9,411 Shares in Atlassian Corporation PLC $TEAM Purchased by Wick Capital Partners LLC

Wick Capital Partners LLC acquired a new position in shares of Atlassian Corporation PLC (NASDAQ:TEAM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,411 shares of the technology company’s stock, valued at approximately $1,526,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in Atlassian during the fourth quarter valued at $32,000. Basepoint Wealth LLC purchased a new position in shares of Atlassian in the 4th quarter worth $32,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Atlassian in the 4th quarter worth $32,000. Bogart Wealth LLC increased its holdings in shares of Atlassian by 76.4% in the 4th quarter. Bogart Wealth LLC now owns 217 shares of the technology company’s stock worth $35,000 after buying an additional 94 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Atlassian in the 4th quarter worth about $41,000. 94.45% of the stock is currently owned by institutional investors.

Atlassian Stock Down 2.0%

Shares of Atlassian stock opened at $82.72 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of -99.66, a PEG ratio of 4.78 and a beta of 1.07. The firm’s 50-day moving average is $83.00 and its two-hundred day moving average is $102.53. Atlassian Corporation PLC has a 1 year low of $56.01 and a 1 year high of $222.59.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.33 by $0.42. Atlassian had a positive return on equity of 6.22% and a negative net margin of 3.50%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, research analysts expect that Atlassian Corporation PLC will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James Chuong sold 8,838 shares of Atlassian stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares of the company’s stock, valued at $25,295,868. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $89.71, for a total transaction of $269,130.00. Following the transaction, the executive owned 227,691 shares of the company’s stock, valued at approximately $20,426,159.61. This trade represents a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 20,041 shares of company stock valued at $1,801,069. Insiders own 36.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TEAM. Morgan Stanley lowered their price target on shares of Atlassian from $290.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Zacks Research raised Atlassian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Raymond James Financial set a $130.00 price objective on Atlassian in a research report on Friday, May 1st. KeyCorp lowered their price objective on Atlassian from $170.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, BNP Paribas Exane assumed coverage on Atlassian in a research note on Monday, March 16th. They issued an “outperform” rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.63.

Atlassian Profile

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.