Atlassian Co. (NASDAQ:TEAM) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in Atlassian Co. (NASDAQ:TEAM) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,520 shares of the technology company’s stock after acquiring an additional 620 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Atlassian were worth $1,830,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in Atlassian in the third quarter worth $606,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Atlassian by 37.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,925 shares of the technology company’s stock valued at $306,000 after buying an additional 520 shares during the period. Fulton Bank N.A. bought a new stake in shares of Atlassian during the 4th quarter valued at about $447,000. Paloma Partners Management Co acquired a new stake in Atlassian during the third quarter worth about $1,588,000. Finally, Impax Asset Management Group plc lifted its holdings in Atlassian by 590.6% in the third quarter. Impax Asset Management Group plc now owns 37,402 shares of the technology company’s stock worth $5,940,000 after acquiring an additional 31,986 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Atlassian Stock Performance

Shares of Atlassian stock opened at $316.73 on Wednesday. The business has a fifty day simple moving average of $262.61 and a 200-day simple moving average of $210.38. Atlassian Co. has a fifty-two week low of $135.29 and a fifty-two week high of $324.37. 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 issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative net margin of 7.22% and a negative return on equity of 18.00%. Research analysts predict that Atlassian Co. will post -0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler upped their target price on Atlassian from $310.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Morgan Stanley increased their target price on Atlassian from $315.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $330.00 target price (up from $250.00) on shares of Atlassian in a research note on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $318.43.

Insider Buying and Selling

In other news, CAO Gene Liu sold 445 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.00, for a total transaction of $102,350.00. Following the completion of the sale, the chief accounting officer now directly owns 58,723 shares of the company’s stock, valued at $13,506,290. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Anutthara Bharadwaj sold 1,659 shares of Atlassian stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $245.81, for a total value of $407,798.79. Following the completion of the transaction, the president now directly owns 213,511 shares in the company, valued at $52,483,138.91. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,935 shares of company stock worth $66,966,954. Corporate insiders own 38.55% of the company’s stock.

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.