1,000 Shares in Atlassian Co. (NASDAQ:TEAM) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in shares of Atlassian Co. (NASDAQ:TEAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the technology company’s stock, valued at approximately $243,000.

A number of other large investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in Atlassian in the fourth quarter valued at approximately $22,634,000. Voyager Global Management LP bought a new stake in shares of Atlassian during the 4th quarter worth $24,338,000. Voya Investment Management LLC boosted its stake in Atlassian by 17,941.0% in the fourth quarter. Voya Investment Management LLC now owns 2,172,854 shares of the technology company’s stock valued at $528,693,000 after buying an additional 2,160,810 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Atlassian by 0.8% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 27,251 shares of the technology company’s stock valued at $6,637,000 after buying an additional 226 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Atlassian in the fourth quarter valued at about $3,042,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Stock Up 1.6 %

Shares of NASDAQ TEAM opened at $228.68 on Monday. Atlassian Co. has a 12-month low of $135.29 and a 12-month high of $326.00. The firm has a market cap of $59.91 billion, a PE ratio of -170.66 and a beta of 1.07. The company’s fifty day simple moving average is $229.25 and its 200 day simple moving average is $244.62. 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 (NASDAQ:TEAM) last released its quarterly earnings data 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 net margin of 7.22% and a negative return on equity of 17.37%. As a group, sell-side analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlassian

In related news, Director Scott Farquhar sold 7,948 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $308.86, for a total value of $2,454,819.28. Following the completion of the sale, the director now directly owns 317,920 shares of the company’s stock, valued at approximately $98,192,771.20. This represents a 2.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Anutthara Bharadwaj sold 1,520 shares of Atlassian stock in a transaction on Friday, February 14th. The stock was sold at an average price of $312.58, for a total transaction of $475,121.60. Following the transaction, the president now directly owns 201,657 shares in the company, valued at $63,033,945.06. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,565 shares of company stock valued at $64,045,540. Corporate insiders own 38.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Raymond James restated an “outperform” rating and issued a $330.00 price target (up from $250.00) on shares of Atlassian in a research note on Friday, January 31st. UBS Group decreased their target price on shares of Atlassian from $330.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. William Blair reiterated an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Macquarie raised Atlassian from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $317.00 to $270.00 in a report on Thursday, April 10th. Finally, Piper Sandler increased their target price on Atlassian from $310.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $301.90.

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.