday, July 18th. The Goldman Sachs Group cut Atlassian from a “buy” rating to a “neutral” rating and cut their target price for the stock from $240.00 to $165.00 in a report on Friday, May 5th. Barclays lifted their price target on shares of Atlassian from $165.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Finally, Wells Fargo & Company raised their price objective on shares of Atlassian from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Eight 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 stock has an average rating of “Moderate Buy” and an average target price of $198.56.
Get Our Latest Stock Analysis on Atlassian
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Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.
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