Curi RMB Capital LLC Grows Stock Position in Atlassian Co. (NASDAQ:TEAM)

Curi RMB Capital LLC increased its holdings in Atlassian Co. (NASDAQ:TEAM) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,812 shares of the technology company’s stock after acquiring an additional 167 shares during the period. Curi RMB Capital LLC’s holdings in Atlassian were worth $4,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEAM. Dimensional Fund Advisors LP increased its position in shares of Atlassian by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 157,752 shares of the technology company’s stock worth $38,398,000 after purchasing an additional 5,878 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Atlassian by 26.8% during the fourth quarter. GeoWealth Management LLC now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 38 shares during the last quarter. Capital International Ltd. CA raised its stake in shares of Atlassian by 1.4% in the 4th quarter. Capital International Ltd. CA now owns 37,953 shares of the technology company’s stock valued at $9,237,000 after acquiring an additional 506 shares during the period. Commerce Bank raised its stake in shares of Atlassian by 3.0% in the 4th quarter. Commerce Bank now owns 5,113 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 147 shares during the period. Finally, Capital Group Investment Management PTE. LTD. lifted its holdings in shares of Atlassian by 1.8% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 8,200 shares of the technology company’s stock worth $1,996,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Stock Performance

Shares of Atlassian stock opened at $202.75 on Friday. The firm has a market capitalization of $53.12 billion, a P/E ratio of -151.30 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a 52 week low of $135.29 and a 52 week high of $326.00. The firm’s 50 day moving average is $239.67 and its two-hundred day moving average is $242.74.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Research analysts forecast that Atlassian Co. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Atlassian

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of the company’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $205.94, for a total value of $1,636,811.12. Following the completion of the sale, the chief executive officer now owns 278,180 shares in the company, valued at $57,288,389.20. This represents a 2.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Anutthara Bharadwaj sold 1,723 shares of Atlassian stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $305.84, for a total transaction of $526,962.32. Following the completion of the transaction, the president now owns 199,934 shares in the company, valued at approximately $61,147,814.56. This represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,513 shares of company stock worth $67,123,959. Corporate insiders own 38.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of Atlassian in a research report on Friday, January 31st. Citigroup boosted 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. BMO Capital Markets lowered their target price on Atlassian from $360.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Jefferies Financial Group cut their price target on shares of Atlassian from $330.00 to $262.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Finally, Cantor Fitzgerald raised shares of Atlassian from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $304.00 to $272.00 in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $297.73.

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.