FDx Advisors Inc. Sells 323 Shares of Atlassian Co. (NASDAQ:TEAM)

FDx Advisors Inc. decreased its holdings in Atlassian Co. (NASDAQ:TEAM) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,756 shares of the technology company’s stock after selling 323 shares during the quarter. FDx Advisors Inc.’s holdings in Atlassian were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Atlassian by 3.1% in the 4th quarter. Allworth Financial LP now owns 1,548 shares of the technology company’s stock worth $404,000 after acquiring an additional 47 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Atlassian by 22.9% in the 4th quarter. GAMMA Investing LLC now owns 290 shares of the technology company’s stock worth $71,000 after acquiring an additional 54 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Atlassian by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,467 shares of the technology company’s stock worth $357,000 after acquiring an additional 56 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Atlassian by 1.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 3,958 shares of the technology company’s stock worth $963,000 after acquiring an additional 59 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of Atlassian by 2.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,428 shares of the technology company’s stock worth $544,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling

In related news, President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $254.76, for a total value of $387,235.20. Following the completion of the transaction, the president now directly owns 211,991 shares of the company’s stock, valued at approximately $54,006,827.16. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Cannon-Brookes sold 7,948 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $236.89, for a total transaction of $1,882,801.72. Following the completion of the sale, the chief executive officer now owns 421,244 shares in the company, valued at $99,788,491.16. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,501 shares of company stock valued at $75,215,542. Company insiders own 38.55% of the company’s stock.

Atlassian Price Performance

Atlassian stock opened at $298.49 on Friday. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The firm has a 50 day moving average price of $272.83 and a 200-day moving average price of $221.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 1.24.

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 return on equity of 17.37% and a negative net margin of 7.22%. On average, sell-side analysts predict that Atlassian Co. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and issued a $330.00 target price (up previously from $250.00) on shares of Atlassian in a report on Friday, January 31st. BMO Capital Markets upgraded shares of Atlassian from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $255.00 to $292.00 in a report on Friday, January 10th. Morgan Stanley upped their target price on shares of Atlassian from $315.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com upgraded shares of Atlassian from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Oppenheimer increased their price objective on shares of Atlassian from $300.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $319.71.

Atlassian Company 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.